Johnstown natives who have moved away and people with friends in the area may soon notice Facebook content that promotes living in Johnstown. Targeted Facebook ads are part of a nascent campaign to attract telecommuters to move to Johnstown, which is being promoted for its affordability and outdoorsy appeal. The Cambria Regional Chamber of Commerce has…
When COVID-19 struck last March, employers quickly switched to a work-from-home model for their employees, many of whom began working in a state other than the one in which their office was located. While some workers have returned to their offices, many have not. If you’re working remotely from a location in a different state…
Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. While many of these tax credits expired at the end of 2016, tax credits for residential and non-business energy-efficient solar technologies do not expire until December 31, 2021. Here are some key facts that you should know about these…
Wessel & Company, with six offices in Pennsylvania, including Johnstown and Cranberry Township, has been named among the top 25 of the Best Places to Work in PA. This marks the thirteenth consecutive year that Wessel & Company has been recognized among the Top Places to Work in PA. The list is compiled by Best…
There’s never an off-season when it comes to scammers and thieves who want to trick people to scam them out of money, steal their personal information, or talk them into engaging in questionable behavior with their taxes. While scam attempts typically peak during tax season, taxpayers need to remain vigilant all year long. For example,…
The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes several temporary tax changes that help charitable organizations. One such provision allows taxpayers to deduct cash donations of up to $300 made before December 31, 2020. Designed especially for people who choose to take the standard deduction, rather than itemize. In tax-year…
Download PowerPoint Slides Our Post Election Tax Planning & Strategies webinar discussed the potential tax impact of the election on individuals, businesses, and their owners. We discussed both what was known at this time, as well as changes that will likely take place for 2021, and how to best plan for them ahead of time.
After months of fundraising and work, the grand opening of the Virtual Learning Center at The Flood City Youth Fitness Academy is scheduled for 4 p.m. Dec. 1. “It’s going to be, we think, a real game-changer for the youth of our city,” academy Program Director Deacon Jeffery Wilson said. Local students will be able…
Investing in Opportunity Zones: The Facts The Tax Cuts and Jobs Act included numerous changes for businesses and individuals. One of these was the creation of the Opportunity Zones tax incentive, the purpose of which is to spur economic development and job creation in distressed communities by providing tax benefits to investors. Which Communities Qualify…
Year-End Tax Planning Strategies for Business Owners Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting can defer income into 2021 by delaying end-of-year invoices so that payment is not received until…