The year was 1973, The Philadelphia Eagles season was the franchise's 41st in the National Football League. Although they improved upon their 2–11–1 record of the previous season, they failed to complete a winning record for the seventh consecutive season and failed to reach the playoffs for the thirteenth straight year. The Kansas City Chiefs season was the franchise's 4th season in the National Football League, the 11th as the Kansas City Chiefs, and the 14th overall. They finished with a 7–5–2 record and missed the playoffs for the second straight year. And now, fifty years later, on February 12, 2023, they will play each other in Super Bowl LVII at State Farm Stadium in Glendale, Arizona. Any predictions on the outcome?
Another historical event from 1973 took place in Lansdale, PA. Dick Baum and Jerry Lawrence merged their accounting practices together and formed the firm of Lawrence & Baum. From a 4-person operation to one today that employs 29 full and part-time employees, Baum, Smith & Clemens, LLP has transformed into a leading CPA practice in the area. We will be celebrating our Golden Anniversary throughout the year in various ways. Stay tuned for more details on what we are planning.
Application forms for the Pennsylvania Department of Revenue (DOR) Property Tax/Rent Rebate Program are now available for eligible residents to begin claiming on property taxes or rent paid in 2022. Pennsylvanians also have an electronic option for filing their applications through https://mypath.pa.gov/. Program Details Claimants must reapply for rebates every year because rebates are based on annual income and property taxes or rent paid each year. Property Tax/Rent Rebate application assistance is available at no cost from Department of Revenue district offices, local Area Agencies on Aging, senior centers and state legislators’ offices.
The Pennsylvania Department of Revenue will be retiring e-TIDES, the prior online filing system for business taxpayers, as of February 24, 2023. Therefore, taxpayers will no longer be able to use e-TIDES to file returns and make payments. The taxpayers will need to use myPATH to file their sales tax, employer withholding, and corporation taxes, among many others. Taxpayers are required to sign up for an account on myPATH to submit W-2s, 1099-Rs, 1099 MISC, 1099 NEC and REV-1667s.
For more information, check out Pennsylvania’s website at https://www.revenue.pa.gov
We are now accepting appointments for the 2023 tax season and encourage everyone to sign up early. You can call Christina at 215-368-5755 or contact your accountant directly to schedule one.