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
Business Strategies
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
Schedule C Filers – Take Note
Remember It Takes Two to Tango - When You Sign Your Tax Return, You Are Attesting, Under Penalties of Perjury That Your Return Is True and Correct - Don’t Become a Co-Conspirator Let’s … [Read more...] about Schedule C Filers – Take Note
Employers Take Note: New Version of Form I-9 is Available
A New Version of Form I-9 is Available – Employers Need to Use This Form When Hiring New Employees What is Form I-9? Federal law requires that every employer who recruits, refers for a fee, … [Read more...] about Employers Take Note: New Version of Form I-9 is Available
