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 for Third Quarter
The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning July 1, 2025.
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the interest rates:
- 7% for overpayments (payments made in excess of the amount owed), 6% for corporations.
- 4.5% for the portion of a corporate overpayment exceeding $10,000.
- 7% for underpayments (taxes owed but not fully paid).
- 9% for large corporate underpayments.
Summer Intern
Anthony Clark will be joining our firm on June 17 as a Summer Intern. He will be working in both the tax and audit departments to give him the opportunity to experience different practice areas of our firm. He is completing his sophomore year at DeSales University where he is majoring in accounting and plans on graduating in May 2027. In his spare time, he enjoys playing volleyball and is an assistant coach for St. Isadore CYO. Welcome Anthony!
CLICK HERE TO VIEW THE JUNE CLIENT LINE
