It is not uncommon for business owners to wonder: when is the right time to sell my business? There are many factors that play into the change from a question…
Recent Insights
Is a Delaware Holding Company Still Viable in PA?
For years, companies have been using a Delaware Holding Company (DHC) structure to mitigate state income taxes. After years of wrestling with possible solutions, Pennsylvania introduced the Pennsylvania Tax Reform…
PA Legislation Brings Changes to Bank Shares Tax Calculation
Recent legislation in Pennsylvania brings several changes to the calculation of the Bank Shares Tax. This is a tax imposed on the apportioned taxable capital of “banks.” The term, “bank,”…
IRS Federal Tax Changes for Legally-Married, Same-Sex Couples
On August 29, the IRS announced that all legally married same-sex couples will be treated as married for federal tax purposes, effective for returns filed on or after September 16,…
Record Retention Guidelines for Business
How Long Should I Keep Records? While there are no absolute rules regarding record retention, these generally accepted guidelines apply to most businesses and situations. Download a PDF version. Accident Reports…