Helpful COVID-19 Links | Cg Tax, Audit & Advisory

20 Jan

How the New COVID-19 Relief Law Affects Retirement Benefits

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January 18, 2021

The Consolidated Appropriations Act (CAA) includes a wide variety of provisions that address the ongoing economic hardships caused by the COVID-19 pandemic. There are so many provisions, in fact, that you may find it...

10 Jan

Federal Tax, Helpful COVID-19 Links

Info on Second Round of EIPs

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January 8, 2021

As the second round of economic impact payments (EIPs) rolls out, eligible taxpayers may be able to help speed up the process. The IRS has updated its “Get My Payment” tool, which answers questions...

02 Dec

Federal Tax, Helpful COVID-19 Links

Guidance on Interaction of Employer Retention Credit

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December 1, 2020

The IRS has offered clarification on the interaction of the COVID-19-related Employer Retention Credit (ERC) in acquisitions. Under the law, if an employer receives a Paycheck Protection Program (PPP) loan, it may not receive...

24 Nov

Federal Tax, Helpful COVID-19 Links

Vacation Buy Back

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November 24, 2020

How should employers treat “vacation buy back” for tax withholding purposes? Some companies are offering employees the option of “cashing in” accrued vacation time because many are working remotely due to COVID-19. For payroll...

16 Nov

COVID-19 Firm News, Helpful COVID-19 Links

HealthChampion Provides Workplace Protection & COVID-19 Screening

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November 16, 2020

Governor Murphy recently signed Executive Order No. 192 providing mandatory health and safety standards to protect all New Jersey employees at work during the COVID-19 pandemic. We want to let you know about an app...

09 Nov

Federal Tax, Helpful COVID-19 Links

Watch Out for EIP Scam

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November 9, 2020

Beware: A new tax scam tricks people into disclosing bank account information under the guise of receiving a $1,200 Economic Impact Payment (EIP). “Criminals are relentlessly using COVID-19 and as cover to try...

04 Nov

Federal Tax, Helpful COVID-19 Links

Certain EIP Recipients Eligible for Extra Money

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November 3, 2020

Certain recipients of Economic Impact Payments (EIPs) may be eligible for extra money. Federal beneficiaries who received an EIP but didn’t register for a $500 supplemental payment per qualifying child may still sign up...

02 Nov

Business, Helpful COVID-19 Links

Now More Than Ever, Carefully Track Payroll Records

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October 29, 2020

The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off,...

26 Oct

Business, Helpful COVID-19 Links

Inventory Management is Especially Important This Year

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October 22, 2020

As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements, but also looking back on the entire year’s financials. And what a year it’s been. The COVID-19...

22 Oct

Helpful COVID-19 Links, Tax

Unusual Year Steers Year-End Tax Strategies

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October 22, 2020

Like so many things this year, the recommended practices for your annual end-of-the-year tax planning reflect the COVID-19 pandemic and its far-flung effects. The economic impact, as well as federal relief packages like the...

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