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Business charitable contribution rules h...

In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions. Here are two changes that affect businesses: The limit on charitable deductions for corporations has…

Coronavirus (COVID-19): Tax relief for s...

Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers to defer any amount of federal income tax payments due on April 15, 2020, until July 15, 2020, without penalties or…

B&C Spring Internship

Amy Lucero, Spring Intern

We are pleased to welcome our Spring Intern, Amy Lucero, to the B&C experience. Amy is an accounting major in her junior year at Widener University. Since joining us in early January, Amy has been training on a variety of accounting software packages, learning the nuances of tax preparation for different entities, and has been immersed in…

Welcome to our Blog!

We are excited to launch the Bumpers & Company Blog! Through periodic updates, we hope to keep our clients and members of the community informed on important accounting topics, changes to regulations, latest news from our firm and more. If you have a question for our Accountants that you would like to see addressed in…