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How to Financially Prepare for Windfalls
Windfalls can come in many forms: selling a business or real estate, receiving an inheritance, settling an insurance suit, obtaining a...
Anthony Candela
Aug 2, 20221 min read
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Have a business in New York? Expect a bill from the Department of Labor
If you have a business in New York State, you should expect a bill from the New York Department of Labor. According to Paychex, the New...
Anthony Candela
Jul 20, 20221 min read
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2022 Retirement Contributions
The Internal Revenue Service announced the cost-of-living adjustments affecting dollar limitations for pension plans and other...
Anthony Candela
Nov 8, 20211 min read
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There are 2 months to go, Let's make them count!
Believe it or not, the year will be over in 2 short months. And with the holidays mixed in, the 2 months will fly by. We wanted to take...
Anthony Candela
Nov 4, 20212 min read
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Highlights of the American Rescue Plan Act
Yesterday, President Biden signed the American Rescue Plan Act of 2021. As with previous legislation passed to combat the economic...
Anthony Candela
Mar 12, 20213 min read
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A Word on the Employee Retention Credit
While the additional PPP funding and stimulus checks garnered most of the attention of the stimulus package signed by President Trump on...
Anthony Candela
Jan 19, 20212 min read
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Additional Information on the Revamped Paycheck Protection Program
The first round of PPP funding ran out fast, and many businesses who were not prepared ahead of time were unable to successfully apply...
Anthony Candela
Jan 6, 20212 min read
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Key Provisions of the Recently signed Consolidated Appropriations Act
By now we are sure you have heard that President Trump signed the Consolidated Appropriations Act, 2021. While the stimulus checks have...
Anthony Candela
Dec 30, 20203 min read
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IRS and SBA Issue Updates on PPP Forgiveness and Deductions
We wanted to share some guidance issued on November 18 on the deductibility of expenses related to Paycheck Protection Program (PPP)...
Anthony Candela
Nov 20, 20202 min read
36 views
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What is a Bank Reconciliation and Why is it Important?
While this article is written more from a business perspective, it applies to personal accounts as well. If you have ever “balanced your...
Anthony Candela
Nov 6, 20202 min read
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2021 Key Figures
If you are like most people, you probably can't wait to put 2020 behind you. With that in mind, we wanted to share some of the key...
Anthony Candela
Nov 3, 20202 min read
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Update on PPP Loan Program
It has been a little time since we last reached out to you with an update on the Paycheck Protection Program. We wanted to share two...
Anthony Candela
Oct 19, 20201 min read
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Is the New Payroll Tax Deferral a Good Idea?
You may recall that President Trump signed an executive order on August 8 which, among other things, created a payroll tax deferral...
Anthony Candela
Aug 31, 20202 min read
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Your 401k plan may Change under a Biden Administration
We wanted to share a quick update on an overlooked part of Vice President Joe Biden's tax plan which he and his team put forth in July....
Anthony Candela
Aug 28, 20201 min read
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Don't rush to apply for PPP forgiveness
We wanted to share a quick update on the Paycheck Protection Program (PPP). As we are sure you can appreciate, there is still...
Anthony Candela
Jul 20, 20202 min read
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PPP Loan Application Deadline Extended to August 8th
Last night the Senate passed by unanimous consent a five-week extension of the Paycheck Protection Program (PPP) just a few hours before...
Anthony Candela
Jul 1, 20201 min read
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Strings attached to the EIDL as Well
It appears as though the SBA is ramping up issuance of the Economic Injury Disaster Loans (EIDL). And although the requirements for how...
Anthony Candela
Jun 18, 20202 min read
37 views
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Received a PPP Loan before June 5? Contact your banker Now!
One of the provisions of the PPP Flexibility Act was to extend the repayment period of any PPP loan NOT forgiven from 2 years to 5...
Anthony Candela
Jun 16, 20201 min read
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Senate approves Paycheck Protection Program Flexibility Act
Last week the House passed the Paycheck Protection Program Flexibility Act. The Senate has approved the Act and it now heads to the...
Anthony Candela
Jun 4, 20201 min read
450 views
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House passes Paycheck Protection Program Flexibility Act
By a vote of 417-1, with 1 Republican voting no and 13 Republican Members not voting, a few minutes ago, the House passed HR 7010, the...
Anthony Candela
May 28, 20202 min read
37 views
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