Updated: 5/19/20 Please be aware that the Small Business Administration (SBA) has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for the application, available here. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). …
BUSINESS IMPACTS AND SUPPORT Q: I believe my business may qualify for support through the CARES Act. What should I do first? A: While some details are still being finalized, you can review various loan options and tax updates made available through the CARES Act. See our resource library here. Then, start reviewing appropriate applications and gathering …
CARES Act Frequently Asked Questions for Businesses Read More »
CARES Act and Other COVID-19 Business Resources TREASURY DEPARTMENT NEWS Paycheck Protection Program (PPP) The Treasury and Small Business Association (SBA) expect to have the Paycheck Protection program up and running by April 3, and expect businesses will be able to go to a participating SBA 7(a) lender, bank, or credit union to apply for a …
Amid COVID-19, the PA has changed the state tax deadline to align with the updated federal deadline of July 15, 2020. Pennsylvania has also enacted unemployment changes for eligible individuals and business owners, including: Unemployment eligibility requirements will be eased to support workers who have been impacted by the coronavirus. This includes waiving the one-week …
Pennsylvania Tax and Unemployment Bills – COVID-19 Read More »
As business owners face many new realities due to government-recommended closures and keeping their employees and customers healthy, several resources are available for support through the Small Business Association (SBA). Our tax pros are also available to help guide business owners on cash flow, updates to tax deadlines, loan options and more. Key Resources Economic …
Small Business Resources – Loans and Guidance – COVID-19 Read More »
As approved by Congress, a $2 trillion economic rescue plan includes payments to individuals, expanded unemployment coverage including self-employed and much more. Here is what you need to know: Most adults will receive a one-time payment of $1,200, although some will be less. Every child under 16 adds an additional $500. Check your adjusted gross …
Millions of Households to Receive Stimulus Assistance – COVID-19 Read More »
Updated: 3/20/20: Please be aware that the deadline to file your income taxes has been extended to July 15, 2020. As government recommendations surrounding COVID-19 evolve, we are also making several updates at Lodovico & Associates for the safety of our staff and clients. Our teams at both offices are now working remotely from the …
If you’re new to the investment property business, or a seasoned professional, having trusted, third-party analysis on your investment may not only provide peace of mind, but prove to also jumpstart or grow your investment property business. While property appraisals will help you to understand what a property is worth, property evaluations helps to understand, …
Property Investment for Profitability: 3 Keys for Success Read More »
When becoming an estate executor, often times the tax responsibilities and roles are unfamiliar. While the primary responsibility is to execute and finalize the estate wishes of a family member or friend, a number of tax-related tasks are necessary. Should you become an estate executor, understanding the importance of including an accountant on your team …
Include an accountant on your estate team to navigate tax responsibilities Read More »
Every successful business started as a thoughtful idea – even a dream. But, what does it take to move a concept from ambition to a successful, thriving business? At Lodovico & Associates, we often meet with new business owners and experienced entrepreneurs as they enter into a business start-up or scale up a current business. …
Building a Business from the Ground Up: 5 Ways to Spark Start-Up Success Read More »
