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Pennsylvania Will Recognize Grantor Trusts for Tax Years Beginning After January 1, 2025

Withum

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.

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State CPA Societies in Action: Pennsylvania Institute of CPAs

CPA Practice

Founded in 1897, the Pennsylvania Institute of Certified Public Accountants (PICPA) is the second-oldest CPA organization in the U.S. Top three objectives for the upcoming year Advocate for PICPA members on key legislative actions that would be beneficial for our industry and the greater Pennsylvania economy.

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Pennsylvania Institute of Certified Public Accountants Issues 2023 State of Pennsylvania Public Accounting Firms Study

CPA Practice

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report.

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Pennsylvania Data Security Bill Signed Into Law

Withum

In June 2023, Pennsylvania Governor Josh Shapiro signed into law a cybersecurity bill, the Pennsylvania Insurance Data Security Act (the “Act”), that requires insurance licensees (with an exception for certain small businesses) to conduct a risk assessment to identify cybersecurity threats and determine the potential damage that might occur.

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The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania 

Patriot Software

Payroll tax in Pennsylvania is notoriously difficult, confusing, and overwhelming for new and veteran employers alike. And when it comes to payroll, you probably don’t want to waste time making preventable payroll mistakes. To help simplify PA employment tax, we’ve put together the following article to review your employer responsibilities.

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FanDuel Launches Stand-Alone Casino App In Pennsylvania

PYMNTS

Fans of gambling in Pennsylvania will have access to a new stand-alone gambling app with FanDuel Group ‘s newest product, according to a press release. The new incarnation of the Casino app is stand-alone and only available in Pennsylvania thus far, and the release says it will be “secure, legal and fully regulated.”

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Hot Topics: Sellers and marketplace facilitators | TaxConnex

TaxConnex

And the following year, a Pennsylvania court ruled that non-Pennsylvania businesses selling through the Amazon FBA Program and whose connections to Pennsylvania were only shown to be limited to the storage of merchandise by Amazon in one of the facilitator’s warehouses in the state did not constitute physical nexus.

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