SBA | Cg Tax, Audit & Advisory

01 Feb

ERC Extended for Employers Keeping Workers on Payroll

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January 28, 2021

The Employee Retention Credit (ERC) is extended for employers who keep workers on payroll. The recently enacted Consolidated Appropriations Act made several changes to the tax credit, which was created under the CARES Act....

12 Jan

Business, SBA

Need Another PPP Loan for Your Small Business? Here Are the New Rules

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October 11, 2022

Congress recently passed, and President Trump signed, a new law providing additional relief for businesses and individuals during the COVID-19 pandemic. One item of interest for small business owners in the Consolidated Appropriations Act...

08 Jan

Coronavirus Stimulus Bill, SBA

How Can Your Business Benefit From the Consolidated Appropriations Act?

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July 12, 2022

Cg's Don Cowan and Michael DeMola will discuss key elements of the new COVID-19 Aid Package including tax relief, PPP provisions, unemployment benefits, and more during a free webinar on Wednesday, January 20 at...

06 Jan

Coronavirus Stimulus Bill, SBA

The Consolidated Appropriations Act Brings COVID-19 Relief (and More) to Individuals

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January 6, 2021

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll...

29 Dec

Coronavirus Stimulus Bill, SBA

President Signs COVID-19 Relief Bill

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December 29, 2020

We sent information last week regarding the COVID-19 Assistance Package designed to provide relief from the coronavirus pandemic. On December 27, President Trump signed this bill into law. Here are a few of the...

28 Dec

Coronavirus Stimulus Bill, Federal Tax, SBA

COVID-19 Relief Bill Provisions

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December 28, 2020

On Dec. 27, President Trump signed a law that provides COVID-19 relief and makes consolidated government appropriations for the fiscal year. There are several tax provisions in the law. For example, eligible taxpayers can...

20 Nov

SBA

IRS Guidance on Expenses Paid by a Forgiven PPP Loan

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November 20, 2020

The Paycheck Protection Program (PPP) was created by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act to provide relief for small businesses impacted by the COVID-19 pandemic. There were questions, however, whether expenses...

16 Oct

Helpful COVID-19 Links, SBA

NJEDA Phase 3 COVID-19 Relief Grant Pre-Registration Opens October 19

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March 22, 2021

Business owners interested in applying to the New Jersey Economic Development Authority's (NJEDA) Phase 3 COVID-19 Grant Relief Program will need to pre-register to receive an application. Pre-registration begins on Monday, October 19 and...

14 Oct

Helpful COVID-19 Links, SBA

NJEDA Announces Phase 3 of COVID-19 Relief Grants

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March 22, 2021

The New Jersey Economic Development Authority (NJEDA) will roll out applications for $70 million of COVID-19 relief grants later this month for businesses affected by the coronavirus pandemic. Phase 3 expands eligibility and increases...

27 Sep

Federal Tax, SBA

PPP Loan Forgiveness Guidance

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September 24, 2020

The IRS announced that lenders who make Paycheck Protection Program (PPP) loans that are later forgiven under the CARES Act shouldn’t file information returns or furnish statements to report the forgiveness. Generally, the tax...

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