Pennsylvania’s tax code underwent several changes in November 2017, when Governor Tom Wolf signed Act 43 into law. One of the most significant results of that legislation was the creation…
The Good, the Bad and the Unknown of Gov. Wolf’s 2018-19 Budget Proposal
The 2018-19 Fiscal Year budget address delivered by Pennsylvania Governor Tom Wolf yesterday was short and sweet. While recognition of the Philadelphia Eagles’ recent Super Bowl victory opened the proceedings…
Small Business Owners: Here’s How to Handle a PA Schedule C Desk Review Notice
Many small business owners use Schedule C to report profit or loss from business or profession on their personal income tax returns. Thanks to closer scrutiny and technological advancements from…
PA Supreme Court NOL Ruling Changes Deduction Moving Forward, Creates Uncertainty for Past Filings
Two years ago, the Commonwealth Court sided with corporate taxpayers in Nextel Communications of the Mid-Atlantic, Inc. v. Commonwealth of Pennsylvania, declaring unconstitutional the state’s cap on deductible net operating…
Can PA Tax Amnesty Program Benefit You or Your Business?
Pennsylvania’s budget for Fiscal Year 2016-17 included the chance for delinquent or non-filers to come into state tax compliance through a 60-day amnesty period. Last fall, the Pennsylvania Department of…
