The Blue Marble May newsletter is focused on maintaining payroll and business operations during challenging times, rule changes across the EU due to COVID-19, and the financial impacts of COVID-19 in the EU.
Managing Global Payroll in Challenging Times
As each week passes, new challenges arise for companies with global operations. Different employment laws, payroll and furlough schemes, and reopening strategies in each country make it more difficult to ensure payroll compliance with evolving regulations. How can you keep the company operational in each country while ensuring you’re keeping up with payroll and employment requirements? READ MORE
EU Rule Changes Caused by COVID-19
Countries across the EU have made changes to certain rules and deadlines due to the impacts of COVID-19 on workers. France has made changes to income tax filing deadlines to give individuals more time to gather and report taxes, but employers are still required to withhold taxes from payroll.
Rule changes have also been made for “Frontier Workers”, residents from Germany, Belgium or Switzerland who work in different countries across the EU. As workers are forced to remain at home and work remotely, countries are making accommodations. READ MORE
Impacts of COVID-19 in Europe
The effects of the COVID-19 pandemic have been expansive and detrimental to nations everywhere. The EU has experienced historic economic and humanitarian repercussions. The mitigation of this economic and financial fallout comes from the European Central Bank as well as the Federal Reserve.
The goal of these 2 institutions is to prevent a financial crisis as well as further financial disorder by stabilizing volatility as well as working to reduce market liquidity within the European Union. READ MORE