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 […]
Firm Update: Novel Coronavirus (2019-nCoV)
Your wellness, health & safety are our concern. With recent reports of the Novel Coronavirus (2019-nCoV) in Pennsylvania, we recognize the importance of pandemic preparedness and overall safety of our staff and clients at our offices. While pandemics are unpredictable in their timing and severity, there are a number of precautionary measures we can take to protect […]
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 […]
What you need to know about the PA 1099-K audit
Are you confident that your business is keeping good financial records for sales and Use tax? Perhaps you are worried about paying the right taxes when you should be? Our advice is to review how you are collecting, reporting and remitting your sales tax because the state is reviewing sales and Use tax through audits […]
These 2018 Laws Could Affect Your Business
New regulations and laws are constantly in flux. But it’s important to know what could be immediately impacting your business. Here are the 2018 laws that affect small business.
Gift CPAs WELCOMES HALLIGAN AND ROSARIO TO ITS TEAM
Mechanicsburg, PA — Gift CPAs, a leading small business accounting and advisory firm in Central Pennsylvania, is pleased to welcome Jeff Halligan, CPA, and Deanna Rosario to its team. Halligan, a graduate of Elizabethtown College, joins the firm as a senior accountant. In this role, he provides quality accounting services to small businesses and individuals […]