Making Long-Term Decisions About Working From Home

It can be a tough scenario to confront: First you sent your employees home to work remotely due to the COVID-19 pandemic. Now they want to stay there permanently. Should you allow employees to work from home more than they have in the past? Or do you think “This just isn’t working” for one or…

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Federal Tax News

1. The deadline for the third 2021 estimated tax payment is coming up on September 15. Changes in the economy brought by COVID-19 include a new crop of self-employed persons, such as gig-economy workers. Like most people with income that isn’t subject to withholding, these workers may need to make estimated tax payments for the first…

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Deadline Coming: Follow Up on Your PPP Loans

Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging $67,000. The PPP program stopped accepting loan applications on May 31, 2021. However, you still may need to complete the requisite…

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CMFO Roundtable – The American Rescue Plan Act of 2021

On Friday, June 11, our Managing Partner, Bud Jones, hosted a virtual CMFO Roundtable. We welcomed two presenters from NW Financial Group, LLC, Heather Litzebauer and Daniel Banker, along with our Partner, John Mooney, who discussed the many implications of the American Rescue Plan Act of 2021.  

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School Business Administrator (SBA) Roundtable Webinar Recording

On Wednesday, May 19, Nisivoccia hosted an SBA Roundtable Discussion. Kathi Mantell, Valerie Dolan, and Caitlin Jannucci of Nisivoccia presented and moderated the discussion topics. Cheryl Schneider, School Business Administrator for Millburn Township Public Schools, also joined us on the panel. The discussion topic focused on Projecting Year-End Surplus and Establishing Various Reserves. Watch and…

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CMFO Roundtable Sick Leave & Vacation Pay and the Diane B. Allen Equal Pay Act

On Tuesday, May 11, 2021, Managing Partner at Nisivoccia, Bud Jones, hosted a Virtual CMFO Roundtable discussion. Jon Rheinhardt, Borough of Wharton, and John Mooney, Partner at Nisivoccia, also helped to host and moderate the discussion. Our discussion topics included Sick Leave and Vacation Pay, presented by Steve Trimboli, Esq. of Trimboli & Prusinowski, and…

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NJEDA Opens Pre-registration for Phase 4 of Small Business Relief

The New Jersey Economic Development Authority (NJEDA) announced Phase 4 of the Authority’s Small Business Emergency Assistance Grant Program on Wednesday, April 14, adding $85 million in funds from the CARES Act. Phase 4 will provide grants up to $20,000 to New Jersey small and medium sized businesses and non-profits that have been negatively impacted…

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Updates to the Employee Retention Tax Credit

tax credits

Below you will find a summary outlining the three Acts impacting the Employee Retention Credit (ERC), including the most recent changes implemented by the American Rescue Plan Act of 2021. The Coronavirus Aid, Relief, and Economic Security Act (CARES) enacted on March 27, 2020 provides an Employee Retention Credit to employers to keep their employees on payroll. An eligible…

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Assessed Value vs. Equalized Value

Since we are moving rapidly into the height of municipal budget season, it seemed like a good time to discuss some terms relating to property assessments that can be confusing to some people. Hopefully, we can clear up some of this confusion. Let me begin by stating that I do not profess to be a…

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PPP Deadline Extension plus Other Program Updates

The PPP Extension Act of 2021 has been formally signed by President Biden, which extends the Paycheck Protection Program through May 31, 2021. The program, originally scheduled to expire on March 31, 2021, will continue accepting applications until May 31, 2021. We would like to note that May 31, 2021 is Monday, Memorial day so applications…

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