Helpful COVID-19 Links | Cg Tax, Audit & Advisory

16 Jun

Employer Retention Credit

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June 16, 2020

Valuable tax credits are available to employers to help mitigate the effects of the COVID-19 pandemic. But amid the chaos of the last few months, it may be hard to navigate the details of...

28 May

Helpful COVID-19 Links, Individual Tax

Student Loan Interest: Can You Deduct It on Your Tax Return?

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May 27, 2020

The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers...

26 May

Helpful COVID-19 Links, SBA

NJEDA Announces Expansion of Grant Program For Businesses Affected by Coronavirus

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May 26, 2020

The New Jersey Economic Development Authority (NJEDA) announced a $50 million expansion of its Small Business Emergency Assistance Grant Program that provides funding to small businesses facing financial challenges as a result of Coronavirus....

21 May

Helpful COVID-19 Links, Individual Tax

Did You Get an Economic Impact Payment That Was Less Than You Expected?

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May 20, 2020

Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate the effects of the Coronavirus (COVID-19) pandemic. The IRS reports that in the first four...

20 May

Federal Tax, Helpful COVID-19 Links

EIP & Prepaid Debit Cards

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May 19, 2020

Questions keep popping up about the Economic Impact Payments (EIPs) being sent to millions of Americans, and so do new answers from the IRS. For example, can you have your EIP sent to a...

05 May

Federal Tax, Helpful COVID-19 Links

Employee Retention Tax Credit FAQs

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May 5, 2020

Employers have many questions about the new Employee Retention tax credit. To answer them, the IRS has issued a series of FAQs about the credit, which is part of the Coronavirus Aid, Relief, and...

05 May

Federal Tax, Helpful COVID-19 Links

Qualifying Child in EIPs

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May 5, 2020

How does the IRS define “qualifying child” in relation to Economic Impact Payments (EIPs)? Under the Coronavirus Aid, Relief and Economic Act, eligible taxpayers can receive an additional $500 per qualifying child. According to...

04 May

Federal Tax, Helpful COVID-19 Links

Where’s My EIP?

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May 4, 2020

If you’re eligible for an Economic Impact Payment (EIP) but you haven’t yet received it, you may be wondering why. It could be because you haven’t filed your 2019 income tax return. Under the...

29 Apr

Business, Helpful COVID-19 Links

Adjust Your Expectations of Business Interruption Coverage

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April 29, 2020

A natural place to turn when disaster strikes is insurance. The very reason you pay premiums and deal with the paperwork is to have these risk management policies in place when necessary. But, when...

27 Apr

Employer, Helpful COVID-19 Links

Offering COBRA to Employees Furloughed Because of COVID-19

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April 27, 2020

In response to the novel Coronavirus (COVID-19) outbreak, many employers have closed all or parts of their operations — and placed all or some employees on temporary unpaid leave in the form of mandatory...

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