Being Proactive and Catching Issues in Employee Benefit Plans

Are you Keeping up with your Reportable 1099 Payments?

Apart from the typical non-employee, individual whom you consider a subcontractor, are you aware of everyone who is in need of a 1099-Misc come January 31st of the subsequent year? The best practice you can do for yourself (and your accountant!) is to keep up with...
Being Proactive and Catching Issues in Employee Benefit Plans

Fall Back… Plan Ahead

It is scary to think that Halloween has come and gone and we now have less than two months left in the year.  Where has the time gone? The only thing more frightening than ghosts and haunted houses is ending the year without knowing your 2017 projected tax liability....
Being Proactive and Catching Issues in Employee Benefit Plans

What You Need to Know about the Blockchain

“The Blockchain” – What is it and how will it impact the accounting world? You are bound to have seen headlines about blockchain technology and/or bit coin digital currency.  Countless pieces on the new phenomena have been popping up recently in news publications and...
Being Proactive and Catching Issues in Employee Benefit Plans

Work Hard, Play Hard

“Work hard, play hard.” Though we’ve all probably heard this saying, perhaps more of us should take it to heart. Recently, I took a day to go down to our Wilmington, Delaware office to work and then go to lunch with Brooke, a tax manager, and Kathy, who is in our...
Being Proactive and Catching Issues in Employee Benefit Plans

Is Your Identity Locked?

Unfortunately, identity theft is on the rise. According to a 2017 Identity Fraud Study conducted by Javelin Strategy and Research, 15.4 million Americans have fallen victim to identity thieves in 2016. This was up 16% from 2015. Although credit card companies as well...
Being Proactive and Catching Issues in Employee Benefit Plans

Local Taxes – A Thorn in a Business Owner’s Side

A straightforward concept, you run your business fully aware that the federal government, and in most cases the state governments, will impose a tax on your annual activity.  However, what most business owners in Pennsylvania do not realize is that there is most...
Being Proactive and Catching Issues in Employee Benefit Plans

Digging into the Details of Those Securities’ Portfolios

Dividends – Qualified or Non-Qualified – Does it matter? It sure does.  Qualified ones can be federally taxed at between zero (this is not a misprint) and twenty percent.  The Non-Qualified ones merit no favorable rate as the qualified ones do; thus, they are taxed as...
Being Proactive and Catching Issues in Employee Benefit Plans

The Philadelphia School Income Tax

Although the School income tax has been in force for at least the last 30 years, it often is ignored by taxpayers and at times, the City. Based upon a few recent calls, it is a good time to review the Philadelphia School District’s School Income Tax (Form S-1).  The...
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