unemployment

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Executive Order for the extension of federal unemployment benefits ($400 per week)

On Saturday, President Trump signed an executive order aimed at partially extending the $600 per week federal unemployment benefits that expired in July as part of the CARES Act. The Federal unemployment will be $400, which is funded from the nation's Disaster Relief Fund (44 billions). The executive order also established that 75% will be covered

By |2021-01-05T10:56:20+00:00August 11th, 2020|Categories: Individuals|Tags: , , , , |

Receiving unemployment? Careful of the tax bill (Unemployment is taxable!)

We have been informing some of our client to be aware that unemployment is taxable. Otherwise, you can get an unpleasant surprise in next year's taxes. Any State or Federal unemployment received will be taxable and you should received a 1099 - G (Certain Government Payments) tax form in the mail. You will owe taxes

By |2021-01-05T11:14:14+00:00August 4th, 2020|Categories: Individuals|Tags: , , |

NJDOL step by step document – Filing for unemployment for the self-employed (State of NJ)

Please, find attached a New Jersey Department of Labor (NJDOL ) step by step document - Filing for unemployment for the self-employed (State of NJ) UI_process_selfemployed final

By |2021-01-05T11:41:18+00:00April 26th, 2020|Categories: Financial Education|Tags: , |

Federal Unemployment – Pandemic Unemployment Compensation (PUC)

The PUA/ PUC are applicable to independent contractors, self employed, employees that would not qualify for regular state unemployment, etc. They have to file with the State Unemployment and they will get rejected. They will need to keep the document of this rejection in other to apply to the PUA, PUC or similar program once

By |2021-01-05T11:43:03+00:00April 11th, 2020|Categories: Individuals|Tags: , , |
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