Keystone Collections Group and Berkheimer are Pennsylvania tax administrators collecting local Earned Income Tax (EIT) for our region. According to a statement on the Keystone Collections Group website, Keystone is extending the local EIT filing deadline to match the State and Federal date of July 15, 2020. Keystone will not apply penalty and interest on Tax [...]
Additional information on relief and filing extensions for taxpayers who need more time beyond the July 15 deadline: https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed This communication should not be construed as tax or legal advice or tax or legal opinion on any specific facts or circumstances. This communication does not create any accountant/client or attorney/client privilege. The contents are intended [...]
A Message from PBGW’s President… In response to the coronavirus economic impacts, updates are happening so fast regarding such things as what are life sustaining business, applications for exemptions, government loan programs, and tax extensions and credits. PBGW strives to provide our clients and friends with the most up-to-date information as soon as possible. To [...]
The PA Department of Revenue announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This PA extension applies to both final 2019 tax returns and payments, and estimated payments for the first and second quarters of 2020. On Friday, the Trump administration also announced that [...]
At PBGW we strive to serve our clients and our communities in a manner that is sometimes effectively outside the box. This is one of those times. At PBGW we have been monitoring and studying cash flow options available for small businesses. Yesterday, Governor Wolf made application for a Small Business Administration Financial Injury Loan [...]
Yesterday Gov. Wolf announced that all non-life-sustaining businesses in Pennsylvania must close immediately. The order is effective as of 8 pm on Thursday, March 19, 2020, until further notice. The governor's order indicates that enforcement actions against non-compliant businesses will begin at 12:01 am on Saturday, March 21, 2020. To find the governor's list of [...]
On Tuesday, March 17, 2020, Treasury Secretary Steven Mnuchin announced that individuals and corporations can delay their federal tax payments for 90 days due to the COVID-19 pandemic. However, this announcement did not delay the April 15 filing deadline. Individuals can defer up to $1 million in payments for 90 days from the April 15 [...]
The US House of Representatives has passed the Families First Coronavirus Response Act, and the Senate is likely to pass the bill this week, as President Trump has indicated his intention is to sign the bill into law. The final bill may be different than the bill that passed the House, but it looks like [...]
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 [...]