Nearly three decades after expiring, the Superfund chemical excise tax is back. This excise tax, which is imposed on certain chemicals and imported chemical substances, was reinstated effective July 1,…
How the Inflation Reduction Act Affects Corporate and Individual Taxes
President Biden signed the Inflation Reduction Act into law on August 16, 2022. The bill contains provisions intended to fight climate change, reduce health care costs and lower the federal…
Employers Beware: Wellness Programs Promise Tax Savings, Create Liabilities
Wellness coaching, personal health dashboard, higher take-home pay, no out-of-pocket costs – all of this sounds like a great employee benefits experience, doesn’t it? From an employer perspective, what if…
The Tax Impacts of Pennsylvania’s 2022-23 Budget
A few days late but a few dollars ($1.5 billion) higher than Governor Wolf’s proposal, Pennsylvania has passed its budget for the 2022-23 fiscal year. Beyond simply allowing the state…
State Income Tax Consequences of Remote Workers
Hiring a remote worker outside a company’s home state has state tax implications. Many companies understand that they will likely have new payroll tax obligations, and that they may have…