Cash generation strategies for indirect tax and property tax

05/11/20 • 12 min

On the indirect tax side, it’s contract personnel opportunities, indirect tax refund reviews, and outsourcing compliance. For property tax, it’s deferred payments, a focus on the current filing and an assessment cycle, and a strategy for future appeals. There are numerous state-level opportunities for businesses looking to save or generate cash in response to COVID-19. On our latest tax podcast, Deloitte Tax leaders Kirsten Gulotta and Dave Hurrell discuss cash generation in the age of COVID-19.

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The CARES Act—Tax implications for employers

On this episode of our tax podcast, we take a look at areas in the CARES Act important to taxpayers, from the temporary provision allowing companies to delay the deposit of payroll taxes to the government to the Paycheck Protection Program. Deloitte Tax policy group leader Jonathan Traub talks about what employers need to know about them. We also discuss the importance of focusing on guidance for implementation, and what additional legislation might be on the way.

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Federal and international cash generation strategies

Businesses are looking to either save or generate cash as a response to COVID-19. Taxpayers are looking to NOL carrybacks, filing for quick refunds, 2019 and 2020 accounting methods planning, and federal and international tax planning considerations as potential cash generation options. On our latest tax podcast, Joe Carino of Deloitte Tax explains to listeners what some of the different strategies could mean for tax departments in their recovery planning.