January 2019

IRS Issues New Guidance for 20% Qualified Business Income Deduction Including Addressing Rental Real Estate

On January 18, the Internal Revenue Service issued final regulations and three related pieces of guidance regarding the new 20 percent Qualified Business Income (QBI) deduction for pass-through businesses under Code section 199A. The new QBI deduction, created

January 22, 2019

Sales and Use Tax: Pennsylvania Adopts Economic Nexus

In response to the U.S. Supreme Court’s Wayfair decision, effective July 1, 2019, taxpayers that exceed the PA sales threshold of $100,000 must: -          Register for a license -          Collect, report, and remit sales tax Marketplace Facilitator: A marketplace facilitator

January 17, 2019

Stephano Slack Announces Two Promotions

WAYNE, PA- JANUARY 15, 2019 – Stephano Slack, LLC, a leading regional accounting and consulting firm, recently announced the promotions of Ryan May and Matthew Kardish to senior accountant. “Both Ryan and Matthew have been with the firm

January 14, 2019

Delaware Creates Angel Investor Credit

The Angel Investor Job Creation and Innovation Act created a personal income tax credit for qualified investments in certain Delaware based small businesses. It is a refundable tax credit worth up to 25% of the investment. Qualified

January 8, 2019

Preparing for the Year End

As 2019 is beginning, there are several things clients can do to begin to prepare for the upcoming audit and/ or tax return request lists sent by their accountants.  Sometimes these lists can feel overwhelming and daunting

January 8, 2019