(Construction Dive) 22 states to end federal COVID-19 unemployment benefits. Learn more.

(Office of the Governor) Governor Murphy announces updated guidance for businesses, non-profits, and indoor workplaces. Beginning Friday, June 4th, 2021, businesses, and non-profits will no longer be required to accommodate remote work arrangements or be required to reduce on-site staff to the minimal number necessary. Also, at indoor worksites closed to the public, employers may allow employees who can verify they are vaccinated to not wear a face mask and social distance. Learn more.

(SBA.gov) SBA launches $100M Community Navigator Pilot Program. $100 million competitive grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan. Learn more.

(State of New Jersey) Pre-registration for Phase 4 grants reopen. Phase 4 of the Small Business Emergency Assistance Grant Program provides grants up to $20,000 to small- and medium-sized businesses and nonprofits that have been negatively impacted by the COVID-19 pandemic. Pre-registration has reopened for business owners who did not pre-register in April. Businesses that have already applied for Phase 4 funding can check their application status at programs.njeda.com. Pre-registration for Phase 4 will be open until June 30th, 2021. Apply now.

(State of New Jersey) Sell your net operating loss and R&D tax credits for cash. The Net Operating Loss (NOL) Program enables early-stage technology and life sciences companies to sell their New Jersey net operating losses and unused research and development (R&D) tax credits to unrelated profitable corporations for cash. Capital raised through this program can be used for costs including, but not limited to fixed asset purchases; construction, acquisition, and development of real estate; materials; tenant fit-out; working capital; salaries; and R&D expenditures. The New Jersey Economic Development Authority is accepting applications online through June 30th, 2021. Apply today.

(Tax Foundation) How does your state treat social security income? Thirteen states tax Social Security benefits, a matter of significant interest to retirees. Each of these states has its own approach to determining what share of benefits is subject to tax, though these provisions can be grouped together into a few broad categories. Today’s map illustrates these approaches. Learn more.

(Small Business Today) 6 Reasons why you should hire your child. Read more.

This is the hub, updated twice a month, for the metrics that matter most to the commercial construction market. Read more.

(REUTERS) U.S. home prices rose more than expected in March - S&P Case-Shiller. The S&P/Case Shiller composite index of 20 metropolitan areas gained 13.3% through the 12 months ended in March on a seasonally adjusted basis, the largest annual price increase since December 2013. A Reuters poll of economists had forecast a 12.3% increase. Read more.

(The Motley Fool) New construction homes are being sold for less than existing homes. An odd trend has emerged in March's housing data. The median price of a new construction home that sold in March was $330,800, while the median price of an existing home that sold that month was $334,500. Meanwhile, the cost of lumber and other common building materials has risen, making new construction an even more costly prospect these days. Learn more.

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Feel free to contact any member of our team at (610) 828-1900 (PA) or (732) 341-3893 (NJ) with questions. Rich Higgins, CPA, managing principal – New Jersey office can be contacted at Richard.Higgins@McCarthy.CPA. I can be reached at Marty.McCarthy@McCarthy.CPA. As always, we are happy to help.