Stabilize Your Business
Just days after small businesses began applying for Paycheck Protection Program loans, the Treasury and lawmakers are pushing for an additional $250 billion to be added to the $349 billion allocated to the program under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
The Treasury released a new FAQ last night that clarifies certain areas of the Paycheck Protection Program (PPP) under Section 1102 of the Coronavirus Aid, Relief and Economic Security (CARES) Act
As the national conversation about COVID-19 relief continues to take center stage, New Jersey businesses, nonprofits, employees and residents should not overlook the relief and changes happening right here in the Garden State.
Insights by Industry
Join Grassi Healthcare Advisors on Wednesday, April 29 for a live webinar to discuss COVID-19 response plans and best practices.
Join professionals from Grassi Healthcare Advisors and Moustakas Nelson LLC on Thursday, April 9 at 3:00 p.m. for a look into Telehealth Services and best practices for integrating them into your practice in the middle of a global pandemic.
Governor Murphy announced this afternoon that he will be signing an Executive Order to ban all non-essential construction projects in New Jersey as of 8:00 p.m. on Friday, April 10, 2020
On top of the tax relief included in the Coronavirus Aid, Relief and Economic Security Act, employers can receive additional tax savings under IRC Section 139 for disaster relief payments made to employees during times of crisis. This often overlooked section of the tax code extends to many COVID-19 reimbursable expenses, such as work-from-home, dependent care and medical expenses not covered by insurance.
In addition to the Treasury’s decision to defer federal tax filing and payment deadlines from April 15 to July 15, 2020, states are beginning to announce their own taxpayer relief for individual and business taxpayers.
The IRS has released Notice 2020-18, clarifying Treasury Secretary Mnuchin's announcement yesterday on the federal tax deadline delay.