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The 2022 gift tax return deadline is coming up soon

by DunlapSLK | Mar 30, 2023 | Resources For Individual Taxpayers, Uncategorized

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway. Filing...

Many tax limits affecting businesses have increased for 2023

by DunlapSLK | Mar 29, 2023 | Resources For Employers, Uncategorized

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation,many have increased more than usual for 2023. Here are some that may be important to you and yourbusiness. Social Security tax The amount of employees’ earnings that...

Employers should be wary of ERC claims that are too good to be true

by DunlapSLK | Mar 16, 2023 | Resources For Employers, Uncategorized

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do...

There still may be time to make an IRA contribution for last year

by DunlapSLK | Mar 14, 2023 | Resources For Individual Taxpayers, Uncategorized

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until this year’s April 18 filing...

ALERT for businesses organized as a limited partnership in Pennsylvania

by DunlapSLK | Mar 11, 2023 | Resources For Employers, Uncategorized

If you are a domestic or foreign limited partnership and recently received a postcard from the PA Department of State (DOS) indicating a need to file a Certificate of Annual Registration (CAR) and pay a fee by April 15, 2023, the PA DOS has indicated you may have...
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