Gehman Accounting Blog

Now entering the third quarter of 2020, small business owners across the nation hope to jump start their businesses. We have seen various impacts due to the coronavirus pandemic, but the question is… Is it over? What will it take for the economy to rebound and how might a second wave change things?

July 6 - Update on the PPP

With $129 billion still available, a 5-week extension has been approved. This extends the deadline for applying for a PPP loan from June 30 to August 8.

Headlines

• Have not received an economic impact payment? Expecting a check in the mail? Check the status of your payment with this IRS web app: "Get My Payment"
• PA unemployment claims reach 1.67 million, state encourages online filing.
• Paycheck Protection Program has been refunded with an additional funding package
  

Mifflinburg Award Program Honors the Achievement

MIFFLINBURG December 16, 2019 -- Gehman Accounting, Inc. has been selected for the 2019 Best of Mifflinburg Award in the Accounting Services category by the Mifflinburg Award Program.

Each year, the Mifflinburg Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Mifflinburg area a great place to live, work and play.

Your Guide to Compliance and Benefits

Your business or farm may be impacted by new tax laws passed by Pennsylvania and other states.
To make it quick and easy for you to learn about these changes, we’ve outlined the essential information here in this newsletter. You should be familiar with these new laws to make sure your operation is maintaining compliance with state law and taking advantage of any tax benefits available to you. If you have questions about your tax situation, please contact your tax advisor.