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, 2023, the net…

Conducting a mid-year review of your business’s books is conducive to a smooth year-end — not to mention, will help you be in a better position for a smoother and more efficient tax season. As…

While modern technology has enabled a rise in self-employed business owners, the pandemic’s impact on e-commerce growth has led to an all-time high of online micro-businesses and sellers. Everything from selling on Amazon and Etsy,…

The IRS Gift-Giving Rule You may give up to $17,000 to any indi­vidual (donee) within the calendar year 2023 without filing a gift tax return. If married, you and your spouse may trans­fer up to…

Halftime in sports is a time to pause, regroup, and consider how the team can improve.  Likewise, a middle of the year review of your payroll and HR processes can be equally beneficial. As an…

2023 will be a summer of traveling for many. After years of pandemic-related restrictions and cancellations, Americans are looking forward to an overdue reprieve this summer –and deservedly so. Even for diligent planners, vacation ex­penses…

Pop quiz: Is fraud and embezzlement more common in small or large businesses? Unfor­tunately for small businesses, since they often lack the internal controls that are typically in place at larger organizations, they are more…