Blog - Philadelphia CPA
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Let's start with this most important statement of fact. All the numbers included in your tax return are your responsibility. You create the numbers, not your accountant or CPA. You are required to have adequate documentation for your tax return. When you sign your return,...

The sole proprietorship (SP) is the simplest form of doing business. No tax ID# or Employer Federal ID# is required. All of your income and expenses for your business are reported on Schedule C of your Form 1040 Tax Return-therefore, no extra return is required...

You can utilize these 4 tax strategies with an existing building, one that you are buying, or a building that you are renovating. These tax strategies with put cash in your pocket, or reduce or current tax liability.Accelerate depreciation on certain components of building Identify Repairs Allocate...