Our Thoughts On Archive

2018 Brings Additional Withhholding Requirements for Payors of Pennsylvania-Source Income

In October of 2017, Pennsylvania Governor Tom Wolf signed into law Act 43 (“the Act”). Among the other provisions of this Act, companies are

Financial Statements: Impact of Tax Reform on Deferred Taxes

The Tax Cuts and Jobs Act of 2017 (the Act) was signed into law on December 22, 2017 by President Trump. While everyone has been concerned with tax planning

Disallowance of the Entertainment Expense

The Tax Cuts and Jobs Act permanently repealed most business deductions related to entertainment, amusement, or recreation activities or a facility used

New Limitation on Business Losses of Non-Corporate Taxpayers

The Tax Cuts and Jobs Act expanded certain pass-through limitations on losses for non-corporate taxpayers. The new provisions limit the aggregate amount

IRS PUTS SMALL BUSINESSES ON ALERT

The Internal Revenue Service (IRS) recently issued a News Release (IR 2017-198) to heighten awareness of identity theft toward small businesses. In the

IRS Implements Stricter Identity Proofing Process for E-Service Users

As data protection grabs center stage in our increasingly digital world, the IRS has taken steps to enhance its own digital regulation policies. One such