Tax Warrior Chronicles

Top Tax Firm Welcomes 4 New Shareholders

Posted on Tue, Jan 14, 2020

Philadelphia – The Shareholders of Drucker & Scaccetti (D&S), a strategic tax planning and consulting firm based in Center City, announced the promotion of four of its principals to Shareholder. Effective January 1, 2020, joining the Shareholders are Chris Catarino, CPA, MT; Rachel Kieser, CPA, MT; Dottie Leonardi; and Dan Marques, CPA, MT.

 

We are excited to invite the talent of Chris, Rachel, Dottie and Dan into the equity ownership of the firm. There are many reasons for excitement in addition to their outstanding skills. This group represents home-grown talent,  lateral hires from other firms, and non-client interfacing talent. Having degrees from Moravian College and Villanova and

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Estimated Tax Payments for Individuals – The Who, What, When and Why

Posted on Thu, May 25, 2017

By: Tiffany Diaz, CPA

 

In today’s edition of the Tax Warrior Chronicles, we will explain when it is necessary to make estimated tax payments and the rules for paying the minimum amount of estimated tax without triggering the penalty for underpayment. There is a lot to know, so put on your learning caps.

 

When must you pay estimates?

If taxes are not withheld from earnings or investment income, estimated tax payments are generally required.

Individuals must pay 25% of a "required annual payment" by April 15, June 15, September 15, and January 15, to avoid an underpayment penalty. When that date falls on a weekend or holiday, the payment is due on the next business day.

 

How much must you

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