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Business Taxes


No business owner wants to hear that the Pennsylvania Department of Revenue believes you owe it taxes, interest and/or penalties. And while a tax assessment notice is certainly unpleasant, it may help ease your concern to learn about some of the issues around such assessments.

No business owner wants to hear that the Pennsylvania Department of Revenue believes you owe it taxes, interest and/or penalties. And while a tax assessment notice is certainly unpleasant, it may help ease your concern to learn about some of the issues around such assessments. One such area is industry standards, which is when the[…]

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Business owners who are moving their businesses can claim a number of deductions, although the IRS has certain requirements that must be met. It is always recommended that you check with a tax professional and the IRS to confirm your individual situation. The cost of moving business equipment, including all computers and peripheral equipment, supplies,[…]

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When the Tax Cuts and Job Act (TCJA) became law in 2017, the United States tax code significantly changed.  Those changes, from deductions and accounting methods, to succession planning opportunities, have important implications for many taxpayers. Additionally, TCJA expanded many states’ tax bases and initiated discussions on tax conformity. At the end of 2018, only[…]

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Whether you’re considering a startup business or have already begun one, be sure you don’t overlook the important matter of taxes. Experts strongly advise business owners to take time to look at businesses similar to theirs and research how they are handling taxes, including what structure they are using to establish their startup. While many[…]

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The ABCs of Cryptocurrency Accounting Bitcoin Cryptocurrency We expect there to be major changes this year in how the IRS will enforce cryptocurrency gains. In this blog post we explore the definition of cryptocurrency and what you need to know about accounting for cryptocurrency transactions and reporting cryptocurrency gains on your 2018 tax return. What[…]

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