Blog - Philadelphia CPA
1118
paged,page-template,page-template-blog-large-image,page-template-blog-large-image-php,page,page-id-1118,paged-12,page-paged-12,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-,wpb-js-composer js-comp-ver-5.1.1,vc_responsive
 

Blog

After weeks, indeed months of proposals and counter-proposals,seemingly endless negotiations and down-to-the-wire drama, Congress has passed legislation to avert the tax side of the so called "fiscal cliff". The American Taxpayer Relief Act permanently extends the Bush-era tax cuts for lower and moderate income payers,...

The supper money fringe benefit provides the employee with meal money and gives the employer a tax deduction that is not reduced by the 50 percent rule that applies to most meals.(1)Example. Your employee works overtime to complete the task that you assigned. ...

IRS NOW SAYS NO PAYROLL TAXES ON FAMILY EMPLOYMENT IN A SINGLE-MEMBER LLCOops! That’s what the IRS says about its regulation that required corporate payroll tax treatment for single-member LLCs after December 31, 2008.1In their confessions, the IRS and the Treasury Department admit that...