The COVID-19 pandemic has significantly impacted the fiscal conditions in our states, and taxing jurisdictions are responding with mitigating actions to provide relief to businesses and individuals alike, while protecting…
read moreThe New Jersey Legislature passed a bill yesterday, April 13, that would extend the tax filing and payment deadline for returns that are due on April 15, 2020. Governor Murphy…
read moreThe COVID-19 pandemic has significantly impacted the fiscal conditions of our businesses, but now is the time to prepare and plan for recovery through the vehicles of relief that have…
read moreThere was some uncertainty on the interaction between the payroll tax deferral and the Payroll Protection Program (PPP). Interpretations ranged from: Whether the employer would be eligible for loan forgiveness…
read moreIf you are looking to understand how the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) – the most significant benefits package to date for COVID-19 relief – impacts…
read moreOn April 9th, the Federal Reserve committed an additional $2.3 trillion in funds to further stimulate the economy as we continue to battle the COVID-19 pandemic. Aimed primarily at households…
read moreOn April 2, 2020, the Small Business Administration (SBA) released additional guidance on the SBA Loan Incentive Programs available to businesses for COVID-19 relief. You’re invited to watch our informative…
read moreThe Small Business Administration (SBA) released additional information on the Paycheck Protection Program (PPP). Below summarizes the key changes: Independent Contractors/1099 Recipients– These costs may not be included in “payroll…
read moreOn March 27, 2020, President Trump signed the “Coronavirus Aid Relief, and Economic Security Act” (CARES Act), allocating $2.2 trillion in spending and tax breaks to increase liquidity in the economy, provide relief for individuals and businesses, as well as specific industries most seriously harmed by this pandemic.
read moreAs an update on the tax filing deadline, Treasury Secretary Mnuchin announced on Friday, March 20 that the IRS will be extending the tax filing deadline from April 15 to…
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