The IRS’s roadmap for the Employee Retention Credit includes important updates and guidance for businesses navigating this tax incentive. Employers should expect clear instructions on eligibility requirements, documentation, and the process for claiming the credit. It is crucial for businesses to stay informed and compliant with the IRS’s evolving guidelines to maximize their benefits.
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Japan’s $250bn stimulus plan seeks to encourage more work and spending
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter highlighting Prime Minister Shigeru Ishiba's $250bn economic stimulus package in Japan, aimed at addressing rising prices and adjusting to inflation. The package includes a significant rise in the minimum salary threshold for income tax, a key initiative of the Democratic People’s Party, reflecting the fragility of Ishiba’s government. Analysts anticipate a BoJ interest rate hike in December amidst concerns over fiscal...
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