Jason Vathis, CPA, CFP, brings over 26 years of experience in public accounting and financial planning. As both a Certified Public Accountant and Certified Financial Planner, Jason offers a strategic, well-rounded approach to tax and financial advisory services. He currently serves as CEO of Gift CPAs, having worked his way up through the firm, and is a Leadership Harrisburg graduate. Jason’s expertise and leadership have earned him recognition as a Simply the Best award winner by the Carlisle Sentinel.
The Employee Retention Credit The Employee Retention Credit (ERC) was created as part of the stimulus bill, under the Cares Act, that was signed into law on March 27, 2020. This law allowed employers to take the credit against employment taxes for qualifying wages paid March 13, 2020, through December 31, 2020. Under this original …
Last week, President Biden signed the American Rescue Plan Act into law. The bill includes many provisions that have major tax impacts on 2020 and 2021 tax returns. To make sure our clients get the maximum tax benefits they are entitled to, we are holding off the completion of any returns that are impacted by …
Whether it’s your first time filing taxes for your business this year or your tenth, being prepared for tax season and keeping your documents organized will save you time and make the process go smoothly. Unsure of what documents you even need in order to file your taxes? We’ve got you covered. We’re breaking down …
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How to prepare your financial records for future economic recovery grants While the application period for the Paycheck Protection Program (PPP) closed on August 8, with no clear end to the COVID-19 pandemic in sight, small businesses should be preparing for the possibility of future COVID relief opportunities now. Congress has been negotiating what a …
As a recipient of a Paycheck Protection Program loan, we want to remind you of program rules— especially in relation to maximizing loan forgiveness. Regulations and guidance from the government have evolved and we will continue to keep you updated on changes moving forward. General rules Borrowers are eligible for loan forgiveness equal to the …
As we continue to monitor updates to the recent legislation in Washington, we learn just how quickly things can change. This morning we learned that the U.S. Small Business Administration’s Massachusetts District Office announced that, nationwide, the SBA has decided to implement a $1000 cap per employee on the EIDL Advance, up to a maximum …
Lots of tax changes are coming your way for next year’s tax returns. As part of the Consolidated Appropriations Bill signed into law on Dec. 20, 2019, Congress formalized several tax extenders as well as some repeals on taxes related to the Patient Protection and Affordable Care Act. Each of these could affect your tax …
If you offer a 401(k), have part-time employees, or would benefit from a multiple-employer retirement plan, listen up: new rules have gone into effect that can change your benefits. The SECURE Act As part of an appropriations bill signed on Dec. 20, 2019, the Setting Every Community Up for Retirement Act (SECURE Act) includes many …
Taxes are never simple. If you are a nonprofit working to understand the tax laws and make sure all the right paperwork is completed, we’re here to walk you through some details to navigate nonprofit tax regulations. Nonprofit vs. For-Profit Taxes Tax regulations vary depending on the type of organization involved. For-profit companies, regardless …
A new year, a new way to relieve stress. And save time and money! That’s the best kind of New Year’s resolution, we think. Now is a great time to conduct a clean-up of your finances. Tackling this can result in increased business efficiency and performance. You can achieve this fresh start and get to …
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