As a result of the Tax Cuts and Jobs Act, the IRS has released an IRS Withholding Calculator to help individuals determine if they are on target with their federal withholding.

The centerpiece of the Tax Cuts & Jobs Act (the “Act”) was the reduction in the top corporate income tax rate from 35% to 21%.  This includes personal service corporations … Continued

We are writing to make you aware of a significant change in Pennsylvania tax law that may impact your business. The changes made are for 2018 Form 1099s which will … Continued

The new tax law resulted in several changes to deductions individuals can take on their personal income tax returns. When planning for the 2018 tax year it is important to be aware of these changes and how they will impact each individual filing an income tax return.

The Tax Cuts and Jobs Act changed and suspended many deductions that taxpayers could take on their individual tax returns.

Many people think that nonprofit organizations (NPOs) are immune to changes in regulations affecting income tax. 

With the tax reform bill signed into law it is time to prepare for changes to the existing withholding tables and systems. Although the new tax bill has initially taken effect as of January 1, 2018, the IRS is still working on developing and issuing the withholding guidance.

Bookkeeping is not likely the first item on a business owner’s list of things they enjoy about running their company.

As we approach year end, now is a good time to review the changes in business tax provisions including those provisions that have expired in 2016 and future years and provisions that began in 2017.