Newsletter

Philadelphia Responds to Wayfair, Establishes Economic Nexus

After the U.S. Supreme Court decided on South Dakota v. Wayfair, 585 US in 2018, the city of Philadelphia amended the Business Income and Receipts Tax (“BIRT”) regulation to impose economic nexus. The BIRT is a privilege tax; it consists of net

September 3, 2019

New Jersey Tax on Short-Term Rentals

Looking to spend a relaxing week at the Jersey Shore?  Thinking of renting out your own beach house for a week when you cannot make it down the shore?  Both activities will now cost you more due to a new tax

August 6, 2019

UPDATE: Potential New Effective date for New Lease Accounting

Private companies can take a deep sigh of relief (for now) as FASB has proposed delaying the effective date for private companies to January 1, 2021.  This delay would give companies an additional year to put into effect the new accounting

August 6, 2019

Tax Cuts and Jobs Act – 2019 Changes

There is nothing wrong with change, if it is in the right direction.  -Winston Churchill 2018 was definitely a unique tax year given the numerous tax law changes brought about by the 2017 Tax Cuts and Jobs Act.  Although not nearly

August 6, 2019

Stephano Slack Sponsors Special Olympics of Delaware

On June 14th, Stephano Slack once again volunteered at the Special Olympics of Delaware. Participating in this event has become a tradition for our firm, so much so that this year we are proud to announce that we were sponsors!

June 28, 2019