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') You are using an outdated browser. Please upgrade your browser to improve your experience. Search site Toggle navigation Contact Us Tax Services Tax Team Why Blog? Submit RFP Tax Credits Now Available for Providing Paid Leave to Employees Receiving COVID-19 Vaccines Posted by Kathy Dean-Bradley, CPA On April 21, the Internal Revenue Service and the Treasury Department issued a fact sheet detailing information about the tax credits available under the American Rescue Plan. The intent is to help small businesses and nonprofit organizations receive a tax credit for providing paid time off to employees receiving the vaccine and time needed … Continued Additional Extension and Due Date Updates Posted by Michael D. Kelly, CPA PPP Extension Act of 2021 On March 30, President Biden signed into law the PPP Extension Act of 2021. The Paycheck Protection Program, which was scheduled to expire on March 31, 2021, has been extended through June 30, 2021 through this bill. The full legislative text can be reviewed here: H.R. 1799 – PPP … Continued Certain State Tax Deadlines Extended Posted by Valerie C. Middlebrooks, CPA Just as many CPAs and taxpayers anticipated, states have started to extend their tax return due dates. Read our previous update titled, Tax Deadline for Individuals Extended to May 17. As of this publication, Delaware, Pennsylvania, and New Jersey are three of the states that have pushed their individual tax filing and payment due … Continued Individual Provisions of the American Rescue Plan Act of 2021 Posted by Jordon N. Rosen, CPA, MST, AEP® (Distinguished) On March 11, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA). The $1.9 trillion bill is extensive and we have outlined important details for our clients and friends to be aware of. The full legislative text can be reviewed here: H.R.1319 – American Rescue Plan Act of … Continued American Rescue Plan Act – What we know so far Posted By Valerie C. Middlebrooks, CPA, Jonathan A. Patterson, CPA, CVA, and Jordon N. Rosen, CPA, AEP On March 11, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA). The $1.9 trillion bill is extensive and we have outlined important details for our clients and friends to be aware of. The full legislative text can … Continued Tax Deadline for Individuals Extended to May 17 Posted By Valerie C. Middlebrooks, CPA On March 17, the IRS announced that the federal income tax filing and payment deadline for individual 2020 returns has been extended to May 17, 2021. Learn more about the Individual Tax Day Extension. Please keep in mind that the announcement is only for individual taxpayers and, as of today, the technical details surrounding … Continued Post-Election Tax Outlook: Income Tax Components Posted By: Jordon N. Rosen, CPA, MST, AEP® (Distinguished) With the results of the 2020 presidential and congressional elections behind us, President Biden has begun pursuing his agenda to tackle many pressing issues, including the downturn in the economy, which was brought on by the COVID-19 pandemic. Along with additional stimulus checks for individuals and various grant programs, there are numerous tax-related … Continued COVID-19 Update: PPP Round Two Loan Applications Open Posted by Jonathan A. Patterson, CPA, CVA On January 8 and again on January 19, the SBA, in consultation with the Treasury Department, released additional Paycheck Protection Program (PPP) forms and guidance related to first round and second round draws. BLS has compiled the following important links to simplify your efforts in finding important forms and change information. Helpful … Continued Delaware Relief Grants Portal Reopened Posted by Kathy Dean-Bradley, CPA The Delaware Division of Small Business announced that they have reopened their application portal on January 19, 2021 to small businesses and nonprofit organizations that have not already applied for this State of Delaware relief program. Below is a summary of details related to the reopening of the portal. Those businesses and nonprofits … Continued COVID-19 Relief Bill Provisions Affecting Individuals Posted by Jordon N. Rosen, CPA, AEP (Distinguished) Since March, BLS has been keeping our clients and friends apprised of new legislation and changes that have occurred due to COVID-19. This edition of our BLS Important Update is an overview of key provisions in recent COVID relief legislation (COVID-related Tax Relief Act of 2020 (the Act) and the Taxpayer Certainty … Continued ← Older posts Archives 2021 April 2021 March 2021 February 2021 January 2021 2020 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 2019 December 2019 November 2019 September 2019 August 2019 July 2019 June 2019 May 2019 March 2019 February 2019 2018 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 March 2018 February 2018 January 2018 2017 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 2016 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 2015 December 2015 November 2015 October 2015 August 2015 July 2015 June 2015 April 2015 March 2015 February 2015 January 2015 2014 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 Links Subscribe by Email Belfint Web Site Employee Benefit Plan Audit The Nonprofit Ledger Categories Appraisal Asset Management Audit Benefit Plans Business Valuation Buy-Sell Agreement Contributions COVID-19 Crowdfunding Estate & Trust Foreign Regulations Health Care Human Resources Identity Theft Individual Tax Income Insurance International Tax IRA Rollover IRA/ROTH IRA New Regulations News Update Partnership Agreement QuickBooks Retirement Planning Shareholder Agreement State & Local Tax Succession Planning Tax Compliance Tax Exempt Tax Planning Uncategorized Videos © 2021 Belfint Lyons & Shuman | All Rights Reserved | Legal Accounting | Audit | Advisors | Consultants | CPAs - Belfint Lyons Shuman is a Certified Public Accounting Firm serving companies across Delaware including Wilmington, Dover (DE) and Pennsylvania including Philadelphia and West Chester (PA). BLS focuses on serving the needs of construction companies, employee benefit plan audits, law firms, medical practices and nonprofit organizations. We also assist international companies with international tax, FBAR compliance and regulatory services....