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personal taxes


Republished with permission. If the pandemic completely changed what a day at work looks like for you, you’re not alone. 20 percent of working adults have transitioned to remote work due to COVID-19.1 Adapting to this new workspace isn’t easy, particularly with many companies forced to cut pay in order to preserve non-essential employees. And this[…]

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Donor-advised funds are among the fastest growing tools in the philanthropic arena. While they make up a relatively small part of philanthropic giving, they hold billions of dollars. These accounts allow the donor to make charitable contributions of cash, stock or other assets, such as property and artwork, and receive an immediate tax deduction for[…]

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As we have shared before, the IRS changed the withholding tables earlier this year after the passage of the Tax Cuts and Jobs Act of 2017.  As a result, a recent poll of members of the Pennsylvania Institute of Certified Public Accountants (PICPA) revealed that a large majority of their clients needed to adjust their[…]

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Making improvements and renovations to your home is an expensive proposition. Whether the improvement is a necessity such as replacing a leaky roof or a luxury such as adding a theater room to your basement, you want to maximize your investment. One frequently asked question is whether money spent on home improvements can be deducted[…]

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Whether you are handling your personal finances or doing small business accounting, it is important to understand capital gains taxes. Put simply, you must pay capital gains taxes anytime you sell an asset for profit. However, there are many factors that can influence how much you owe the IRS. Below are a few important terms[…]

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