News & Updates
Avoiding Tax Surprises When Retiring Overseas
[vc_row][vc_column][vc_column_text] Avoiding Tax Surprises When Retiring Overseas Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it's important to look...
Saving for Education: Understanding 529 Plans
[vc_row][vc_column][vc_column_text] Saving for Education: Understanding 529 Plans Many parents are looking for ways to save for their child's education and a 529 Plan is an excellent way to do so. Even better, is that thanks to the passage of tax reform legislation in...
Common Errors to Avoid When Filing a Tax Return
[vc_row][vc_column][vc_column_text] Common Errors to Avoid When Filing a Tax Return While not all mistakes on tax returns cause delays in refunds, some do. 1. Not using electronic filing. While this isn’t necessarily a mistake per se, filing electronically is the best...
Johnstown Symphony Orchestra music director wins Grammy Award, meet-and-greet this weekend
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...
American Rescue Plan Act of 2021 – Impact on Local Governments
[vc_row][vc_column][vc_video link="https://vimeo.com/539317759/046a0a35b1"][vc_btn title="Download PowerPoint Slides" align="center" link="url:https%3A%2F%2Fwww.wesselcpa.com%2Fwp-content%2Fuploads%2F2021%2F04%2FAmerican-Rescue-Plan-Webinar.pdf"][vc_column_text]...
Economic Impact Payments: Round Three
[vc_row][vc_column][vc_column_text] 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,...
Coronavirus-Related Distributions and Loans
[vc_row][vc_column][vc_column_text] 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...
Q & A: The $10,200 Unemployment Tax Break
[vc_row][vc_column][vc_column_text] 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...
PPP Loan Deadline Extended Through May 31
[vc_row][vc_column][vc_column_text] 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....
Employees Working Remotely Can Increase Your Fraud Risk
Employees Working Remotely Can Increase Your Fraud Risk Between 2008 and 2020, remote work has grown 159%. When employees are working remotely, it’s harder to detect and prevent all types of fraud. An unsupervised work environment is ideal for some fraud schemes in...