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Louis Plung

CARES Act FAQ: Paycheck Protection Program

by Louis Plung
On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economics Security (CARES) Act. We address some of the common questions we are encountering about the Paycheck Protection Program. Read more
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A Look at the CARES Act Provisions that Impact Nonprofits

by Louis Plung
On March 25, 2020 the United States Senate passed a sweeping $2 trillion stimulus package designed to abate the economic damages caused by the coronavirus (COVID-19) pandemic. Read more
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Update on Coronavirus Relief Efforts - Families First Coronavirus Response Act

by Louis Plung
The Families First Coronavirus Response Act, H.R. 6201 - passed by Congress on March 18, 2020, expands sick leave protection and unemployment benefits to workers, while also providing employers and self-employed individuals w Read more
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Louis Plung & Company Office Operations Update

by Louis Plung
As you have most likely aware, Governor Tom Wolf ordered all non-life-sustaining business in Pennsylvania to close their physical locations effective 8pm on March 19, 2020. Read more
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Coronavirus Disaster Assistance

by Louis Plung
The U.S. Small Business Administration (SBA), which has been a resource for small business owners and entrepreneurs in the U.S. since 1953, recently released a list of disaster-relief measures in response to the COVID-19 pandemic. Read more
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Do I Qualify for Paid Sick Leave Under the New Coronavirus Act?

by Louis Plung
On Wednesday, March 18, President Trump enacted a coronavirus emergency relief package, the Families First Coronavirus Response Act. The legislation includes relief for American workers required to take time off work because of the coronavirus, the Emergency Paid Leave Act of 2020. Read more
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Federal Tax Filing Deadline Extended to July 15

by Louis Plung
Over the weekend, the Pennsylvania Department of Revenue announced an extension for 2019 Personal Income Tax Returns. Read more
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Resources for Small Businesses in Crisis

by Louis Plung
Many small businesses are reeling from the impact of the COVID-19 pandemic. Louis Plung & Company is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time. Read more
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Charting New Territory: Business Strategy During the COVID-19 Outbreak

by Louis Plung
As the COVID-19 pandemic continues to unfold, business owners are facing a lot of uncertainty. It is not possible to know with confidence how events will continue to evolve over the next days, weeks, and months. Read more
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8 Areas Where Small Businesses Should Anticipate Disruption

by Louis Plung
For more than six decades, the U.S. Small Business Administration (SBA) has been a resource for small business owners and entrepreneurs in the U.S. In response to the COVID-19 pandemic, the bureau created a resource page dedicated to helping small businesses. Read more
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An Update Regarding Coronavirus (COVID-19)

by Louis Plung
At Louis Plung and Company, the health and safety of our employees and our clients is of paramount importance. Read more
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IRS Extends Tax Payment Deadline

by Louis Plung
An update regarding the 2019 tax payment deadline. Read more
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Louis Plung & Company Announces New Tax Associate Principal

by Louis Plung
Louis Plung & Company is pleased to announce the addition of Kevin Wilkes, J.D. to their professional team. Read more
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Tax

The 1099-MISC Filing Date Is Just Around the Corner - Are You Ready?

by Louis Plung
If your business engages the services of an individual (independent contractor), other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required to issue that person a Form 1099-MISC to avoid penalties. Read more
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Tax

Is Your Will or Trust Up-to-Date?

by Louis Plung
When was the last time you or your attorney reviewed or updated your will or trust? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date. Read more
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Tax

How Can I Prove Financial Hardship to the IRS If I Can't Pay My Taxes?

by Louis Plung
As tax season draws near, you may be concerned that you won't be able to pay your tax bill. If you're simply broke after holiday credit card bills, you have until April 15th to pay your tax bill in full once you learn how much you owe. Read more
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IRS

Congress Passes Last-Minute Tax Changes

by Louis Plung
Congress, at almost the last minute, has passed a large number of tax changes, including retirement plan issues that will become effective in 2020, as well as extensions through 2020 of a number of tax provisions that had expired or were about to end. Read more
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Tax

Cofounder Conflict Could Be One of the Biggest Threats to Your New Business

by Louis Plung
If you asked brand-new entrepreneurs to make a list of everything they think might one day pose a threat to their startup, you'd probably hear a variety of answers with similar themes. Read more
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Year-End Tips for Charitable Contributions

by Louis Plung
As the end of the year and the holiday season approach, we will all see an uptick in the number of charitable solicitations arriving in our mailboxes and by email. Read more

The Wayfair Decision's Impact on Businesses including Manufacturers

by Louis Plung
The 2018 South Dakota v. Wayfair U.S. Supreme Court ruling is a landmark case that drastically changed out-of-state sales tax collection. Prior to the decision, a business could rely on the physical presence test when assessing sales tax collection requirements. Read more
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Tax