Insights
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Quarter 3 Estimates
September 9, 2022
Estimated payments for Quarter 3 must be post-marked by Thursday, September 15, 2022
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Pennsylvania Electronic Payment Requirements
July 19, 2022
Details about electronic payment requirements in Pennsylvania
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June 2022 Tax Updates and Tips
June 8, 2022
Important tax updates
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June 2021 Tax Updates
June 29, 2021
ACA Update On June 17, 2021, a decision was rendered by the Supreme Court in CALIFORNIA, ET AL. v. TEXAS, ET AL. The challenge to the constitutionality of the Affordable Care Act was denied, leaving the law intact. Advance Payment of Child Tax Credit Starting in July, the IRS will begin issuing advance payments of the temporarily […]
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April 15 Deadline Reminder
April 14, 2021
Although the IRS and many state and local jurisdictions have extended the 2020 Individual tax filing deadline to May 17, 2021, there are a handful of tax filings and payments that still adhere to the original April 15th deadline. The tax filings that are still due this Thursday include corporation, gift, and trust filings as well […]
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Corporate tax proposals outlined in Biden’s proposed infrastructure plan
April 1, 2021
Yesterday President Biden released details on an infrastructure plan known as the American Jobs Plan. As part of this, the Made in America Tax Plan was also released; this is designed to fund a significant portion of the infrastructure initiatives. Tax reform contained in this release focuses only on corporate measures (although Biden has committed […]
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Current Economic Outlook
March 16, 2021
2021 Economic expectations and developments: As we progress into this year, we expect strong growth from 2021 driven by an economic reversion to norms (recovery) contingent on the control of the virus and roll out of the vaccine. Unemployment rates may remain higher than pre-Covid levels as some businesses continue to struggle, emerging from the […]
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Important Tax Updates - February/March 2021
Treasury, IRS Extend Upcoming Filing and Payment Deadline The Treasury Department and Internal Revenue Service announced Wednesday, March 17 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Information on state congruence and information on quarterly filings […]
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Update: PA Decennial Report
February 22, 2021
On January 15, 2021, the state of Pennsylvania issued postcard alerts giving notice to businesses regarding the upcoming filing requirements for the PA Decennial report. This report confirms the continued existence of entities registered in the state of Pennsylvania and is required every ten years. Failure to file a decennial report between January 1st and December 31st, 2021 could result […]
