Many organizations have seen a significant downturn in their operations due to the pandemic and the money that the federal government has made available to them under the CARES Act has been a significant economic boost to help mitigate these downturns. While the SBA...
Employee Retention Tax Credit (ERC) Updates
Q&A on Healthcare Worker Bonus Program: Early Intervention Providers
Q&A on Healthcare Worker Bonus Program: Education Providers
Healthcare Worker Bonus – Education & Early Intervention
Delays of Pandemic Relief for Businesses Continue
Due to delays at the Internal Revenue Service, businesses and organizations are still waiting for the pandemic relief that was promised during the COVID-19 outbreak. Many of them need this money to keep their doors open and employees paid. According to a report issued late last month (link here), the IRS is behind in processing claims for Sick and Family leave Credits and Employee Retention Tax Credit (“ERTC”) for as much as 12 months, while other claims for such things as Social Security Tax Deferral have been delayed for some 16 months.
Q&A on Healthcare Worker Bonus Program
NYS Unemployment Interest Assessment Surcharge Imposed for 2022
The New York State Department of Labor (DOL) has begun to mail out notices to employers in July 2022 called an Interest Assessment Surcharge (IAS), which will be used to cover the interest on these loans.
NYS COVID-19 Capital Costs Tax Credit Program
As part of the 2022-23 NYS Budget NYS included a new $250 million program called the “COVID-19 Capital Costs Tax Credit Program” designed to assist small businesses who incurred costs as part their response to the COVID-19 Pandemic. Details of this program were finally made clearer on June 28, 2022.
Universal Free Lunch Expires June 30, 2022
2022 WORKSPACE TRENDS
Public Schools: In the News
Mar 29, 2021
Vaccination Reporting: On February 26, 2021, Gov. Cuomo issued Executive Order 202.96, which repealed the requirement for school districts to report vaccination data for teachers. Since local health departments have this data, they will be required to report to the...
Guest Article: WHERE STORIES, DONATIONS, AND QUARANTINE LIFE MEET
Feb 18, 2021
If I told you to hire my company, you would look at what we do and make a decision but if we told you the full story of our background you would learn more of the heart and soul of our product or service. This is so important today, to so many people, more than ever....
COVID Pivot
Feb 5, 2021
2020 will go down in history as the year the world was put on pause. The Coronavirus pandemic changed the way we live, the way we recreate, the way we do business, and the way we socialize. For many businesses, it was a death knoll, and even with some level of PPP and...
“Additional Coronavirus Response and Relief” Package – Stimulus for Businesses and Nonprofits
Jan 7, 2021
Included in the recently passed and signed 2021 annual appropriations bill was a myriad of various COVID-19 stimulus and relief provisions.
Guest Article: Cybersecurity for your School
Dec 4, 2020
With the COVID pandemic, everyone has been forced to operate more remotely and this is even more prevalent in schools where remote learning is a standard, as parents are afraid to send their children to physical buildings or governmental regulations have prohibited in...
Increasing Use of Telehealth for Healthcare Providers
Nov 30, 2020
Telehealth, although more than 15 years old, has gained a tremendous level of support due to the Coronavirus pandemic.
New CFR Claiming Manual and Software
Nov 30, 2020
In case you didn’t hear, the new CFR claiming manual and related software have been released. This is for CFRs for the year ended June 30, 2020. The NYS-issued CFR software is available for download on the CFRS Home Page. Due to the late release of the CFR software,...
IRS Issues Crucial New Guidance on Deduction of PPP Expenses
Nov 19, 2020
Following up on Notice 2020-32 issued in May 2020, the IRS has released Revenue Ruling 2020-27 & Revenue Procedure 2050-51 to provide guidance to taxpayers in relation to deductions for expenses covered by the Paycheck Protection Program (PPP) loans.