In times of great uncertainty, there is power in knowledge and preparation. In response to the coronavirus (COVID-19) outbreak throughout the United States and beyond, we’ve assembled industry experts to give you guidance and solutions to combat the ramifications on your business.
September 3, 2021 New Jersey Joins a Growing Number of States Rolling Back COVID Remote Working-Based Tax-Relief Measures
As a result of the COVID-19 pandemic, the New Jersey Division of Taxation temporarily waived an employer’s responsibility for withholding tax for teleworking employees. The state also relaxed its business presence rules. As of October 1, 2021, New Jersey will no longer grant relief in withholding.
An individual is subject to tax on all of their income by the state in which they are domiciled. Due to successful remote work over the course of the pandemic, workers are seeking to change their domicile to a more tax-friendly state.
On January 26, 2020, the City of Philadelphia (the “City”) released guidance announcing that employers would be able to file mass tax refund requests on behalf of their non-Philadelphia resident employees for the City’s requisite Wage Tax withholding.
February 9, 2021 Get to Know the New York Forward Loan Fund
The New York Forward Loan Fund (“NYFLF”) is an economic recovery program that administers affordable, non-forgivable working capital loans. The program makes loans of up to $100,000 available to New York small businesses, nonprofits and small landlords, as they reopen after the COVID-19 outbreak and New York State on PAUSE Executive Order.
November 12, 2020 What You Need to Know about State vs. State Telecommuting Rules During the Pandemic
As employees continue to work remotely through the COVID-19 pandemic, some states are concerned about potential lost tax revenue with respect to non-residents who normally live in a neighboring state, but work in the subject states.
April 21, 2020 State Tax Filling Guidance for Coronavirus Pandemic
States are providing tax filing relief for individuals and businesses. Here are the details for each individual state.
This chart, a work in progress, provides a summary of state activity relating to extended tax due dates. States are continually updating their information and the dates listed are subject to change. You can also access a summary of available small business relief through state and local programs.
April 14, 2020 Beyond PPP: Other Sources of Relief for NJ Businesses
In this article, we will explore a small business relief program available to New Jersey companies that may not have qualified for the Paycheck Protection Program (PPP) introduced in the CARES Act, because of the SBA’s existing rules on entity affiliation.
March 23, 2020 NYS Shared Work Program
Businesses operating in NYS may want to consider the Shared Work program to help retain trained staff and avoid layoffs in response to COVID-19. Employees can receive partial Unemployment Insurance benefits while working reduced hours. Full-time, part-time and seasonal employees are eligible.