COVID-19: Resources and Updates
March 18, 2020
Updated May 20, 2020 Governor’s Orders: Promotion of Unemployment Compensation Fraud (PMA’s David N. Taylor hosts a newsmaker interview with Chris Hackett, CEO of i2M, about his decision to resign from the PA Workforce Development Board due to Governor Wolf’s promotion of unemployment compensation fraud.) Governor Wolf’s UC quote – David N. Taylor response (https://www.facebook.com/PAManufacturers/videos/322534388709606/UzpfSTc3ODU3NzM0NjoxMDE1NzkzNjU0OTE2MjM0Nw/) COVID ...
Business Taxes Only two states, Pennsylvania and New Hampshire, cap the net operating losses (NOL) business can carry over against their Corporate Net Income (CNI) taxes. Here’s why the other 48 don’t. The cap penalizes start-up and cyclical companies by significantly increasing their effective tax rate. Allowing for the deduction in net operating losses improves ...