COVID-19 Tax News & Firm Updates | Cg Tax, Audit & Advisory

04 May

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...

01 May

Coronavirus & Nonprofits, Nonprofit

Nonprofits: Navigate COVID-19 Obstacles With Virtual Board Meetings

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May 1, 2020

The novel Coronavirus (COVID-19) pandemic has forced many of us to work differently — whether it’s isolated at home or in-person wearing facial masks and other protective gear. Even if your nonprofit’s board of...

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...

28 Apr

Coronavirus Tax Filing & Payment, Federal Tax

Coronavirus Filing Deadline FAQs

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April 28, 2020

The IRS has updated a series of FAQs related to the federal income tax return filing and payment deadlines in response to the Coronavirus (COVID-19) pandemic. These FAQs update information about expanded taxpayer relief...

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...

27 Apr

Helpful COVID-19 Links

Returning to the Office Amid COVID-19

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April 28, 2020

Many states are now considering how and when to lift the lockdown rules and allow businesses to reopen. It's safe to say that when businesses begin to re-open their physical locations, we'll all be...

24 Apr

Coronavirus Stimulus Bill

Congress Expands Small Business COVID-19 Relief

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April 24, 2020

Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of federal measures intended to provide relief in response to the novel Coronavirus (COVID-19) pandemic....

24 Apr

Coronavirus & Nonprofits, Nonprofit

Here’s How to Handle Gifts in Kind and Donated Services

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April 24, 2020

As unemployment and financial insecurity become widespread during the novel Coronavirus (COVID-19) crisis, many nonprofit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts...

23 Apr

Business, Coronavirus Tax Filing & Payment

IRS Extends Some (But Not All) Employee Benefit Plan Deadlines

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April 23, 2020

The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel Coronavirus (COVID-19) crisis. This guidance applies to specified filing obligations and...

22 Apr

Coronavirus Stimulus Bill, Federal Tax, SBA

Senate Passes COVID-19 Relief Package

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April 22, 2020

The U.S. Senate has passed a $484 billion bill that will expand small business aid and provide needed funds for hospitals and novel Coronavirus (COVID-19) testing. Specifically, the deal allocates $310 billion to replenish...

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