On 9/24/19, the Department of Labor announced an increase in the threshold for the earnings requirement of nonexempt workers. Effective January 1, 2020, employers must pay their employees a minimum of $684 per week (up from $455 per week), which is equivalent to $35,568 per year. The new rule allows for up to 10% of [...]
A big thank you to Bob Cormack and Jim Pawlikowski from the Bucks County Economic Development Corporation for an informative presentation of their advantageous loan programs and tax incentive programs at the county, state and federal levels. If you have any questions about such programs please feel free to contact us at 215-997-6700 to learn [...]
PBGW team clearing brush and performing light landscaping at the Heritage Conservancy's Russell-Mandel Preserve in preparation for the Farm to table annual event.
The IRS has announced that despite the government shutdown it will process tax refunds and that they will begin processing 2018 tax returns on January 28, 2019.
The federal government shutdown does not mean that taxpayers don’t have to file returns and meet other filing deadlines, including payment due dates. It does mean, however, that refunds will be delayed. The IRS will continue to process tax returns that include remittances and maintain their revenue collection computer system. They will also continue to [...]
Credit Karma has rolled out a new service that allows members to compare credit cards and loans without going through the three credit bureaus. As you may be aware, when one applies for credit, the lender will request information about the lender’s creditworthiness from the credit bureaus. This “hard inquiry” impacts your new credit portion [...]
On October 25th PBGW hosted the Fourth Annual Halloween Bash. The Bash was a marvelous success with over forty booths and vendors from all over our community. Over 200 excited trick-or-treaters and their families from near and far joined us for the spooktacular event filled with candy and non-candy treats. We were all blown away [...]
By Ted Landis, CPA, CFP® A government report was recently issued estimating 30 million people (over 21% of taxpayers) will find they have had too little federal tax withheld and will owe money when they file their 2018 income tax returns. As you may recall, the federal withholding tables were updated in March 2018 [...]
Are you a sole proprietor or small-business employer? Is your health insurance too expensive or completely unaffordable? Keep your eyes open for more information on new entities known as association health plans. The President signed an executive order last year and the Department of Labor issued its ruling. The changes may provide opportunities for lower-cost [...]