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…
On March 27, another coronavirus (COVID-19) bill was signed into law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention credit The new law provides a refundable payroll tax credit for 50% of wages paid by…
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…
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…
Keep up with all the latest news from B&C, including important tax & accounting updates, speaking engagements and events, firm developments and more! Read our latest update: https://mailchi.mp/9cb6cacb59cf/bc-connect-with-us-end-of-summer-update Subscribe today!
Bumpers & Company’s own Douglas S. Kook, CPA, CVA will be one of the presenters at the upcoming “Big IDEas for Your Business” Conference on May, 10th at the Sheraton Wilmington South. The Delaware Society of CPAs has designed this one-day conference to assist your business in building a firm foundation for success. Whether you’re a…
Bumpers & Company is delighted to be supporting the Volunteer Hose Company of Middletown for their 6th Annual Golf Outing fundraiser. Our Managing Partner, Doug Kook, will be swinging his clubs and our firm will be providing complimentary golf towels for all players. The event will be held at Back Creek Golf Club in Middletown,…
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…
