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

13 Apr

How the CARES Act Affects Employer-Sponsored Benefits

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April 13, 2020

By now, most employers have presumably read up on the basic tax relief and financial assistance aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. What you may not have heard much...

13 Apr

Coronavirus Tax Filing & Payment

The IRS Announces New COVID-19-Related Assistance For Taxpayers

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April 13, 2020

The IRS and the U.S. Department of Treasury have announced new relief for federal taxpayers affected by the Coronavirus (COVID-19) pandemic. The IRS had already extended certain deadlines to file and pay federal income...

11 Apr

Coronavirus Tax Filing & Payment, Federal Tax, Tax

Report Employee Retention Tax Credit

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April 10, 2020

Employers should report the employee retention tax credit on their returns for the 2nd quarter of 2020. The Coronavirus Aid, Relief, and Economic Security (CARES) Act supports certain employers that operate a business during...

10 Apr

Coronavirus & Nonprofits, SBA

Surviving the COVID-19 Crisis: A Nonprofit Action Plan

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April 10, 2020

Although most nonprofits have been hurt by the Coronavirus (COVID-19) pandemic, your organization’s specific challenges probably depend on your mission, constituency and other factors. For example, social distancing rules have forced most arts organization...

10 Apr

Coronavirus Healthcare

CARES Act Provider Relief Fund

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April 10, 2020

Healthcare providers may notice they have a deposit in their bank today titled ACH DEP US HHS STIMULUS. This is the distribution of $30 billion in grants to healthcare providers as part of the fund...

09 Apr

Federal Tax, Helpful COVID-19 Links

TIGTA Warning For Potential Scams

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April 9, 2020

The Treasury Inspector General for Tax Administration (TIGTA) has issued an urgent warning to taxpayers to “be on high alert” for potential scams related to the government payments that will be made to taxpayers...

06 Apr

Employer, Helpful COVID-19 Links

EEOC Guidance Addresses Screening Employees For COVID-19

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April 6, 2020

The Coronavirus (COVID-19) outbreak has changed the way most employers are interacting with their employees. Many organizations have sent employees home to work remotely, but this isn’t feasible in every industry. If you still...

04 Apr

Coronavirus Tax Filing & Payment

Employment Tax Deposits

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April 3, 2020

Relief is granted for failing to make employment tax deposits due to Coronavirus (COVID-19). IRS Notice 2020-22 provides relief to employers entitled to refundable tax credits under the Families First Coronavirus Response Act (FFCRA)...

03 Apr

Coronavirus & Nonprofits, SBA

CARES Act Offers New Hope For Nonprofits

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April 3, 2020

On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your nonprofit organization? It depends on your...

02 Apr

Coronavirus Stimulus Bill

CARES Act Economic Impact Payments

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April 2, 2020

When will Coronavirus (COVID-19) payments from the government arrive? Do you have questions about the CARES Act’s “economic impact payments?” For eligible individuals, these are up to $1,200 for singles and $2,400 for married...

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