Exclusive New PPP Application Window Established for Smallest Businesses

On Monday, the Presidential administration announced that on Wednesday, February 24th, a new two-week Paycheck Protection Program (PPP) loan application window will open specifically for businesses with fewer than 20 employees.

The Future of Recruiting: 5 Considerations for Staffing Firms

In light of the COVID-19 pandemic, many employers have shifted to a remote workforce—and in turn, the staffing industry has had to pivot as well, implementing remote recruiting, hiring, and onboarding strategies. While some employees have now returned to the office, many are continuing to work remotely, and will for the foreseeable future. And with employers and employees finding that a remote work strategy can be just as effective, while saving costs for employers and providing a better work-life balance for employees, remote work is definitely here to stay on a larger scale than ever before. So what does this mean for the staffing industry?

Change of State Residency and Important Considerations

Clients and many taxpayers often wonder whether it might be beneficial in retirement or while still working to change their place of residency as a way to minimize their current and future state tax obligations, or as part of their long-term strategy to minimize estate taxes to a more tax-friendly state. While most states tax all or a portion of the income of their residents, certain states like Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming have no state income tax, and New Hampshire and Tennessee do not tax earned wages. These and other states may not have “state” estate and/or inheritance tax as well, making them very appealing for those looking to change their residency in the long-term. 

11 Financial Aid Myths Debunked

The purpose of financial aid is to help bridge the gap between the cost of attending college and the amount that students and their parents can afford to pay. Unfortunately, many students forgo applying for financial aid because they assume they won’t qualify. Don’t let these common myths dissuade you from applying for financial assistance or lead you astray during the application process. 

6 Ways to Keep Your Personal Information Secure Online

It has been one year since the COVID-19 pandemic has flipped everyone’s day-to-day life upside down. We have had to change the way we do many things, including finding new ways of completing tasks that were once done in person. A lot of what we do now is being conducted via the internet and online portals. We hear in the news about data breaches and online hackers, but how can you personally protect your information online? There are a few easy tasks that one can complete to ensure they are doing everything in their power to keep their information secure:

Paid Family and Medical Leave Benefits Now Available in Massachusetts

In 2018, Massachusetts passed a landmark bill requiring all employers in the state to provide workers with paid family and medical leave (PFML), giving Massachusetts one of the most generous paid family and medical leave programs in the country. At the time of the legislature, the state outlined a three-year approach, with deadlines for employer and employee contributions into the Family and Employment Security Trust Fund, through which the program will be funded.

PPP First and Second Draw Loans: Do You Qualify?

The SBA began accepting new PPP applications on a limited basis last week through community financial institutions and as of today, the program is now open to all lenders.

1099 Filings: Upcoming Deadlines and Important Changes for Businesses

As a CPA firm, we prepare 1099 forms for many of our clients, and as the deadlines for these filings approach, we thought it would be beneficial to provide an overview of the 1099 process and upcoming deadlines, as well as some important changes that take effect this year.

Everything You Need to Know about Federal and State Retirement Systems

Being aware of retirement options and social security benefits can help you assess how financially secure you will be during your golden years.

Economic Impact Payments Are on Their Way

The IRS and the Treasury department began issuing a second round of Economic Impact Payments last week as part of the Consolidated Appropriations Act. Most individuals making up to $75,000 per year will receive a direct payment of $600; married couples making up to $150,000 per year will receive $1,200; and eligible individuals with children will receive $600 for each qualifying child dependent. Dependents who are 17 and older are not eligible for the child payment.