One of the advantages of using an experienced tax professional for tax preparation and tax planning services is that you are kept abreast of new tax law changes and developments.
PA Gov. Corbett has signed into law, effective January 1, 2014, that protects PA businesses from double taxation. House Bill 1513, now Act 42 of 2014, clarifies the assessment of the business privilege tax in PA by restoring predictability and fairness. This law is a response to a 2007 PA Supreme Court decision, Rendina Inc. v. Harrisburg and the Harrisburg School District, that created a great deal of uncertainty, and in some cases, the potential for double taxation of gross receipts. In Redina, the court ruled that a municipality can tax an entity that lacks a permanent base of operations within its borders. The new law will specifically prohibit [Read more…] about GROSS RECEIPTS TAXES PAID BY A PA BUSINESS