News & Resources

Tax

Relaxed Deadline for Filing and Paying Corporation Tax

Relaxed Deadline for Filing and Paying Corporation Tax

Corporations in Pennsylvania are getting a relaxed deadline for filing and paying corporation tax. The PA Dept. of Revenue has provided a summary of tax extensions in response to the novel coronavirus (COVID-19). Read more

Tax

PDOR Warns of COVID-19 Scams

PDOR Warns of COVID-19 Scams

Beware of novel coronavirus (COVID-19) scams aimed at Pennsylvania residents, says the PA Dept. of Revenue (PDOR). Scammers are using phishing scams to target taxpayers who are expecting federal stimulus payments. Read more

Tax

April 15th Filing Deadline Extended to July 15th

April 15th Filing Deadline Extended to July 15th

According to Secretary Steven Mnuchin today, the April 15th tax deadline is being extended to July 15th. Read more

Tax

Additional Guidance Issued Clarifying Payment Deferral

Additional Guidance Issued Clarifying Payment Deferral

The Secretary of the Treasury issued additional guidance today pursuant to Notice 2020-17 clarifying that the payment deferral also applies to trusts and estates, as well as to 1Q 2020 estimates. Read more

Tax

Guidance on meal and entertainment deducations provided by the IRS

Guidance on meal and entertainment deducations provided by the IRS

The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December 31, 2017. Read more

Tax

Do you pay non-employee compensation in excess of $600?

Do you pay non-employee compensation in excess of $600?

If you pay non-employee compensation in excess of $600 in 2020 or later, form 1099-NEC will need filed instead of form 1099-MISC. Read more

Tax

SECURE Act Changes the Required Minimum Distribution Age from 70-1/2 to 72

SECURE Act Changes the Required Minimum Distribution Age from 70-1/2 to 72

The "Setting Every Community Up for Retirement Enhancement Act of 2019" (the SECURE Act) was signed into law on December 20, 2019. The SECURE Act lays out major changes for retirement plans and IRAs, and creates a new pooled multiple employer plan. This is a summary of the changes. Read more

Taxpayers should take some security steps during the holidays

Taxpayers should take some security steps during the holidays

The Pennsylvania Dept. of Revenue (PDOR) is warning taxpayers to take a few basic security steps during the holidays. Read more

Tax

Rules relating to mileage-related deductions are updated by the IRS

Rules relating to mileage-related deductions are updated by the IRS

New guidance has been issued by the IRS updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. Read more

Tax

Factor 2020 cost-of-living adjustments into your year-end tax planning

Factor 2020 cost-of-living adjustments into your year-end tax planning

The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some stayed at 2019 levels. As you implement 2019 year-end tax planning strategies, be sure to take these 2020 adjustments into account in your planning. Read more

Tax

New Corporate Net Income Tax Rules Issued by the Pennsylvania Department of Revenue

New Corporate Net Income Tax Rules Issued by the Pennsylvania Department of Revenue

Considering the U.S. Supreme Court "Wayfair v. South Dakota" decision of 2018, the PA DOR has adopted new nexus requirements for purposes of PA corporate income tax. Read more

Tax

Reminder: Estimated tax due 9/16

Reminder: Estimated tax due 9/16

If you are a Pennsylvania resident who owes estimated PA income tax, your next due date is rolling up fast. The third installment of 2019 tax is due on Sept. 16. Read more

Tax

Taxpayer First Act Signed into Law

Taxpayer First Act Signed into Law

President Trump signed the Taxpayer First Act into law on July 1, after the package of far-reaching IRS reforms received strong bipartisan support in the House and Senate last month. Read more

Tax

Pennsylvania Tax Post 6/12/2019

Pennsylvania Tax Post 6/12/2019

If you are a Pennsylvania resident who owes estimated PA income tax, your next due date is rolling up fast. Read more

Tax

Pennsylvania Tax Post 5/15/2019

Pennsylvania Tax Post 5/15/2019

As a Pennsylvania resident, you may have received a letter regarding purchases made online or by catalog in the last year. Read more

Tax

IRS Waives 2018 Underpayment Tax Penalties for Many Taxpayers

IRS Waives 2018 Underpayment Tax Penalties for Many Taxpayers

The IRS has some good news for certain taxpayers it is waiving some underpayment penalties for those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the year. Read more

Tax

2019 Tax Calendar

2019 Tax Calendar

To help you make sure you don't miss any important 2019 deadlines, we've provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Read more

Tax

1099 PA Withholding Reminder

1099 PA Withholding Reminder

Beginning on January 1, 2018, and continuing in 2019, Pennsylvania businesses and non-profits are required to withhold Pennsylvania Personal Income Tax on nonemployee compensation that is paid to nonresident individuals and single-member LLCs that have a nonresident owner for "work performed Read more

Tax