Blog Posts

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’s Bowling Bonanza for Bringing Hope Home

Click here to register!  

November 8, 2018

Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment

The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation.  Taxpayers can take a deduction for

August 29, 2018

Small Businesses Get Automatic Consent for Accounting Method Change

The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to

August 29, 2018

Tax Imposed on Delaware Series LLCs

Delaware legislation has authorized the formation of series limited liability companies. Beginning August 1, 2019, registered DE series LLCs will have an annual tax imposed. A series LLC is a unique entity that consists of separate, individual interests. 

August 29, 2018