One Big Beautiful Bill Act Key Tax Highlights
The One Big Beautiful Bill Act (OBBBA) was officially passed into law on July 4, 2025. The bill provides sweeping income tax ramifications for many taxpayers. Most of the tax provisions that serve as current law enacted in the Tax Cuts and Jobs Act of 2017 (TCJA) which were set to expire at the end […]
JULY CLIENT BULLETIN
America’s Birthday In honor of the 249th birthday of America, our office will be closed on Thursday and Friday, July 3rd and 4th. It will reopen on Monday, July 7th. Have a safe and enjoyable holiday. Summer Office Hours Our office will continue to be open Monday through Thursday from 8:30 AM to 4:30 […]
June Client Bulletin
2025 Estimated Tax Payments – Please Remember the Date! The 2025 second quarter federal and Pennsylvania individual and corporate estimated tax payments are due on Monday, June 16, 2025. Summer Office Hours Our office will be closed every Friday through August 29, 2025. Regular Friday hours will resume on September 5. IRS Announces Interest Rates […]
May Bulletin
MEMORIAL DAY On Monday, May 26, 2025, our office will be closed in observance of Memorial Day, a national holiday. The office will reopen on Tuesday, May 27th at 8:30 AM. IRS Encourages Taxpayers to Check Withholding Now for 2025 The Internal Revenue Service reminds taxpayers that proper tax withholding now is key to avoiding […]
April Bulletin
April 15th Deadline Remember that April 15 is the due date this year to file your individual tax returns or an extension if you need more time to prepare them. This does not extend the date to pay your outstanding liability. All tax payments for federal, state and local governments must be paid with your […]
MARCH BULLETIN & CLIENT LINE
Date to Remember March 17th2024 Tax Return Form-1065, U.S. Partnerships and Form-1120S – U.S. S-Corporations for calendar year and calendar year foreign corporations with offices in the United States must be filed by March 17, 2025. If you are unable to file, an extension of time can be granted by filing Form 7004, Application for […]
Tax Relief for Natural Disaster Victims
The Federal Disaster Tax Relief Act of 2023 (H.R. 5863) was signed into law on December 12, 2024, by President Biden. The Act can benefit individual taxpayers affected by federally declared disasters that began between December 28, 2019 and December 12, 2024, and ended no later than January 11, 2025. The Act allows individual taxpayers […]
February Bulletin
New Employee We are happy to announce that Dan Meuleners has joined the firm as a Staff Accountant. Dan is a graduate of Souderton High School and Penn State University where he earned a degree in Finance. After graduating from PSU, Dan spent 6 years in Turkey serving as a missionary. He currently resides with […]
QuickBooks Online Fraud Alert
Alert for QuickBooks Online users! Business owners using QuickBooks Online have been the recent target of internet fraudsters. To date, a myriad of cases have been reported, where scammers are commandeering user data and holding it for significant monetary ransom. Nearly all of these instances could have been avoided with strong cyber security measures. Here […]
Pennsylvania Annual Reports – NEW IN 2025
Starting in 2025, all businesses operating in Pennsylvania will be required to file an Annual Report with the Department of State. This mandate includes self-employed individuals and Not for Profit Organizations. Businesses required to file should receive a postcard from the State reminding them of the new mandate – please do not discard this as […]
