Timely Filing Vendor Discount If you have noticed that your vendor discount has been capped at $25 or an amount lesser than previously received by your company, be sure to thank Governor Wolf. … [Read more...] about PA Sales Tax Changes
Archives for December 2016
IRS Announces Standard Mileage Rates for Business, Charity, Medical and Moving
The Internal Revenue Service has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving … [Read more...] about IRS Announces Standard Mileage Rates for Business, Charity, Medical and Moving
General Partner Liable for Partnership Taxes
Employers are responsible for collecting (withholding) and remitting their employees’ payroll taxes, which includes the employee share of Social Security, Medicare and federal income taxes. Far too … [Read more...] about General Partner Liable for Partnership Taxes
Tax Implications When Selling Capital Assets
Generally, the IRS requires that a capital gain or loss be reported for tax reporting purposes when a capital asset is sold or exchanged. Thus, it is important that you understand what a capital … [Read more...] about Tax Implications When Selling Capital Assets
