NEWS
There still may be time to make an IRA contribution for last year
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
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...
What’s “quiet quitting” and why is everyone talking about it?
They say it came from TikTok. If you’ve heard or read the term “quiet quitting” recently, you might have wondered what it means and why everyone seems to be talking about it. Simply defined, quiet quitting is when employees show up for work but basically stop trying....
3 ways your business can uncover cost cuts
Every business wants to find them, but they sure don’t make it easy. We’re talking about cost cuts: clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs — such...
PA Department of Revenue Scam Warning: Deceptive ‘Final Demand For Payment’ Letters Again Targeting Pennsylvanians
Alert from the PA Department of Revenue: With the tax filing season underway, the Department of Revenue is encouraging Pennsylvanians to be on the lookout for scams that are designed to trick people into turning over sensitive data and personal information. One...
The Consolidated Appropriations Act of 2023 tackles retirement planning, conservation easements
The Consolidated Appropriations Act of 2023 includes two important new laws that could affect your financial planning: the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act (also known as SECURE 2.0) and the Conservation Easement Program Integrity...
2023 Tax Calendar
To help you make sure you don’t miss any important 2023 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...
Year-end tax planning ideas for your business
It’s been a tumultuous year for many businesses, and the current economic climate promises moreuncertainty for the short term, if not longer. Regardless of how your company has fared so far in 2022,there’s still time to make moves that may reduce your federal tax...
6 steps to take now to cut your 2022 tax liability
It has been quite a year — high inflation, rising interest rates and a bear stock market. While there’s not a lot you can do about any of these financial factors, you may have some control over how your federal tax bill for the year turns out. Here are some strategies...
Clean Vehicle Credit comes with caveats
The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions receiving considerable attention from consumers is the expansion of the Qualified Plug-in Electric Drive Motor...