Jun 12, 2018 | Blog Posts
It’s never too early to start thinking about your 1099-MISC preparations for 2018. The deadline for filing is January 31. This may seem like a long way out, but do yourself a favor and reduce the last minute rush of collecting W-9s by reviewing your vendors now. Are...
Jun 12, 2018 | Blog Posts
Many people are aware that the tax rate for C-Corporations lowered to 21% across the board, but what many do not know is that there is a potential 20% deduction on Qualified Business Income (QBI) for owners of pass-through entities, Schedule C businesses and even...
Jun 12, 2018 | Blog Posts
The accounting landscape in the United States was inundated at the end of 2017 with the impact of the Tax Cuts and Jobs Act (TCJA) on individuals and their personal tax returns. Now that the tax deadline has come and gone, business owners need to focus on how...
Feb 27, 2018 | Blog Posts
New for 2017 You are eligible for a $3,000 exemption on your Income Tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active duty in the Armed Forces of the United States on or any time before the last...
Feb 27, 2018 | Blog Posts
Pennsylvania DOR delays the new 1099-MISC withholding requirements The Pennsylvania Department of Revenue has recognized that additional time will be needed for businesses and the department to be in compliance with the new withholding provisions of Act 43 of 2017,...
Feb 27, 2018 | Blog Posts
The Bipartisan Budget Act of 2018, signed February 9th, 2018 Retroactively Extended the Following Provisions (except as noted) through December 31st, 2017. Sec. 40201. Extension of exclusion from gross income of discharge of qualified principal residence indebtedness....
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