Nexus is defined as a relationship or connection between two or more parties. Tax laws use the term “nexus”...
June 30, 2021
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The U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), released the...June 17, 2021
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On Thursday, March 11, President Biden signed the American Rescue Plan Act of 2021 (“the Act”) into law. In...March 23, 2021
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On March 10, 2021, the U.S. House of Representatives passed a new stimulus bill of $1.9 trillion for COVID...March 11, 2021
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On March 1, the IRS issued Notice 2021-20 which provides guidance on how to treat wages that may be...March 5, 2021
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After the Federal government finally resolved the issue of the tax-deductibility of expenses paid using the proceeds of a...February 22, 2021
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In response to the COVID-19 pandemic, the IRS published Notice 2021-10 which aims to provide relief for Qualified Opportunity...February 17, 2021
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The New Jersey Economic Development Authority (NJEDA) recently announced the second phase of its Small Business Emergency Assistance Loan...February 2, 2021
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In December 2020, the Consolidated Appropriations Act 2021, a tax, funding and spending bill containing almost $900 billion in...February 1, 2021
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On December 27, 2020, President Trump signed the COVID-Related Tax Relief Act of 2020. The Act provides incentives for...January 27, 2021
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Download Presentation Questions? Ask a WG AdvisorJanuary 27, 2021
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New York State recently released Frequently Asked Questions regarding its conformity with various tax provisions under the federal Coronavirus...January 20, 2021
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The Consolidated Appropriations Act of 2021 (“CAA”) that was passed into law contains important changes to the Paycheck Protection...January 12, 2021
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The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (“TCDTRA”) that was passed on December 27, 2020 contains...January 11, 2021
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Download Presentation Questions? Ask a WG AdvisorJanuary 7, 2021
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On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (“CAA”) into law. The CAA contains both...January 4, 2021
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On Sunday evening, December 27, 2020, President Trump signed “H.R. 133 - The Consolidated Appropriations Act, 2021” (the Act)....December 28, 2020
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The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID Relief Bill yesterday. The Bill now goes...December 22, 2020
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The IRS recently released the 2020 version for Form 2555, Foreign Earned Income. This form is used by Americans...December 7, 2020
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After months of not addressing the nonresident withholding requirements for COVID-19 telecommuting, New York recently broke its silence by...December 1, 2020
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In an update to our previously released alert on this topic, Wednesday evening the Internal Revenue Service (IRS) released...November 20, 2020
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The SBA has previously stated that PPP Loans over $2 million, including affiliates, would be under much more scrutiny....November 11, 2020
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As the end of what seems to be the longest year approaches, many business owners and their trusted advisors...October 30, 2020
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Click here to start your PPP Loan Forgiveness Process Download Presentation...September 15, 2020
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As the pandemic continues to take its toll on most businesses, within the real estate industry, many property owners...September 2, 2020
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Several weeks ago President Trump signed an Executive Order permitting the deferral of the employee portion of certain payroll...September 1, 2020
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The New Jersey Redevelopment Authority (NJRA) has responded to the impact of the COVID-19 pandemic on the state economy...August 5, 2020
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For the thousands of individuals across the country who live, work, and interact with community associations, the past few...July 22, 2020
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The US Treasury Department recently released an updated version of the Loan Forgiveness Application, along with the Small Business...June 17, 2020
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The US Federal Reserve at long last launched its Main Street Lending Program on Monday after making numerous changes...June 16, 2020
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On June 5, 2020 President Trump signed the Paycheck Protection Program Flexibility Act (PPPF). This highly anticipated guidance provided...June 10, 2020
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Small businesses will likely now have more flexibility to use Paycheck Protection Program loans after the Senate unanimously approved...June 5, 2020
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The House of Representatives’ highly anticipated bill, the “Paycheck Protection Program Flexibility Act of 2020,” was passed by the...June 4, 2020
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The New Jersey Economic Development Authority (NJEDA) recently announced that applications for the expanded Small Business Emergency Assistance Grant...June 4, 2020
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Click here to start your PPP Loan Forgiveness Process Download Presentation...June 3, 2020
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At WilkinGuttenplan, a regional CPA advisory firm, we have worked side by side with our clients for over 35...June 3, 2020
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The Small Business Administration (SBA) has finally issued the long-awaited guidance on Paycheck Protection Program (PPP) loan forgiveness. This...May 29, 2020
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The defining characteristics of paycheck protection loans, created by the CARES Act, are also the most vexing. A paycheck...May 28, 2020
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Small businesses have waited—and waited. On Friday, the Small Business Administration and the Treasury finally released the PPP forgiveness application,...May 21, 2020
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The U.S. Small Business Administration (SBA) issued additional guidance on May 18, 2020, clarifying how employees of foreign affiliates...May 20, 2020
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On Friday May 15th, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the...May 19, 2020
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The first round of money authorized for paycheck protection loans - some $349 billion - lasted 13 days. The second...May 16, 2020
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The SBA issued guidance on April 14th regarding how a partner’s compensation should be calculated for PPP loans. Prior...May 15, 2020
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With the issuance of Frequently Asked Questions 31 and 37 a couple of weeks ago by the Small Business...May 14, 2020
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The Tax Cuts & Jobs Act (TCJA) enacted in 2017 amended the tax code to consolidate multiple categories of...May 13, 2020
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Back in mid-April, the most confusing part of the Paycheck Protection Program was navigating the process of getting a loan. Now business owners...May 8, 2020
