test

Entries by

Word to the Wise – June 2023

Planning ahead is the theme for this edition of Word to the Wise. Our June 2023 issue focuses on mid-year tax planning. Articles of interest include: Should you have questions about this topic, or any other topics related to your personal or business situation, please contact us at any time. To read this edition of Word to […]

Processing Time for Amended Returns Up to 20 Weeks or Longer Per IRS

The IRS reported that processing delays and backlogs are being cleared at a faster rate when compared to last year. While all paper and electronic individual returns received before January 2023 have been processed, certain returns have a processing time of up to 20 weeks or longer. For those of you waiting for a response […]

IRS Makes Improvements for Small Business Owners

Inspired by National Small Business Week, the IRS announced how they plan to improve processes and services for small business owners. Communicating with Small Business Owners Improving how the IRS communicates with taxpayers has been a priority since the pandemic. For small business owners, the IRS will add new improvements to phone service, in-person service, […]

Valuation and Litigation Briefing May/June 2023

We are pleased to share the May/June issue of Valuation and Litigation Briefing with you. In this issue, you will find the following articles: As always, if you have questions or currently in need of valuation services, please reach out to John F. Maloney, CPA, CFF, CVA, ABAR at 215.675.8364. To read the May/June 2023 issue, […]

Contractor Newsletter May/June 2023

We realize the April 18th tax deadline was only a few weeks ago, but in this issue of Contractor, we include an article on midyear tax planning for construction business owners as well as details regarding implications of PIP (pay-if-paid) clauses. Articles: As always, if you have questions on any of these articles or other […]

Clean Vehicle Credit Guidance Update

The IRS issued updated guidance as it relates to the new clean vehicle credit. Effective April 18, the new requirements state: “if you take possession of a new clean vehicle on or after April 18, 2023, it must meet critical mineral and battery component requirements to qualify for the tax credit.  This applies even if […]

Tax Freedom Day 2023

Sometime during the 1940s, the following question was asked “If the average worker sent his entire paycheck to the government starting on January 1st, how many days would that person need to work before they were able to keep any of their own money?” Each year the Tax Foundation computes the answer. In 2023, yesterday, […]

Word to the Wise April 2023

This month we are sharing articles to help businesses and individuals take steps to save money. Steps include reviewing annual expenses, specifically expenses that are recurring or on auto-pay. We also include 5 tips for small businesses to use when reviewing insurance policies. And for those of you wondering why tax day is on April […]

Valuation & Litigation Briefing March/April 2023

In this issue of Valuation & Litigation Briefing, we include information about a family business and a dispute which resulted in an inappropriate discount for lack of marketability (DLOM); the importance of considering tax issues when executing a divorce or settlement agreement; alternative methods of assessing damages that experts use for companies without an established […]

Celebrating Women During March

The month of March has many commemorative dates celebrating women including International Women’s Day, Women in Construction week, and Women’s History Month. As March comes to a close, we would like to share a story about one of our senior tax managers, Suzanne (Suzy) Feldman, CPA, MT. In 2016, Suzy was looking forward to retirement. […]