COVID-19 Archives

The New Jersey Division of Taxation (the Division) recently announced that it will be lifting the temporary nexus rules that…

The Internal Revenue Service (IRS) has recently issued Notice 2021-49 which provides some answers to questions that have been raised…

Nexus is defined as a relationship or connection between two or more parties. Tax laws use the term “nexus” to…

The U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), released the revised…

On Thursday, March 11, President Biden signed the American Rescue Plan Act of 2021 (“the Act”) into law. In addition…

COVID-19

On March 10, 2021, the U.S. House of Representatives passed a new stimulus bill of $1.9 trillion for COVID relief.…

On March 1, the IRS issued Notice 2021-20 which provides guidance on how to treat wages that may be eligible…

After the Federal government finally resolved the issue of the tax-deductibility of expenses paid using the proceeds of a forgiven…

Len NittiFebruary 22, 2021

In response to the COVID-19 pandemic, the IRS published Notice 2021-10 which aims to provide relief for Qualified Opportunity Funds…

Jenna SanfilippoFebruary 17, 2021

The New Jersey Economic Development Authority (NJEDA) recently announced the second phase of its Small Business Emergency Assistance Loan Program,…

Meg ChesleyFebruary 2, 2021

COVID-19