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March 2020
The new COVID-19 law provides businesses with more relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers.
CARES Act- Business Loan Provisions
We have outlined details of two loan programs provided for the CARES Act below. Note that this program w
President Trump Signs the CARES Act - Provisions Affecting Individuals
On Friday, March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security (CARES) Act into law. It is one of the largest pieces of “recovery l
President Trump Signs the CARES Act - Provisions Affecting Businesses
On Friday, March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security (CARES) Act into law. It is one of the largest pieces of “recovery l
How to use visual aids in financial reporting
Thanks to the Internet and social media, we’re bombarded daily with all kinds of information.
PA COVID-19 Working Capital Access Program
On March 25, 2020, Governor Tom Wolf announced new funding available to small businesses impacted by the novel coronavirus, COVID-19.
What COVID-19 legislation means for nonprofits and their staffers
Whether your not-for-profit is newly deluged with demand for services or you’ve closed doors temporarily, it’s important to keep up with legislation responding to the
SBA offering loans to small businesses hit hard by COVID-19
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19).
Individuals get coronavirus (COVID-19) tax and other relief
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic.
Coronavirus (COVID-19): Tax relief for small businesses
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief.
The Families First Coronavirus Emergency Response Act made Law
The Families First Coronavirus Emergency Response Act made Law- Providing emergency sick leave and family medical leave and allowing for tax credits to employe
Auditing revenue
Traditionally, audit procedures for private companies tend to focus on the balance sheet.
Treasury Secretary Mnuchin Tweets Change to IRS Notice 2020-17-- Delays Filing Due Date
Earlier today, March 20, 2020, Treasury Secretary Mnuchin “tweeted” that the IRS is moving Tax Day from April 15, 2020 to July 15, 2020. This will postpone the indivi
Clearing the cobwebs from your nonprofit’s program offerings
It’s all too easy to let not-for-profit programs that have outlived their effectiveness to continue, even as they consume budget resources.
IRS Issues Notice 2020-17 Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
On Wednesday, March 18, 2020, the Internal Revenue Service issued Notice 2020-17 that outlines the tax payment relief due to the ongoing Coronavirus pandemic. The Not
The difference between a mission statement and a vision statement
Many business owners put off writing a mission statement. Who has time to write down why you’re in business when you’re busy trying to run one!
Why you should keep life insurance out of your estate
If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in you
Small business owners still have time to set up a SEP plan for last year
Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan?
COVID-19 Update
To all clients and business associates,
Beware: Coronavirus may affect financial reporting
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns.
Marketing is a game of adjustments
In business, a failure to evolve may lead to failure.
The 2019 gift tax return deadline is coming up
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return.
Determine a reasonable salary for a corporate business owner
If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as d
Lease or buy? Changes to accounting rules may change your mind
The rules for reporting leasing transactions are changing.
Matching gifts double the impact of donors’ contributions
A majority of large U.S. companies offer matching gift programs to boost the impact of their employees’ charitable gifts.
How’s your buy-sell agreement doing these days?
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a liability policy.
Home is where the tax breaks might be
If you own a home, the interest you pay on your home mortgage may provide a tax break.
Work Opportunity Tax Credit extended through 2020
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups.
