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

01 Apr

Your Tax Information

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April 1, 2020

During these uncertain times, we want you to know that Cg is here to help and ready to meet any and all of your business needs. If you are able, please provide us with your...

01 Apr

Coronavirus Healthcare

CARES Act Includes Benefits For Certain Health Plans

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April 1, 2020

The new Coronavirus (COVID-19) relief law, known as the CARES Act, includes benefits for certain health plans. For plan years beginning before 2021, high deductible health plans (HDHPs) can now pay for telehealth or...

01 Apr

Coronavirus Tax Filing & Payment

NJ Tax Filing Deadline & Fiscal Year Extended

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April 1, 2020

According to a Tweet by Governor Phil Murphy, New Jersey’s tax filing deadline is extended until July 15, 2020 and the state fiscal year is extended to September 30, 2020. We will continue to...

31 Mar

Coronavirus Stimulus Bill

COVID-19 Stimulus Package Offers Relief to Affected Individual Tax Payers

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March 31, 2020

To help mitigate the financial and health crises related to the Coronavirus (COVID-19), on Friday, March 27, 2020, President Trump signed into law the largest economic relief package in modern U.S. history. The $2...

31 Mar

Families First Coronavirus Response Act

Post or Disseminate Workplace Posters

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March 31, 2020

The Families First Coronavirus Response Act requires certain employers of 500 employees or less to either post or disseminate workplace posters to employees by April 1, 2020. Click here to read more from the...

30 Mar

Coronavirus Stimulus Bill

CARES Act Provides COVID-19 Pandemic Relief to Businesses

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March 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase of Congress’s legislative efforts to address the financial and health care crisis resulting from the Coronavirus (COVID-19) pandemic. In addition...

28 Mar

Coronavirus Tax Filing & Payment

New Guidance on Gift Tax Return & Payment Deadline

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March 28, 2020

We have updated guidance from the Internal Revenue Service (IRS) regarding gift tax return and payment deadlines amid the Coronavirus pandemic. Notice 2020-20 gives taxpayers an automatic extension to July 15, 2020 to file...

28 Mar

Coronavirus & Nonprofits, Nonprofit

What COVID-19 Legislation Means For Nonprofits and Their Employees

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March 28, 2020

Whether your nonprofit is newly deluged with demand for services or you’ve closed doors temporarily, it’s important to keep up with legislation responding to the coronavirus (COVID-19) crisis. On March 18, the Families First...

27 Mar

Families First Coronavirus Response Act

Employee leave under the Families First Coronavirus Response

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March 27, 2020

Congress passed and the president signed into law the Families First Coronavirus Response Act on March 18. The law allows employees time to care for themselves or loved ones and includes provisions for new...

27 Mar

Coronavirus & Nonprofits, SBA

SBA Offering Loans to Small Businesses Hit Hard by COVID-19

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March 28, 2020

Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the Coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise...

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