Withum

JANUARY 2, 2024

Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. These transactions will now be disregarded for Pennsylvania income tax purposes as well.

Pennsylvania 78

Pennsylvania income tax Tax tax return 78

CPA Practice

DECEMBER 10, 2023

By Al-Nesha Jones, CPA, MBA. While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Scope How does the scope between tax planning and tax advisory differ?

tax planning 69

tax planning Tax tax preparation bookkeeping course 69

Withum

AUGUST 24, 2023

Make sure you are considering the type of income when implementing state income tax planning techniques. State Tax Rates States without personal income taxes allow taxpayers to significantly reduce their overall tax liability. In addition, some states have flat tax rates, such as Pennsylvania and Illinois.

income tax 52

income tax tax planning South Dakota Wyoming 52

Withum

FEBRUARY 21, 2022

Withum is proud to share that Olga Blyweiss , CPA, MST and Withum partner, was recently featured as an expert on NBC 10 Philadelphia’s segment, NBC10 Responds. On February 1st, Olga was featured in a segment titled Tax Filing Tips for What to Looks for on IRS Letters 6419, 6475.

Pennsylvania 52

Pennsylvania tax return tax planning public accounting 52

CPA Practice

DECEMBER 19, 2023

Administrative considerations: If administrative or logistical challenges could cause delays, planning for a later filing date may provide the necessary time to address and overcome these issues. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

audit 106

audit cpas auditor Mississippi 106

LyfeAccounting

JULY 7, 2021

There are only 2 states that do not have exemptions – New Jersey and Pennsylvania. So unless you live in those 2 states, there is a high probability that there are exemptions available that you can use to lower your tax bill. But if you really want to save more on your taxes, then work with our tax experts!

Tax 52

Tax CPA New Jersey Pennsylvania 52