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While the main focus of the CARES Act has been the PPP loans and the related forgiveness, the CARES...May 8, 2020
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Download Presentation Questions? Ask a WG AdvisorMay 6, 2020
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The CARES Act created a new forgivable loan program called the Paycheck Protection Program (PPP) to provide businesses with...May 5, 2020
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As we all know by now, various types of income tax returns, including Individual, Corporate, Partnership and Estate/Gift have...May 5, 2020
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Taxpayers fortunate enough to have received proceeds from a Paycheck Protection Program loan are now faced with determining how...May 2, 2020
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Amidst negative publicity from the media regarding publicly traded and other large companies receiving Paycheck Protection Program loans (PPP)...April 28, 2020
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The recently passed CARES Act contained a provision allowing employers to defer the payment of the employer’s share of...April 25, 2020
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On Tuesday, April 21st the Senate passed the Paycheck Protection Program and Health Care Enhancement Act (“PPP & HCE...April 22, 2020
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During these unprecedented times, there are many things that run through our minds. For an estate planner, it’s thinking...April 20, 2020
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Webinar Recording: Tax Provisions of the CARES Act Please fill out the form below to view the webinar recording...April 16, 2020
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The Small Business Administration issued guidance on April 14th for sole proprietors and independent contractors. The guidance addresses how...April 15, 2020
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The Small Business Administration issued additional guidance on April 14th, titled Interim Final Rule – Additional Eligibility Criteria and...April 15, 2020
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Webinar Recording: What's New With the PPP and Intro to the Main Street Lending Program Please fill out the form...April 15, 2020
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The State Senate and Assembly have both passed a new tax relief bill today to finally grant New Jersey...April 14, 2020
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Last week the IRS issued Notice 2020-18. Included in the relief provided by the Notice is an extension of...April 14, 2020
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Recent news and alerts surrounding the CARES stimulus package have focused primarily on the short-term cash needs of businesses...April 14, 2020
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The application window for the Small Business Emergency Assistance Loan Program which was previously announced by the NJ Economic...April 10, 2020
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Webinar Recording: Understanding the Paycheck Protection Program of the CARES Act Please fill out the form below to view the webinar...April 3, 2020
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Initial Applications can be found here*: Paycheck Protection Program COVID-19 Economic Injury Disaster loan * Note: While banks may not yet be...April 1, 2020
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Governor Murphy, Senate President Sweeney and Assembly Speaker Coughlin have officially announced the extension of the April 15th tax...April 1, 2020
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New York State has officially announced that its April 15th tax filing and payment deadline has been extended until...March 31, 2020
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While the CARES Act contains many provisions, one provision of great interest is the Paycheck Protection Program (“PPP”). Below...March 30, 2020
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This week* the CARES Act was approved by the Senate and is anticipated to be approved by the House...March 27, 2020
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The New Jersey Economic Development Authority (NJEDA) Board has approved a suite of new initiatives designed to support small...March 27, 2020
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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which provides a $2.2 trillion economic stimulus package to...March 26, 2020
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The highly anticipated Covid-19 economic stimulus bill, the CARES Act, was passed by the Senate late Wednesday evening. Joining...March 26, 2020
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For many the mandatory shut down of non-essential businesses has undoubtedly hindered business continuity. While re-establishing full business continuity...March 25, 2020
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Tax relief and related guidance are evolving just as quickly as the general news and guidelines surrounding the COVID-19...March 25, 2020
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Below is a list of 8 actions we believe real estate businesses should consider during this current crisis in...March 25, 2020
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Pennsylvania The Pennsylvania Department of Revenue recently announced that the deadline for taxpayers to file their 2019 Pennsylvania personal income...March 25, 2020
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Below is a list of 8 actions we believe business owners should evaluate during this current crisis in order...March 23, 2020
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Governor Murphy signed bill A3845 which authorizes the New Jersey Economic Development Authority (EDA) to issue grants during periods...March 23, 2020
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The Treasury Department has announced its intent to extend the tax return filing deadline from the original due date...March 20, 2020
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The Families First Coronavirus Response Act (FFCRA) is the second of three bills aimed at providing access to medical...March 20, 2020
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The uncertainty surrounding some key tax relief issues revealed by Treasury Secretary Steven Mnuchin yesterday have been addressed with...March 18, 2020
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Three states in the Northeast – Connecticut, Maryland, and Massachusetts – are among the first states to formally announce...March 18, 2020
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The New Jersey State Assembly has passed a bill to potentially provide tax relief to New Jersey taxpayers due...March 18, 2020
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We hope this message finds you safe and well. We would like to share an update on our current...March 18, 2020
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On Tuesday afternoon Treasury Secretary Steven Mnuchin announced the following tax payment relief: Individual taxpayers who owe less than...March 17, 2020
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New York City has announced two new financial assistance programs for small businesses located in the five boroughs of...March 17, 2020
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The New Jersey Business Action Center has created a resource page for businesses and individuals with guidance in a...March 16, 2020
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Many business owners are facing a lot of unknowns due to the COVID-19 worldwide state of emergency. With these...March 16, 2020
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The California Franchise Tax Board (FTB) announced on Friday that taxpayers affected by the COVID-19 pandemic will be granted...March 16, 2020
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Dear Friends and Clients: On behalf of all of us at WilkinGuttenplan, we hope this message finds you well. Like...March 13, 2020
