News & Insights
Hiccup in Sales Tax Changes for Restaurants Using Uber Eats
On July 1, 2019 Uber Eats was to begin calculating, collecting and remitting sales tax on behalf of restaurants in 14 States (including PA) and the District of Columbia, but the company has released a…
Continue ReadingIRS Advising Virtual Currency Owners to Pay Back Taxes
The Internal Revenue Service has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions…
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July 1st: NJ Minimum Wage Increases
Effective Monday July 1st,the NJ minimum wage increases. The increased rate/wage needs to start being paid for hours that have been worked from July 1st forward. Seasonal and Small Employers (fewer than…
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Philadelphia Wage Tax Decreases on July 1
The City of Philadelphia on July 1, 2019 is reducing its Wage Tax rate. The rate decrease has an immediate impact on all businesses that operate in the city, or that employ Philadelphia residents. The…
Continue ReadingIRS Takes Additional Steps to Protect Taxpayer Data
As part of its ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service announced it will stop its tax transcript faxing service in June and will amend the Form 4506 series…
Continue ReadingSection 199-A Game
Michael Meltzer of Melzter & Meltzer CPAs has allowed us to share this game graphic he created based on the new rules to Sec 199-A.
Continue ReadingIRS: Doing a ‘Paycheck Checkup’ is a good idea for workers with multiple jobs
The Internal Revenue Service urges taxpayers who work multiple jobs or who may be adding summer employment to complete a Paycheck Checkup. Doing so will help them check if they are having the right amount…
Continue Reading8 Types of Americans Who Won’t Get Social Security
Americans who will not qualify for Social Security retirement benefits are relatively rare, but if you are one of them, you need to know so you can make sure you have other sources of retirement income…
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Use Your 2018 Tax Return to Get 2019 Withholding Right
Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can use…
Continue ReadingDidn’t File Taxes? IRS Says File Now to Avoid Bigger Bill
While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. The Internal Revenue Service encourages them to file now, even…
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