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

21 Apr

Answers to Questions You May Have About Economic Impact Payments

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April 21, 2020

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS. Others are still waiting. The payments are part of the Coronavirus Aid,...

20 Apr

Federal Tax, Helpful COVID-19 Links

Economic Impact Payments For People Receiving Supplemental Security Income

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April 20, 2020

Do you know someone who receives Supplemental Security Income (SSI)? If so, that person should automatically receive a $1,200 Economic Impact Payment (EIP) “no later than early May,” according to the IRS. No further...

20 Apr

Coronavirus Healthcare, Employer

Temporary Regs Address Health Plans and Pandemic-Related Paid Leave

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April 20, 2020

The U.S. Department of Labor recently issued temporary regulations implementing the emergency paid sick and family leave provided under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security...

17 Apr

Coronavirus Healthcare

CARES Act Provider Relief Fund Update

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April 23, 2020

Many healthcare providers have now received funds in their bank account as part of the CARES Act Provider Relief Fund. Remember that this is the distribution of $30 billion in grants to healthcare providers as...

17 Apr

Federal Tax, Helpful COVID-19 Links

IRS Get My Payment Tool Available

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April 17, 2020

The IRS says its new Get My Payment tool is now up and running. It allows taxpayers to check on the status of their Economic Impact Payments (EIPs), which are being sent to help...

17 Apr

Coronavirus & Nonprofits, Nonprofit

Donor Care During the COVID-19 Pandemic

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April 17, 2020

One of the many challenges of operating a nonprofit organization during the Coronavirus (COVID-19) pandemic is that just when you desperately need financial support, many donors are unable to help. Widespread unemployment, stock market...

16 Apr

Helpful COVID-19 Links, Individual Tax

CARES ACT Changes Retirement Plan and Charitable Contribution Rules

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April 16, 2020

As we all try to keep ourselves, our loved ones, and our communities safe from the Coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of...

15 Apr

Business, Helpful COVID-19 Links

Using Your Financial Statements During an Economic Crisis

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April 16, 2020

The economic fallout from the Coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions. One place to look for the information you need to make rational, reasonable moves...

14 Apr

Coronavirus Tax Filing & Payment

Extended Tax Deadlines in New Jersey

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April 16, 2020

Governor Phil Murphy is expected to sign a bill today to extend the April 15 personal income tax and corporate business tax filing and payment deadlines to July 15. The New Jersey Division of Taxation...

14 Apr

Federal Tax, Helpful COVID-19 Links

Economic Impact Payments Beginning to Be Deposited

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April 14, 2020

The IRS announced that it has deposited the first Economic Impact Payments into taxpayers’ bank accounts. “We know many people are anxious to get their payments; we’ll continue issuing them as fast as we...

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