Coronavirus Tax Filing & Payment | Cg Tax, Audit & Advisory

12 Apr

Coronavirus Healthcare, Coronavirus Tax Filing & Payment, Federal Tax

2020 Premium Tax Credit Update

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April 12, 2021

The IRS recently suspended a requirement to repay excess advance payments of the 2020 Premium Tax Credit (PTC). The action is a result of the American Rescue Plan Act, which was enacted on March...

22 Mar

CG News, Coronavirus Tax Filing & Payment, COVID-19 Firm News

Important Update on Your 2020 New Jersey State Income Tax Return

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March 22, 2021

Even though New Jersey's tax deadline is extended (information below), it is still important to provide your Cg tax professional with your tax return documentation or any business-related information as soon as possible. Your...

18 Mar

CG News, Coronavirus Tax Filing & Payment, COVID-19 Firm News

Important Information Regarding Your 2020 Tax Return

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March 22, 2021

In light of recent developments from the IRS and Treasury Department, we want to convey to our clients the importance of providing your Cg tax professional with your tax return documentation or any business-related...

04 Mar

Coronavirus Tax Filing & Payment, Federal Tax

IRS Guidance on Employee Retention Credit

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March 4, 2021

In Notice 2021-20, the IRS provides guidance on claiming the employee retention tax credit for calendar quarters in 2020. The guidance clarifies details about the credit and describes retroactive changes made under a law...

04 Mar

CG News, Coronavirus Tax Filing & Payment, COVID-19 Firm News, Tax

ALERT: Anticipated Tax Filing Extenstions

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March 4, 2021

CPA firms across the country, including Cg, are experiencing challenges with meeting the tax filing deadlines for partnerships, corporations, and individuals due to new tax laws, economic relief considerations, and tax agency delays related...

24 Jan

Coronavirus Tax Filing & Payment, Federal Tax

Tax Relief for Certain Individuals, Trusts & Estates

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January 21, 2021

The IRS is providing tax relief that applies to certain individuals, trusts and estates. Specifically, the relief is from the tax penalty for estimated tax payments due before July 15, 2020, with respect to...

15 Dec

Coronavirus Tax Filing & Payment, Federal Tax

Recovery Rebate Credit

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December 14, 2020

Here’s good news for some people when they file their 2020 tax returns in 2021. A Recovery Rebate Credit is available to taxpayers who didn’t receive an Economic Impact Payment (EIP) in 2020. It’s...

03 Dec

Coronavirus Tax Filing & Payment, Employer

IRS Releases Final Instructions for Payroll Tax Form Related to COVID-19 Relief

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December 1, 2020

In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social Security tax. The IRS then significantly revised Form 941-X, “Adjusted Employer’s Quarterly Federal Tax...

12 Oct

Coronavirus Tax Filing & Payment, Employer, Helpful COVID-19 Links

Can Employers Provide Disaster Relief for COVID-19?

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October 12, 2020

Many employees have suffered financial hardships because of the COVID-19 pandemic. In response, some employers may consider offering financial assistance as a fringe benefit. A common question that arises regarding such an idea is:...

10 Oct

Coronavirus Tax Filing & Payment, Federal Tax

Extended EIP Registration Deadline

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October 7, 2020

Do you know someone who isn’t required to file a tax return and hasn’t yet received an Economic Impact Payment (EIP)? The IRS has announced that the deadline to register for an EIP is...

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