Business Survival Guide for COVID-19 Outbreak
We are facing uncertain times… COVID-19 is forcing all businesses to adjust in a multitude of ways. Many business owners are rightfully concerned what this means for their companies as they navigate this unprecedented period. Our mission is to help you thrive. Consider the provisions listed below to protect your business, employees, and financial future. […]
COVID-19 Program Updates
We hope that everyone is staying safe and healthy through this difficult and challenging time. We continue to service everyone either from our homes or, for a few of us, our offices. The COVID-19 health crisis is now in its third week and Paycheck Protection Program (PPP) applications are moving at a hectic pace. We are […]
Are You Applying for the Paycheck Protection Program (PPP)?
The Paycheck Protection Program (PPP) application process will roll out in two phases, one week apart. As a reminder: On April 3, 2020, small businesses and sole proprietorships can begin applying for these loans through their SBA lender. NOTE: At 12:01 AM, on April 3, the SBA website will go live to accept PPP applications. It is vital to submit your […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic. While the focus of the legislation is not tax, a large number of tax provisions […]
Small Business Exemption, SBA Funding, PA Tax Deadline Extended
Updated Coronavirus Information Thank you for your patience as we adapt to these fast changing and challenging times. We’d like to update you on a few items from our last communication. Emergency Paid Sick Leave Act and the Emergency Family Medical Leave Act – Small Business Exemption The legislation passed by Congress and signed by the […]
COVID-19 Update: What Employers Need to Know
What employers need to know: Emergency Paid Sick Leave Act and the Emergency Family, Medical Leave Act, Updated Dates for Tax Filings and Gift Offices Update Emergency Paid Sick Leave Act The Act requires that employers with 500 or fewer employees (used to be 50 or more) provide paid sick leave to all employees for any […]
New Rules Affect Retirement Plans
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 […]
Outsourced Accounting: More time, less cost
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 […]
IRS Releases New W-4 Form & Tax Withholding Estimator
After much anticipation, the IRS debuted the new 2020 Form W-4 in December 2019. The form has been completely revamped as a result of the 2018 Tax Cuts & Jobs Act (TCJA). The redesigned form is intended to simplify a potentially complicated process and assist employees in making accurate determinations on federal tax withholding. Since 2018 was the first–year taxpayers were impacted by the […]
Financial Reporting: How Segmentation Can Grow Your Business
It can show more than just your profits. While every business owner should be familiar with the basic financial statements, including your balance sheet and cash flow statement, you can also use these statements to help guide your strategy. The income statement, also known as your profit and loss statement, can tell you much more […]