Over the past 12 months, the federal government has enacted four major relief bills to mitigate the financial and economic disruption of COVID-19. The most recent act, the American Rescue…
What Does the American Rescue Plan Mean for Your 2020 Tax Return?
The $1.9 trillion American Rescue Plan Act, signed into law by President Biden on March 11, 2021, contains significant aid for families, individuals, small businesses, farmers, state and local governments,…
What is a Decennial Report and Why Must I File One in Pennsylvania?
Just as the census tallies the U.S. population every decade, Pennsylvania takes stock of existing businesses through a decennial report. According to state law, decennial reports are requested every 10…
Economic Impact Stimulus Payments Round Two: Frequently Asked Questions
Another round of direct payments was among the central components of the relief legislation signed into law on December 27, 2020. In contrast to the first round of stimulus payments,…
Cash Balance Plans: The Retirement Strategy That Can Drive Big Tax Savings for Small Business Owners
Pensions, IRAs and 401(k)s are familiar concepts to business owners, yet there is another, lesser-known retirement savings strategy that can result in significant tax savings for certain small business owners….
