Newburg Update for 4/22/2020 – TIR 20-5: MA Tax Implications of an Employee Working Remotely due to COVID-19 Pandemic
Massachusetts has issued a technical information release on tax implications for different aspects of employees working from home. The rules being adopted are for the time period beginning March [...]
Your Legacy: Charitable Giving is Vital During the COVID-19 Crisis
The novel coronavirus (COVID-19) pandemic and the resulting economic fallout is dealing a crushing blow to charitable organizations. Indeed, during a time when food banks, disaster relief and other [...]
Newburg Update for 4/16/2020 – Status of Your Stimulus Payment
Want to know the status of your Stimulus Payment? If you have not received your Stimulus Payment yet, you might be wondering when you will receive it. You are [...]
Newburg Update for 4/9/2020 – EFML and EPSL Update
Updates on Furloughed Employees and Closed Worksites - Disaster Relief Payments to Employees - Benefits of Section 139 The FAQ guidance makes it clear that employees who are furloughed are not [...]
Newburg Updated 4/4/20 – EIDL EMERGENCY ADVANCE (up to $10,000)
We continue to keep a daily pulse on the evolving nature of the two primary SBA programs targeted to helping small businesses impacted by the COVID-19 pandemic; EIDL (Economic [...]
Newburg Update – 03.28.2020
House Passes and President Signs CARES Act Late Friday afternoon, the House passed and the President signed into law the CARES Act, a $2 trillion stimulus package that provides [...]
SBA Loans and Forgiveness under the new Stimulus Program (CARES)
Stimulus SBA Loan and Forgiveness Program ("Paycheck Protection Program") As part of the new stimulus package making its way to the House and President for signature this Friday, $349 billion [...]
NEWBURG Update for 03.26.2020
National News The White House and Senate leaders agreed on the highly anticipated $2 trillion dollar massive stimulus package Coronavirus Aid, Relief and Economic Security (CARES). The proposed legislation will [...]
Employment Options for Employers in Response to COVID-19
Many clients have been asking the best way to handle changes in employees' (employment) status, with respect to the impact of the COVID-19 pandemic. Below is an outline, from [...]
Update to Treasury Deadline and Clarification on Paid Family Leave
Update on the Federal 90-Day Waiver of Penalties and Interest on Tax Payments Back on March 17, 2020 Treasury Secretary Mnuchin announced a 90-day grace period on the payment [...]