We can all learn from the mistakes of others. If you work closely with your tax professional and use him/her for tax planning services rather than merely tax preparation services, you would better … [Read more...] about A LESSON LEARNED – WHAT YOU NEED TO KNOW WHEN CLAIMING NON-CASH CHARITABLE CONTRIBUTIONS
PHILADELPHIA NOTICE TO EMPLOYERS
The Philadelphia Department of Revenue (PDOR) had announced that effective January 1, 2015, ALL employers are required to provide notice of the federal Earned Income Tax Credit (EITC) program to all … [Read more...] about PHILADELPHIA NOTICE TO EMPLOYERS
EXPENSES PAID BY OTHERS THAT YOU CAN DEDUCT
Since taxpayers and tax preparers often discuss expenses that cannot be deducted, let’s discuss expenses paid by another person that a taxpayer can deduct. Perhaps this discussion may save you from … [Read more...] about EXPENSES PAID BY OTHERS THAT YOU CAN DEDUCT
FINDING THE TIME TO WORK ON YOUR TAXES
We will soon be publishing a book that focuses on helping the small business owner achieve financial success. In this book, we discuss the importance of devoting the necessary time to address the … [Read more...] about FINDING THE TIME TO WORK ON YOUR TAXES
WHAT DOES PA ALLOW AS UNREIMBURSED EMPLOYEE EXPENSES?
On our Sept. 23, 2014 blog posting we addressed how the PA Dept. of Revenue (DOR) is carefully scrutinizing taxpayers who claim unreimbursed employee expenses on Form PA UE-1. The PA DOR released a … [Read more...] about WHAT DOES PA ALLOW AS UNREIMBURSED EMPLOYEE EXPENSES?
HOME OFFICE DEDUCTION – PA 40 INDIVIDUAL TAX CONSIDERATIONS
Before looking at the PA rules, let’s quickly review the federal income tax rules for claiming a home office. If a portion of an apartment or residence is used for business, a taxpayer may be able … [Read more...] about HOME OFFICE DEDUCTION – PA 40 INDIVIDUAL TAX CONSIDERATIONS
