Do you own stock in a high-growth small business? Or are you a founder, investor, or employee of one? If so, you should know about major tax changes in the One Big Beautiful Bill Act (OBBBA) that … [Read more...] about OBBBA Expands Tax Benefits of Qualified Small Business Stock
Business Strategies
Understanding Deferred Business Trusts: The Two-Year Rule Explained
When selling a business, owners often face a major dilemma: how to unlock the value of their company while managing the tax burden that comes with the sale. One strategy that has gained traction is … [Read more...] about Understanding Deferred Business Trusts: The Two-Year Rule Explained
New Tax Credit for PA Businesses
On July 17, 2024, Pennsylvania Governor Josh Shapiro signed House Bill 1745 into law. This bill provides a new tax credit for PA businesses that contribute to their employees' 529 plans. The … [Read more...] about New Tax Credit for PA Businesses
PA Unreimbursed Expenses
Some workers may be able to deduct eligible work-related expenses from their PA state income tax. The following information can help you determine which expenses are deductible as unreimbursed … [Read more...] about PA Unreimbursed Expenses
Happy Birthday to Health Savings Accounts
As health insurance premiums get increasingly expensive, employers are looking to shift costs to their employees. They do this by having a high deductible health plan (HDHP). These plans … [Read more...] about Happy Birthday to Health Savings Accounts
Corporate Transparency Act
In the aftermath of the released Panama Papers, US lawmakers enacted the Corporate Transparency Act. The law's stated purpose is to combat money laundering through shell companies in the United … [Read more...] about Corporate Transparency Act
