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Small and medium-sized businesses often struggle with finding business applications suitable for their needs. Often times SMBs are only left with old school options that support dated accounting systems, constraining
Many depreciation provisions were made permanent by the PATH Act. More types of improvements are now eligible for these tax benefits. Check to see if you can take these deductions.
As manufacturing and production processes have increasingly left the United States in pursuit of cost savings, Congress has sought to create incentives whose primary aims are business retention and bolstering
In an effort to combat identity theft, the IRS and various taxing authorities are now requiring a drivers license number when filing state and federal income taxes. However, even though
There are few developments as controversial as cutting back on promised retirement benefits offered through company and multiemployer plans. The Multiemployer Pension Reform Act of 2014 included provisions allowing for
The current income tax laws afford taxpaying corporations (“sub chapter C corporations”) a graduated tax rate regime similar to that applicable to individual taxpayers, albeit with fewer “tax brackets”. The
Coming up with a plan for the future is not an easy thing to do. Choosing what you want to study in college is one of the toughest, and most
A recent Tax Court decision, illustrates, once again, the folly in filing inaccurate income tax returns and taking deductions that are unsubstantiated! The taxpayer, Barry Bulakites, is an insurance consultant
Pennsylvania, as all states do, struggles to collect taxes due from all sources. This is especially true with respect to sales and use taxes due on goods purchased out of
An employee stock ownership plan (ESOP) is a retirement plan that is permitted to invest some, or all, of its assets in employer stock. ESOP plans are often sponsored by small
Melissa A. Bizyak, was honored by the Pennsylvania Institute of CPAs (PICPA) with the association’s inaugural Women to Watch award. Four female CPAs from across the State of Pennsylvania were
Taxpayers involved in “passive” business activities are generally permitted to use those losses to offset income generated by other passive business activities. Passive activities are those in which the taxpayer
