The CARES Act created an employee retention credit, which eligible employers can claim for paying qualified wages to employees. The employee retention credit is a refundable credit equal to 50% of qualified wages paid, with a maximum credit of $5,000 per employee. The credit is allowed against the employer's Social Security taxes and Railroad Retirement Tax Act Tier 1 taxes but reduced by the amount of credits claimed under the FFCRA.
And here's another article:
4 Tax Questions To Ask Before Signing An Enviro Settlement - Law360
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Avery Dennison Announces Second Quarter 2020 Results | Business Wire
"The team has come together extraordinarily well in navigating what is proving to be one of the most challenging periods we have experienced as a company. The compounding effects of the health, economic and societal crises are having an unprecedented impact on our teams, our markets, and our communities," said Mitch Butier, Chairman, President and CEO.
"Second quarter revenue came in better than we expected," added Butier. "Following a sharp decline in April, total company sales improved sequentially in May and June. In this environment, a key focus is protecting our profitability for the year, which we reported in the first half, with adjusted EBITDA margin above prior year.
Medpace Holdings, Inc. Reports Second Quarter 2020 Results | Coronavirus | baytownsun.com
Medpace Holdings, Inc. (Nasdaq: MEDP) ("Medpace") today announced financial results for the second quarter ended June 30, 2020.
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Revenue for the three months ended June 30, 2020 decreased 4.3% to $205.0 million, compared to $214.1 million for the comparable prior-year period. On a constant currency organic basis, revenue for the second quarter of 2020 decreased 4.1% compared to the second quarter of 2019.
Backlog as of June 30, 2020 grew 14.6% to $1.3 billion from $1.2 billion as of June 30, 2019. Net new business awards were $254.1 million, representing a net book-to-bill ratio of 1.24x for the second quarter of 2020, as compared to $279.2 million for the comparable prior-year period. The Company calculates the net book-to-bill ratio by dividing net new business awards by revenue.
This may worth something:
Park National Corporation reports financial results for second quarter and first half of 2020
NEWARK, Ohio, July 27, 2020 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE American: PRK) today reported financial results for the second quarter and first half of 2020 (three and six months ended June 30, 2020). Park's board of directors declared a quarterly cash dividend of $1.02 per common share, payable on September 10, 2020 to common shareholders of record as of August 21, 2020.
Park's net income for the second quarter of 2020 was $29.5 million, a 33.1 percent increase from $22.2 million for the second quarter of 2019. Second quarter 2020 net income per diluted common share was $1.80, compared to $1.33 in the second quarter of 2019. Park's net income for the first half of 2020 was $51.9 million, an 8.9 percent increase from $47.6 million for the first half of 2019.
Sovos Names Terry Melnik General Manager of Sales and Use Tax Line of Business
There are more than 12,000 different tax regulations affecting sales and use tax across the United States, with thousands of changes each year, on average. This is an IT challenge for companies of all sizes, as traditional business systems and legacy solutions can't manage the pace of regulatory change.
"Terry's experience in go-to-market strategy, planning and execution, combined with his growth-focused leadership style, are a great fit for our organization and this role," said Andy Hovancik, CEO, Sovos. "Terry similarly felt Sovos was a great match for him -- he was particularly excited about our culture, long-term vision and the market opportunity we have to Solve Tax for Good."
IFF Announces Date for Special Meeting of Shareholders | Business Wire
IFF (NYSE:IFF) (Euronext Paris:IFF) (TASE:IFF), a leading innovator of taste, scent, nutrition & ingredients, today announced that it will hold a special meeting of its shareholders ("Special Meeting") on August 27, 2020 to consider and vote on the issuance of shares of IFF common stock in connection with the previously announced proposed merger of IFF and DuPont's Nutrition & Biosciences (N&B) business pursuant to a Reverse Morris Trust transaction.
The transaction is subject to approval by IFF shareholders and other customary closing conditions, including regulatory approvals. Each of IFF and N&B filed a Pre-Merger Notification and Report Form pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") with the U.S. Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice on February 3, 2020. The waiting period under the HSR Act expired at 11:59 p.m.
INSIGHT: United Arab Emirates Economic Substance Rules—Are You Prepared?
Rajeev Agarwal of Qatar Navigation analyzes the recent economic substance regulations issued in the United Arab Emirates, and considers what requirements businesses need to consider going forward.
The United Arab Emirates (UAE) Cabinet issued the "Cabinet of Ministers Resolution No.31 of 2019 concerning economic substance regulations" on April 30, 2019, requiring all in-scope UAE "Relevant Entities" that carry on "Relevant Activities" to satisfy economic substance requirements in the UAE.
Happening on Twitter
.@BetsyDeVosED should've begun laying the groundwork for the safe reopening of schools back in March. Instead, the… https://t.co/dhYD4JdEsj RepKatiePorter (from Irvine, CA and Washington, DC) Mon Jul 27 23:50:55 +0000 2020
Laurie Garrett: America's Schools Are a Moral and Medical Catastrophe "The Trump administration is effectively dem… https://t.co/z6jRPjhpCy kylegriffin1 (from Manhattan, NY) Sun Jul 26 19:00:00 +0000 2020
Federal employees who've tested positive for #COVID19: -Over 1,000 TSA agents -At least 8 Secret Service agents a… https://t.co/RNz4Dm9heO ChrisLu44 Mon Jul 27 13:25:29 +0000 2020
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