COVID-19 Tax News & Firm Updates

22 Dec

Looking for a 2022 Safety Net for Your Business? Act on EIDL Funding Before Year End

Posted by cgadmin
December 22, 2021

As the new year approaches, the future of the Build Back Better Act (BBBA) — and the strength of the economic recovery — remains uncertain. One thing that’s not uncertain when it comes to...

18 Aug

Coronavirus Healthcare, Helpful COVID-19 Links

New Executive Order Mandates COVID-19 Vaccinations or Testing for Certain Workers

Posted by cgadmin
August 18, 2021

New Jersey Governor Phil Murphy recently issued Executive Order 2521 mandating COVID-19 vaccination or testing requirements for workers in healthcare facilities or high-risk congregate environments. This executive order institutes the previously announced requirement that all...

11 Aug

Coronavirus Stimulus Bill, SBA, Tax

IRS Issues ERC Guidance as Congress Mulls Early Termination

Posted by cgadmin
August 12, 2021

The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19 pandemic. Notice 2021-49 addresses...

04 Aug

Coronavirus Healthcare, Employer, Helpful COVID-19 Links

Can Employers Use Health Records to Verify COVID-19 Vaccinations?

Posted by cgadmin
August 3, 2021

Many employers have asked employees to submit proof of a COVID-19 vaccination before returning to work in an office or other facility. According to the U.S. Equal Employment Opportunity Commission (EEOC), it’s permissible to...

14 Jul

Employer, Helpful COVID-19 Links

IRS Continues to Address COVID-Related Leave

Posted by cgadmin
July 12, 2021

The American Rescue Plan Act (ARPA), signed into law earlier this year, amended and extended the tax credits available to eligible employers that provide paid sick and family leave. This relief is consistent with...

18 Jun

Coronavirus Stimulus Bill, Federal Tax

IRS FAQs for ARPA’s Sick & Family Leave Credit

Posted by cgadmin
June 15, 2021

The IRS has released a series of FAQs regarding the American Rescue Plan Act’s (ARPA’s) sick and family leave credit. The ARPA extended and changed payroll tax credits for qualifying sick leave and family...

09 Jun

Employer, Helpful COVID-19 Links

EEOC Addresses Requiring and Incentivizing COVID-19 Vaccination

Posted by cgadmin
June 7, 2021

Vaccines for COVID-19 have been available for months now. As of this writing, about half of adults in the United States are fully vaccinated, and many more than that have had at least one...

07 Jun

Coronavirus & Nonprofits, Nonprofit

Making the Decision to Hire New Nonprofit Team Members

Posted by cgadmin
June 2, 2021

Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according to the U.S. Bureau of Labor Statistics. But that’s expected to change quickly as...

05 Jun

Coronavirus Stimulus Bill, Federal Tax

EIP Update

Posted by cgadmin
June 3, 2021

The IRS and the U.S. Department of the Treasury recently announced that an additional 1.8 million Economic Impact Payments (EIPs) have been disbursed under the American Rescue Plan Act (ARPA). So far under the...

28 May

Coronavirus Stimulus Bill, Individual Tax, Tax

Many Parents Will Receive Advance Tax Credit Payments Beginning July 15

Posted by cgadmin
May 26, 2021

Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will...

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