Business
First 2022 Philadelphia Wage Tax Quarterly Filing Date is May 2nd
Starting in 2022, you must file quarterly returns and must do so online on the Philadelphia Tax Center. They will no longer accept paper returns. Your first filing due date in the new schedule is May 2…
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Pennsylvania Decennial Report must filed by December 31, 2021: What does this mean for you?
WHAT IS A DECENNIAL REPORT? It is a report of an entity’s continued existence. Decennial filings are made every ten years with the intent to identify business names and marks that are no longer in use…
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NJEDA $10 Million Small Business Lease Grant Program Opened Oct. 20
The New Jersey Economic Development Authority is now accepting applications on a rolling basis from eligible businesses and nonprofits seeking state grants to offset up to 20% of the annual cost of leases…
Continue ReadingNJ to Offer $500 Return to Work Bonuses
New Jersey will offer $500 return-to-work bonuses for unemployed residents in their first paycheck after hiring under the new Return & Earn Program. Employers may receive up to $10,000 in wage subsidies…
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Registration for Restaurant Revitalization Fund Opens Tomorrow
Registration for the Restaurant Revitalization Fund (RRF) will begin tomorrow, Friday, April 30 at 9 a.m. EDT and the SBA will begin accepting applications via the application portal on Monday, May 3 at…
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IRS Provides Greater Flexibility for Health FSAs & Dependent Care Assistance Programs
The Internal Revenue Service provided greater flexibility, due to the pandemic, to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs. Under…
Continue ReadingEmployee Retention Credit Extended for Employers Who Keep Workers on Payroll
The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose…
Continue ReadingPhiladelphia City Council Passes Bills Affecting Real Estate Development
On December 10th, the Philadelphia City Council passed three bills that impact real estate development citywide. The bills deal with tax abatement for new residential construction and for commercial &…
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What’s in the $900 Billion Pandemic Relief Package? – Updated
On December 21st, Congress passed a $900 billion pandemic relief package that was signed into law by the president on December 27th. The bill comes with a second round of direct stimulus payments and expanded…
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IRS Releases Guidance Clarifying Rules for Expenses Paid with PPP Funds
On November 18th, the IRS and the Treasury Department released guidance clarifying the tax treatment of expenses where a Paycheck Protection Program (PPP) loan has not been forgiven by the end of the year…
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