July 01, 2022
As inflation continues to sweep the country causing prices to rise, one cost that is about to drop is the City of Philadelphia’s Business Income and Receipts Tax (BIRT). Effective July 1, 2022, the net…
Read More...March 20, 2021
NJ & PA personal returns now due May 17 Last week, the IRS and U.S. Treasury extended the federal income tax filing and 2020 payment deadline for individuals from April 15 to May 17. As…
Read More...March 26, 2020
While you may have heard about the available SBA Economic Injury Disaster Loans (ELDI), other resources are becoming available for small businesses facing hardships due to the COVID-19 pandemic and precautions. The following may be…
Read More...March 06, 2019
Retailers and service providers who sell into New Jersey and Pennsylvania must now pay state sales tax under certain conditions. In New Jersey, the rule applies to remote sellers if their gross revenue from sales…
Read More...January 30, 2019
The manufacturing industry in Pennsylvania is growing. According to the National Association of Manufacturers, the manufacturing industry in the State had a total output of $87.65 billion in 2017 compared to $79.62 billion in 2014….
Read More...December 06, 2018
As a result of the latest sweeping tax reform, there are about 8,700 designated Opportunity Zones throughout the United States. Navigate the below map to find eligible municipalities and speak with your CPA about the…
Read More...December 06, 2018
Pennsylvania residents: Looking for a tax planning opportunity? There is an alternative method for paying Pennsylvania state income tax which allows taxpayers to convert Pennsylvania income taxes into charitable contributions which benefit Pennsylvania Nonprofit Scholarship…
Read More...March 06, 2018
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…
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