Nonprofit Organizations

Articles, Blog, Construction, Legal, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries, Uncategorized

SMALL BUSINESSES: ACT NOW TO TAKE ADVANTAGE OF SBA LOANS AND PAYROLL TAX INCENTIVES

April 2, 2020 Jessica Dispensa

Background In light of the novel coronavirus (COVID-19) global pandemic, many small-to-medium sized businesses are struggling to manage revenue losses amid prolonged economic uncertainty. To offset the pandemic’s financial impacts, Congress has passed several stimulus bills, including the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes provisions Read More…

Blog, Construction, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries

SBA DISASTER ASSISTANCE IN RESPONSE TO THE CORONAVIRUS – LOW-INTEREST LOANS

March 31, 2020 Jessica Dispensa

In response to the novel coronavirus (COVID-19) pandemic affecting the small business community across the country, the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury. Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary Read More…

Blog, Construction, Governmental Entities, Labor Unions, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries, Uncategorized

EMPLOYERS CAN IMMEDIATELY PROVIDE TAX-FREE QUALIFIED DISASTER PAYMENTS TO EMPLOYEES IN CONNECTION WITH COVID-19

March 24, 2020 Jessica Dispensa

Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that the COVID-19 has been declared a national emergency,[1] Internal Revenue Code Section 139 can be used to allow employers to make tax-free payments or reimbursements to employees as “qualified disaster payments.” Below are Read More…

Blog, Nonprofit Organizations

CORONAVIRUS STRIKES NONPROFITS IN MORE WAYS THAN ONE

March 23, 2020 Jessica Dispensa

By Andrea Wilson Now present on every continent except Antarctica, COVID-19 has infected more than 125,000 people, and is responsible for more than 4,600 deaths. With the number of cases in the U.S. continuing to climb, individuals and companies alike are taking steps to prepare for a pandemic. From a shortage of masks and hand sanitizer, to Read More…

Blog, Construction, Firm News, Governmental Entities, Home Page Blog Post, Labor Unions, Legal, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries, Uncategorized

FEDERAL AID PACKAGE HELPS INDIVIDUALS AFFECTED BY COVID-19

March 23, 2020 Jessica Dispensa

The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding. The Act includes up to 80 hours of emergency Read More…

Blog, Construction, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries, Tax

LOSSES THAT OFFER TAX SAVINGS

July 11, 2019 Jessica Dispensa

If you’re interested in minimizing your tax obligations and maximizing your savings, consider these helpful tips, and contact us to review your tax strategy. Losses that Offer Tax Savings Capital loss, casualty loss, net operating loss — a loss by any name causes a financial setback. It’s something no one likes to think about, much Read More…

Articles, Blog, Construction, Governmental Entities, Labor Unions, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries

5 PRODUCTIVITY KILLERS & HOW TO SLAY THEM

July 3, 2019 Jessica Dispensa

If you feel that business is harder today, you’re not alone. In addition to rising regulatory obligations and relentless technological change, the ability to attract and retain top talent has never been more difficult. To compete and thrive in this environment, businesses need to optimize their finance and accounting practices, and that means tackling challenges Read More…

Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries, Tax

UPDATED FEDERAL FORM W-4 WILL BE AVAILABLE

June 5, 2019 Jessica Dispensa

The IRS recently issued a revised Draft Form W-4 (Employee’s Withholding Allowance Certificate). The final version will be released in November 2019. This form is not applicable until January 1, 2020. The form was revised to reflect more accurately, the changes in the tax code due to the enactment of the 2017 Tax Cuts and Jobs Read More…

Articles, Blog, Construction, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries, Tax

EIGHT KEY TAX PLANNING OPPORTUNITIES FOR BUSINESSES IN 2019

February 20, 2019 Jessica Dispensa

More than a year after sweeping federal and state tax reform were enacted, businesses of all sizes are still wrapping their arms around the changes. Additional guidance and regulations have been issued nearly every month—indeed, change is the new normal. Strategic tax planning now is key to lowering businesses’ total tax liability. Read on for Read More…

Blog, Construction, Firm News, Governmental Entities, Labor Unions, Legal, Manufacturing & Distribution, Nonprofit Organizations, Professional Services, Specialized Industries

BKC WELCOMES LILY BRADOW

August 1, 2018 Jessica Dispensa

BKC welcomes Lily Bradow as a member of the firm’s Audit & Assurance Group. Lily is a graduate of The College of New Jersey with a Bachelor of Science degree in Accounting. Lily has over 15 years of experience in public accounting, with specialization in accounting and auditing for companies in various industries, employee benefit Read More…