Alloy Silverstein’s Tax Tip of the Week The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits…

New Non-Resident Withholding Requirement for Pennsylvania Businesses   Beginning January 1, 2018, Act 43 of 2017 created a withholding requirement for payors of Pennsylvania-source non-employee compensation and business income to non-resident individuals (or disregarded entities…

Does your spouse help out at your small business without pay? Some small corporation owners turn to their spouse as a cost-saving way to help with piecemeal projects such as marketing, delivery, or perhaps even…

Catch up on Business Entity Decisions Part One – Should My Business be a C-Corp or S-Corp?   One of the first decisions in starting a business is the selection of the form of the entity. …

There are many provisions in the tax reform bill (The Tax Cuts & Jobs Act) passed in late 2017 designed to benefit small business owners. They include a lower corporate tax rate as well as…

If you are a small business owner, your planning probably got a lot trickier after the passage of the Tax Cuts and Jobs Act (TCJA). That’s because most small businesses have legal structures that are…

January 2018 Tax Deadlines January 16 – Due date for the fourth installment of 2017 individual estimated tax. January 31 – Due date for employers to furnish W-2 statements to employees, and to file Forms…

Time to get serious about Form 1099-K.   Small business owners beware: the IRS may more closely scrutinize reporting of credit card transactions after it was criticized for lax enforcement.   The IRS’ overseer, the…