Gatto McFerson has been a pioneer in finance and accounting for over 44 years.
Since 1977, Gatto McFerson has built successful relationships with our clients by offering an unparalleled scope of financial services and guidance to help them navigate the changing dynamic economic environments.
We offer premier financial services, including management advisory support, accounting assistance, tax services, business valuations, and litigation support. Our personalized approach, extensive financial knowledge, and strategic counsel have made us the leading financial services and consulting firm for small businesses.
LATEST NEWS
IRS Deadline Change/Other Updates
The American Rescue Plan Act of 2021 (ARP), was signed into law, the IRS moved the tax deadline for individuals, and there have been more developments with the Paycheck Protection Program (PPP).
PPP Update – Developments and Clarifications
There have been further developments and clarifications regarding the Consolidated Appropriations Act of 2021 (CAA) and the Paycheck Protection Program (PPP). These are some items we feel you should know about.
PPP Update – First and Second Draws
The Consolidated Appropriations Act of 2021 (CAA) was signed into law on December 27, 2020. Among other things, the law provided additional funds for the Paycheck Protection Program (PPP), and provided clarification and simplification for the loan forgiveness process.
New Stimulus Package and PPP
After some fits and starts, the Consolidated Appropriations Act of 2021 (CAA) was signed into law on December 27, 2020. Along with stimulus checks, increased unemployment benefits, and a variety of other items meant to help those in need, the law also provided some clarity on key issues relating to the Paycheck Protection Program (PPP).
Biden Tax Proposal Analysis
$400,000 seems to be the central number inside the proposed Joe Biden tax plan. The candidate has stated repeatedly that those with taxable incomes of under $400,000 will not see a tax increase, while those with incomes above that threshold could see higher taxes of varying degrees. So, what does this mean?
