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The Louis Plung Blog

Find out about the latest news and trends …

3007, 2021

SBA Releases New PPP Loan Forgiveness Guidance

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On July 28, the U.S. Small Business Administration (SBA) released an update to the forgiveness process for the majority of Paycheck Protection Program (PPP) loans. The goal of the new guidance is to streamline the process for PPP participants with loans of $150,000 or less. The interim final rule includes

2907, 2021

Reflecting on 100 Years with Louis Plung

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This year marks an important and impressive milestone for Louis Plung & Company - 100 years of service. Very few firms are able to taut such an impressive history of operation. In order to mark the occasion, we sat down with firm managing partner, Louis Plung, to reflect upon the

2907, 2021

Louis Plung & Company Celebrates 100 Years in the Community

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Louis Plung & Company (LPC) is pleased to announce the celebration of 100 years of service. “One hundred years in business is an exceptional accomplishment for our firm—an entire century!” said Louis Plung, CPA, managing partner of LPC. “It is clear to me that our long-term success is a direct

1407, 2021

Child Tax Credit Update

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We want to make sure that you are aware of a new change to the Child Tax Credit that may impact you. Included in the American Rescue Plan Act of 2021 (ARPA) were some major changes to the Child Tax Credit for tax year 2021. These changes include: An increase

2206, 2021

Tony Montanaro Named Partner at Louis Plung & Company

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The Pittsburgh accounting and consulting firm Louis Plung & Company is pleased to announce that Tony Montanaro, CPA/ABV, CFE has been added to the firm’s partner group. A professional in the field since 2003, Tony has served on the Louis Plung team since 2009. He specializes in consulting services such

906, 2021

How to Protect Your Data in QuickBooks

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After the unprecedented year we’ve just experienced, the last thing you need is to have your accounting data compromised or stolen. It would be impossible to reconstruct your QuickBooks file from scratch, and you can’t afford to have a hacker steal any of your funds. There are numerous steps you

906, 2021

SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

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As U.S. businesses continue to recover from COVID-19’s economic devastation, the U.S. Small Business Administration (SBA) is expanding loan opportunities. The agency announced that beginning the week of April 6th, nonprofits and small businesses will be able to borrow up to $500,000 for up to 24 months. This expansion of

306, 2021

IRS Issues New Guidance Regarding COBRA Changes Implemented by the ARPA

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The Internal Revenue Service (IRS) recently issued new guidance in an effort to clarify the COBRA premium assistance and credit available under the American Rescue Plan Act (ARPA). The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) established continued health coverage for employees experiencing a reduction in hours or an

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