Word to the Wise – November 2019

Save Money with These Year-End Ideas There's still time to reduce your potential tax obligation and save money this year (and next). Here are some ideas to consider: Estimate your 2019 and 2020 taxable income. With these estimates you can determine [...]

Word to the Wise – October 2019

Another Year, Another New 1040 In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some [...]

PA Law Expands E-Verify in the Construction Industry

H.B. 1170, the Construction Industry Employee Verification Act (the Act) recently passed by the General Assembly of Pennsylvania, will require all construction-industry employers to verify all new hires in E-Verify. The E-Verify program, which is managed by the U.S. Department […]

Word to the Wise – September 2019

The IRS is Not Always Right A letter in the mailbox with the IRS as the return address is sure to raise your blood pressure. Here are some tips for handling the situation if this happens to you: Stay calm. [...]

Should you Elect S Corporation Status?

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people may also be able to lower their exposure to Social Security and […]