Be Aware Of Potential Scams Involving The Potential Second Stimulus

There has been discussions since the first stimulus about a potential second stimulus in the works. Even though the IRS is continually distributing pandemic relief funds, that does not include a second stimulus at this time. Scammers are now trying to steal financial information and / or money by emailing and texting fraudulent messages. The messages people have been receiving …

Consider all the new rules before withdrawing from retirement savings

During the pandemic, everyone is working hard at making ends meet and find jobs if they can / haven’t already. It’s no secret that many people have been laid off or furloughed since back in March and many of those people still haven’t received the stimulus amount or unemployment. That being said, people are turning to their retirement savings to …

Confusion for 2020 Tax Season

The Coronavirus has turned everyone’s world upside down since the beginning of the year. One thing financial experts have started looking into is how the effects of COVID-19 will effect the 2020 tax season. Some of the foreseeable tax issues include teleworking, home office deductions, and payroll tax. Teleworking may create a problem for those that live in one state …

Tax Refund Delay

This tax season has been quite an unusual one. With the deadline extended, and money being deposited constantly, delays with receiving refunds from the IRS have been increasing for some. Due to the events of the coronavirus and worry of spreading disease, the mail in option for submitting taxes was put to a halt. As the we continued through the …

Preparing for the worst is preparing for your future

Preparation, budgeting, and saving; these are all terms we have heard to help get our finances in order not just for today but for tomorrow. Many people ask, “Why do I need to prepare and save? Go on vacation while you can and have some extra money!” While going on adventures and vacations are fun, having the emergency fund during …

Budgeting: The Road Map To Financial Soundness

Budgeting plays a crucial role in our personal and professional lives. Whether you have student loans, business rent, or just groceries and necessities for everyday life; every can benefit from creating and sticking with a solid budget to prosper. Having money is different than know how to use money. Here are our top five reasons on why you need a …

Time to Organize!

Now is the perfect time to sit down and organize your finances, receipts, and all other office work. We are happy to help you stay organized while practicing safe social distancing with over the phone consultations. Don’t know where to start? We have a few helpful tips for you! 1. Separate Your Business and Personal Finances Many businesses, especially those …

The CARES Act:  Paycheck Protection Program Loan Forgiveness

Congratulations!  You got your PPP Loan!  Now what?     Here are some points, summarized from research courtesy of Brown Shultz Sheridan and Fritz – a respected local PA Firm.  Please note these points are as of April 29, 2020.  The Cares Act is being clarified and refined daily.     Forgivable Expenses fall in to two categories:   Payroll  gross wages (with …

Updates on Relief Programs

The information available for relief from COVID – 19 for small businesses is staggering. Add to that that the information changes daily, it is no wonder the business owner is left reeling. Below, I will outline three of the most talked about programs with information aimed at the business of less than 100 employees; and where they are as of …

Surviving and Applying During the Coronavirus Outbreak

Take action with The Kael Company Inc. to start organizing your books so applying for assistance is a breeze. There are several ways you can seek help not only for your business needs, but also for personal needs as well. From housing and rent to insurance and debt, many companies and organizations are finding ways to help Americans in need. …