Update as of May 26, 2021, Phase 4 of the NJEDA Grant Program will reopen with an additional $200 million to fulfill phase 4 grant applications. Small businesses and non-profits who did not pre-register back…

On May 19, the U.S. Small Business Administration (SBA) announced that they will stop accepting applications for the Restaurant Revitalization Fund grant program as of 8:00pm on Monday, May 24, 2021 (Eastern Time). Contact Us…

It’s hard to believe a little over a year ago the COVID 19 pandemic hit everyone. As things slowly turn back to normal, you need to be ready for the normalizing of the tax rules…

Last month, the American Rescue Plan Act designated $28.6 billion for restaurants and other food and beverage businesses as we work to recover from the COVID-19 pandemic. Just this week the SBA released the final…

While many businesses struggled through the pandemic, none more so than the restaurant industry. In an effort to aid these businesses, the Consolidated Appropriations Act introduced a 100% business meal deduction, formerly 50%. However, many…

The passage of the American Rescue Plan Act of 2021 set aside nearly $30 billion in funds to create the Restaurant Revitalization Fund (RRF). Since the food and beverage industry has been devastated by this…

NJ & PA personal returns now due May 17 Last week, the IRS and U.S. Treasury extended the federal income tax filing and 2020 payment deadline for individuals from April 15 to May 17. As…

A surprise tax break for 2020 was passed into law in March’s American Rescue Plan Act. It may impact your situation if you received unemployment income this past year. Background on Pandemic Related Unemployment Unemployment…