Safeguarding EINs to Prevent Identity Theft

Interest on Home Equity Loans

May 9, 2018 | Blog Posts

Does the buzz about the new tax laws have you second guessing your second mortgage? Second guess no more! The IRS has stated that taxpayers are, in many cases, still able to deduct interest on a home equity loan, a home equity line of credit, or a second mortgage. It...
Safeguarding EINs to Prevent Identity Theft

New Jersey Income Tax Exemption for Veterans

Feb 27, 2018 | Blog Posts

New for 2017 You are eligible for a $3,000 exemption on your Income Tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active duty in the Armed Forces of the United States on or any time before the last...
Safeguarding EINs to Prevent Identity Theft

UPDATE – PA 1099 Withholding Requirements

Feb 27, 2018 | Blog Posts

Pennsylvania DOR delays the new 1099-MISC withholding requirements The Pennsylvania Department of Revenue has recognized that additional time will be needed for businesses and the department to be in compliance with the new withholding provisions of Act 43 of 2017,...
Safeguarding EINs to Prevent Identity Theft

Bipartisan Budget Act (Extenders)

Feb 27, 2018 | Blog Posts

The Bipartisan Budget Act of 2018, signed February 9th, 2018 Retroactively Extended the Following Provisions (except as noted) through December 31st, 2017. Sec. 40201. Extension of exclusion from gross income of discharge of qualified principal residence indebtedness....
Safeguarding EINs to Prevent Identity Theft

Cyber Security

Feb 6, 2018 | Blog Posts

“Congratulations, you are the 1,000,000th person to visit this site!  Click here to claim your $10,000 prize!” We have all seen these flashing boxes while browsing the web and dismiss them immediately for being a threat to our cyber security. A rule of thumb when it...
Safeguarding EINs to Prevent Identity Theft

New Financial Reporting Rules for Not-For-Profit Entities

Jan 2, 2018 | Blog Posts

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2016-14 that will change the structure and general financial statement presentation of not-for-profit entities. The goal of these changes is to improve the financial...
Safeguarding EINs to Prevent Identity Theft

This new City of Philadelphia tax policy may affect you!

Dec 13, 2017 | Blog Posts

Starting with payments due in April 2018 for Tax Year 2017, taxpayers who owe $5,000 or more for the Business Income and Receipts Tax or the Net Profits Tax must pay those taxes electronically. Taxpayers can make electronic payments through: Online Methods • eCheck...
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