CAMBRIA COUNTY, Pa. (WTAJ) — James Blachly, music director of the Johnstown Symphony Orchestra and 2021 Grammy Award winner, is inviting the community to come out and celebrate the historic win this weekend. The celebration will take place in Johnstown’s Central Park this Saturday, March 20, from 2:30 to 4:30 p.m., and everyone is encouraged…
Download PowerPoint Slides Wessel & Company invites you to join our American Rescue Plan Act of 2021 webinar to discuss the specific impact on local governments. We will discuss. • Where Funds Will Be Distributed • How Funds Can Be Spent • Timing Of Funding & Related Reporting Requirements • Compliance Considerations
Economic Impact Payments: Round Three On March 12, following the American Rescue Plan Act’s approval and signing, the IRS began sending out the third round of Economic Impact Payments. Most payments were sent out via direct deposit, but approximately 150,000 checks were mailed by the Treasury Department as well. Taxpayers who received EIP1 or EIP2…
Coronavirus-Related Distributions and Loans The Coronavirus, Aid, Relief, and Economic Security (CARES) Act made it easier to access savings in IRAs and workplace retirement plans for those affected by the coronavirus. This relief provided favorable tax treatment for certain withdrawals from retirement plans and IRAs, including expanded loan options. Distributions: Certain distributions made from Jan. 1,…
Q & A: The $10,200 Unemployment Tax Break Generally, unemployment compensation received under the unemployment compensation laws of the United States or a state is considered taxable income and must be reported on your federal tax return. However, a new tax break – in effect only for the 2020 tax year – lets you exclude…
PPP Loan Deadline Extended Through May 31 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, 2021, extending the deadline to apply for a loan by an extra 60 days, from March 31 to May 31, 2021. The law also gives the Small Business Administration (SBA) an additional 30…