President Biden’s Proposed Tax Legislation – An Overview
Less than 100 days into President Biden’s presidential term, he has proposed a sweeping tax and spending policy. While this plan has yet to be debated or passed, it does give a good indication of what impact the plan may have on U.S. businesses and individuals. Corporate & Personal Tax Rates As a reminder, under […]
Access for All: Ensuring Your Website is ADA and WCAG Compliant
Is your website ADA or WCAG compliant? If not, you could face legal difficulties. Broadly speaking, the Americans with Disabilities Act (ADA) prohibits discrimination against individuals with certain disabilities in various contexts such as employment, education, transportation, access to buildings, and even telecommunications. An often-overlooked subject of the ADA compliance is the Internet. ADA & […]
Tax Treatment of PPP Loans – Where Do We Stand?
When the CARES Act was passed in March 2020, one area that remained uncertain was the tax treatment of the Paycheck Protection Program (PPP) loan forgiveness and whether it would be treated as taxable income to borrowers who had this debt discharged. The way this forgiveness would be handled potentially affected the millions of businesses […]
Pennsylvania Entities – Time to Get Your Decennial Filings Ready
It’s 2021, so that means it’s time for Pennsylvania businesses and organizations to get their decennial filings ready. Every ten years, Pennsylvanian entities must submit a decennial filing or decennial report during the years ending with the numeral “1”, (i.e., 2011, 2021, 2031). The objective of these filings is for the state to reissue names […]
The Continually Evolving Business Privilege Tax
In 2018, the U.S. Supreme Court issued a decision that changed the face of business and expanded application of gross receipts taxes like the Business Privilege Tax (BPT). Prior to 2018, the Supreme Court had a simple and straightforward policy as to whether a state could tax business activity: if the taxpayer had no physical […]
Paycheck Protection Program Round Two – Are You Eligible to Pursue a Second Loan?
On Monday, January 11, 2021, the U.S. Small Business Administration (the SBA) along with the Treasury Department re-opened the Paycheck Protection Program (PPP) for both new and existing borrowers. This article focuses on existing PPP borrowers and outlines the steps to take to apply for a second draw PPP loan. Business principals considering a PPP […]
Fitzpatrick Lentz & Bubba Adds Two Attorneys In Key Practice Areas
Fitzpatrick Lentz & Bubba, P.C. (FLB) is pleased to announce that attorneys Anthony (“Sonny”) P. Beltrami and Justin K. Abodalo have joined the Firm as Associates. Their hiring is part of an ongoing long-term strategic growth and expansion plan, aimed at strengthening the Firm’s core business areas. “While 2020 has been a challenging year, we’ve […]