Coronavirus Updates

Employee Retention Tax Credit (ERC) Updates

Enacted as part of the CARES Act in April 2020 and expanded as part of the Taxpayer Certainty and Disaster Tax Relief Act, American Rescue Plan Act (ARPA) and the Infrastructure Investment and Jobs Act, the Employee Retention Tax Credit (ERC or ERTC) has been a...

Q&A on Healthcare Worker Bonus Program: Early Intervention Providers

This webinar is for Early Interventsion Providers. Deadline is October 31st for Vesting Period 1 and 2. **Information as of 10/11/22** Ken Cerini, Managing Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus in regards to EI Providers...

Q&A on Healthcare Worker Bonus Program: Education Providers

This webinar is for Education Providers. Deadline is October 31st for Vesting Period 1 and 2. **Information as of 10/11/22** Ken Cerini, Managing Partner and Shari Diamond, Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus in...

Healthcare Worker Bonus – Education & Early Intervention

When the Healthcare Worker Bonus (HWB) program was unveiled in August, educational organizations were included in the list of eligible employers, but with little clarification as to which ones or who would be covered. At the end of August, a memo was distributed by...

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

*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...

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

Once the pandemic started in March 2020, schools received a waiver allowing them to serve free meals to all students in the district. The benefit was huge. Now that the pandemic seems to be on its way out, this waiver is set to go away on June 30, 2022. With that in...

2022 WORKSPACE TRENDS

As we enter 2022, we continue to see a shift in the physical workplace and what the future of offices will be. Here are some trends we are seeing as we enter into 2022: Downsizing: Going by the average, a standard office lease for a nonprofit in the USA will be around...
New York Forward Child Care Incentive

New York Forward Child Care Incentive

In case you missed it, the Office of Child and Family Services (“OCFS”) has made available $48.6 million in the third installment of the federal CARES funding to support child care programs and the families who need child care services.

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ZOOM Best Practices

ZOOM Best Practices

Zoom has been around for some time but with the need to work virtually, using this application has provided an effective way to communicate both in the corporate and education sector. Unfortunately, some lax security practices allowed intruders to intercept the video meetings, often inserting offensive and obscene content, creating a new phrase “zoombombers.”

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HHS Announced Phase 3 of General Distribution Funding

HHS Announced Phase 3 of General Distribution Funding

As part of the ongoing efforts to assist healthcare providers, the Department of Health and Human Services (HHS) announced on October 1st, 2020 the “Phase 3” of the Provider Relief Fund. Phase 3 releases another $20 Billion of HHS Stimulus funding for providers to...

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HHS Provider Relief Fund Reporting Update

HHS Provider Relief Fund Reporting Update

Pursuant to the CARES Act passed in March 2020 and augmented by the Health Care Enhancement Act, the department of Health and Human Services (HHS) made certain relief funding available to healthcare providers to assist in response to the COVID-19 Pandemic and the to...

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Automating your Business Functions

Automating your Business Functions

2020 has been a relentless year of change so far for businesses across all industries. The abrupt “pause” in March experienced by New York businesses was rather disruptive, as no one expected a once in a century pandemic to shutdown day-to-day life not just locally...

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