Tax Warrior Chronicles

GUEST BLOG – From a Distance: Tax Traps of a Remote Workforce

Posted on Wed, Aug 25, 2021

A pressing question from clients has been around remote workforces and the related tax implications. As businesses weigh their options regarding from where an employee is required to work (home, office, or hybrid) there is a lot to consider. Our guest blogger today is Jennifer Karpchuk, an attorney and co-chair of the state and local tax controversy planning practice at Chamberlain, Hrdlicka, White, Williams & Aughtry in Philadelphia. She describes the issues businesses should know regarding remote workforces. If you have remote employees, this is a must read.

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Guidelines to Adhere to New Philadelphia Ordinance on Reporting Federal Tax Changes

Posted on Mon, Jun 07, 2021

By: Jonathan S. Kandel, CPA

 

On May 6, 2021, the City of Philadelphia passed Bill No. 210139-AA, an ordinance requiring all Philadelphia taxpayers to report changes to their federal taxable income to the Philadelphia Revenue Department. This new ordinance, which was signed by the Mayor on May 19, 2021, is effective immediately.

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PPP Update #21 – PPP Tax Treatment for State & Local Taxes

Posted on Wed, Feb 03, 2021

As guidance in this area is being released regularly, we recommend you read all of our blogs on this subject.  All the blogs in the Paycheck Protection Program series are here: #1, #2#3#4#5#6#7,#8,#9,#10,#11,#12,#13, #14, #15#16#17, #18,

#19, #20, #21, #22, #23

 

Is it already February? The 2020 filing season is here and this year brings new challenges compared to other filing seasons. In PPP Update #19, we discussed the federal change to deductibility of expenses using Payroll Protection Program (PPP) funds, but what about states and localities? As we have become accustomed to, the PPP bares unique issues.

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Tax Implications of a Business Move to Another State

Posted on Tue, Dec 29, 2020

By: Clare Porreca, CPA, MT

 

Moving a business to a new state is a complex decision. Among the many factors to consider is the state and local tax (SALT) implications on the business, employees, and owners. In today’s blog, we outline some of the major considerations.

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Pennsylvania EITC vs. Direct Contribution: What Should You Consider?

Posted on Fri, Dec 11, 2020

By: Ashley Menders

 

As if the Tax Cuts and Jobs Act (TCJA) changes to state and local taxes were not enough, the IRS further sought to reduce tax benefits from new and existing workarounds by focusing on charitable contributions that qualify to receive state or local tax credits. Pennsylvania’s popular pre-TCJA program, the Educational Improvement Tax Credit (EITC), is affected by this new IRS regulation. Despite this, many support the program as it still provides cash flow and tax planning benefits in your charitable planning. Today, we discuss what to consider when deciding if you should participate in the PA EITC program.

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M&A: Things Sellers Should Not Overlook

Posted on Fri, Nov 22, 2019

By: Melissa Banion, CPA, MT

 

After much deliberation, you have finally decided to sell your business.  Whether you formed the company yourself and built it from the ground up, inherited it from your family, or bought it years ago from another entrepreneur, deciding to sell it is a big decision.  But the decision making doesn't stop there.  Several important aspects of the transaction should be considered during the process and The Tax Warriors® at Drucker & Scaccetti are here to remind you what to not overlook as a seller.

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Year-End Tax Planning Moves in Light of Tax Reform

Posted on Thu, Dec 21, 2017

By: Chris Catarino, CPA, MT

 

With the House and Senate both approving the Tax Cuts and Jobs Act on December 20, 2017, The Tax Warriors® and the rest of the tax community are just digesting the comprehensive changes coming to our tax code. While it will take years for authorities to issue guidance and practitioners to understand the impact of the new laws, we’ve identified last-minute 2017 planning opportunities you can take advantage of before many of the new provisions are slated to take effect in 2018.

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Nonresident Partners Liable for PA Tax on Foreclosure

Posted on Thu, Oct 09, 2014

Wirth v. Commonwealth of Pennsylvania

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