COVID-19 Articles

The IRS has updated the tax filing deadline of July 15th to include all tax returns that are due on or after April 1, 2020, and before July 15, 2020.  This now includes Non-Profit 990 Returns along with 1040 Individual Returns & 1120 Corporate Business Returns:

For a complete listing & facts pertaining to the revised tax deadlines for 2020:

IRS Link:  https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers

Although we were deemed an essential business by Governor Wolf and could remain physically open, all our offices remain closed to outside visitation as so not to exacerbate the spread of COVID-19.  But we are fully operational with office & remote staff available to help with all your tax, accounting… read more →

The retention payroll tax credit is available to all qualified employers who: Either had a loss of 50% or more of business for the quarter of business in 2020 as opposed to the same quarter of business in 2019 OR where business was fully or partially closed or suspended operations because… read more →

Answers to frequently asked questions related to the relief provided in the Coronavirus Disease 2019 (COVID-19) emergency Notice. These questions and answers will be updated periodically and are designed to be a flexible tool to communicate information to taxpayers and tax professionals in this changing environment.

IRS Link:  https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers

This website is a great reference and is updated with both Federal SBA and PA State links and information!

https://pasbdc.org/services/continuity/disruption-recovery

Other useful and informative links

https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses

https://s-corp.org/

https://www.dol.gov/agencies/whd/pandemic

Please note: This is not intended to cover all the tax details and credit calculation information —more information will be forthcoming but the law is not even a week old yet.  Forms 941 will require some revisions in light of the new payroll credits and tax deferrals —–stay tuned!  Few… read more →

As this is a very chaotic time with all of the details of the stimulus package changing rapidly and the various loan options out there, Dennis Piper & Associates has put together a 3 page reference for your review so you can start the process. The attachment includes information on… read more →

New legislation signed 3/18/20 to implement Coronavirus-related paid leave for workers and tax credits for small businesses to swiftly recover the cost of providing the leave. Key Takeaways Paid Sick Leave for Workers– For COVID-19 related reasons, employees receive up to 80 hours of paid sick leave and expanded child… read more →

Dennis Piper & Associates PC will be doing its part to not spread this terrible virus, by closing our office to all clients effective: Today, Friday, March 20, 2020 at 5:00 pm and we will re-open the office when permitted to do so. However, we won’t miss a beat, and… read more →