News, Tax & Accounting Resources
A tax checklist for newly married couples
Marriage changes a lot of things and taxes are on that list. Newlyweds should know how saying “I do” can affect their tax situation. Here’s a checklist of items for newly married couples to review: Name and address changes - Name. When a name changes through marriage,...
Should You Incorporate Your Business?
You may have started your business as a simple sole proprietorship that files its taxes as a Schedule C on your Form 1040. As your business grows, you may want to change the structure. Here are several scenarios where it may make sense to do just that. Reasons to...
Answers to Common COVID-19 Unemployment Questions
The recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act provides individuals and businesses significant financial relief from the financial strain caused by the coronavirus epidemic. Here is a snapshot of the unemployment benefits section of the...
Ideas to Help Make Payments During Tough Times
How to get cash quickly when you're out of work You’re not alone in trying to navigate the financial uncertainty during the coronavirus pandemic. Millions of American workers who lost their paycheck because of COVID-19 need to find creative ways to pay bills. Here are...
Wage Tax policy guidance for non-resident employees
CITY OF PHILADELPHIA DEPARTMENT OF REVENUE March 26, 2020 Non-resident employees based in Philadelphia are not subject to Philadelphia Wage Tax during the time they have been ordered to work outside of Philadelphia. The Philadelphia Department of Revenue has not...