Retirement Plan Audits: When do I need one?

With the passing of the October 15th deadline, tax season has finally ended. October 15th is not just the extended deadline for taxes to be filled. It is also the extended deadline for Form 5500 to be

November 17, 2020

Employee Compensation: To tax or not to tax?

When it comes to the various types of employee compensation, small business employers may find it difficult to determine what to tax and what not to tax on their employees’ paychecks. While everyone knows that compensation in

November 17, 2020

Biden’s Tax Plan

With the election occurring a few weeks ago, there are many aspects that everyone should consider. His new tax plan is likely to come in the wake of Democratic candidate Joe Biden's win. The proposed changes can be

November 17, 2020

PPP Forgiveness Application Update: Loans of $50,000 & Less

On Thursday, October 8, 2020, SBA announced that small businesses with Paycheck Protection loans of $50,000 or less can now use a streamlined application to apply for their loan forgiveness. This news comes as a bit of a

October 9, 2020

PA Small Businesses of 25 employees or Less: COVID-19 Assistance Program Available Now

Pennsylvania has now opened the first application window for the "COVID-10 Relief Pennsylvania Statewide Small Business Assistance Program" which will provide $225 million in grants ranging from $5,000 to $50,000 to small businesses that have been economically

July 2, 2020