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Tag Archives: finance

Notes from your CPA: 2017 tax law requires strategic refresh for nonprofits

Tax experts agree: adjusting to new accounting standards and the effects of the 2017 Tax Cuts and Jobs Act can make the nonprofit world more confusing – and challenging. Here are some tips to help ensure your nonprofit, one of more than 13,000 operating in Pennsylvania, maintains the strong financial backing it needs to continue its meaningful work while meeting today’s state and federal regulations.

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Laboratory, Analytical & Biological Services of New Oxford relied on a federally-funded SBA 504 loan through Adams Economic Alliance to move from East Berlin and ren-ovate a larger facility, shown above, near Cross Keys in eastern Adams County. PHOTO/SUBMITTED

SBA loan fuels growth of Adams lab (access required)

When Fred Richstien II sought financing last fall to expand his business in Adams County, he heard about a federal loan program that might help him achieve his vision.. By summer, he had a financing package totaling $845,000 in hand for his company, Laboratory, Analytical & Biological Services, or LABS, of New Oxford, part of which included a Small Business Administration 504 loan facilitated by the Adams Economic Alliance.

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A Conversation With: Stephen Gift (access required)

Stephen Gift, 63, founded Gift CPAs (formerly Gift and Associates) in 1984 and is today its managing member. The firm was named the 2019 large practice Accounting Firm of the Year by the Professional Association of Small Business Accountants. Gift CPAs has offices in five midstate locations, including Mechanicsburg and Harrisburg.

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