Recent News & Blog / Coronavirus Insights
There’s still time to make a deductible IRA contribution for 2019
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax year between now and the extended tax filing deadline and claim the write-off on your 2019 return.
How to succeed at virtual team building
Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s become feasible to procure laptops, set up security protocols, use cloud servers and rely on employees’ home Wi-Fi connections to create functional virtual workspaces.
PA unemployment updates for the self-employed
On April 24th, Pennsylvania set up a separate website using the term “PUA” for self-employed Schedule C individuals to file for unemployment if their business was shut down or decreased due to COVID-19. It was fully functioning as of May 7th and Pennsylvania has started to release money as of May
Business charitable contribution rules have changed under the CARES Act
In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions.
COVID-19: A reminder of why cross-training your accounting staff is key
Imagine this scenario: A company’s controller is hospitalized for the novel coronavirus (COVID-19), and she’s the only person inside the company who knows how its accounting and payroll software works.
Drafting your will using online tools can lead to unwanted outcomes
The novel coronavirus (COVID-19) pandemic has refocused people’s thoughts on the health and safety of their families. In addition to taking the necessary steps today to protect your loved ones, it’s equally important to consider their financial security in the future.
Apply change management to today’s workforce challenges
Typically, when employers undertake major changes to how and where employees do their jobs, it’s only after copious planning and careful implementation. The novel coronavirus (COVID-19) pandemic eliminated this luxury in a matter of days for most organizations.
8 ways to bolster your business financials post-pandemic
Consider laying the groundwork now for your business's post-pandemic recovery. Here are our 8 recommendations to put you on a path to success:
Subchapter V: A silver lining for small businesses mulling bankruptcy
Many small businesses continue to struggle in the wake of the coronavirus (COVID-19) pandemic. Some have already closed their doors and are liquidating assets. Others, however, may have a relatively less onerous option: bankruptcy.
Time to team up: Nonprofit partnerships
Limited staff and financial resources during the novel coronavirus (COVID-19) pandemic may have your not-for-profit looking for new ways to achieve your mission.