Blog - Philadelphia CPA
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Owning a building has many headaches--such as new roofs, HVAC Units, lighting systems, etc., as they all eventually new replacement.Prior law added to these unwanted events, as you were stuck capitalizing and depreciating the new roof-and continued to to depreciate the old one as well.But...

One of the most common business entity types that is formed today is the limited liability company (LLC). I have many clients that are unsure as to why to form this type of entity and where. Compared to a corporation or sole proprietorship, and LLC...

The one participant 401(k) plan is not a new type of 401(k). It's a traditional plan covering a business owner with no employees, ot that person and his or her spouse. These plans have the same rules and requirements as any other 401(k) plan.Contribution Limits...

Do you use a business  credit or debit card for some corporate expenses? Most of my clients do for travel entertainment, vehicle expenses, etc.Regardless of how you operate as a sole proprietor or corporation for tax purposes, you need to properly document each and every...

Working long hours can be a morale buster for your employees. The tax law provides a benefit that can be a perfect solution for this problem; give them some tax-free cash!This strategy creates value for you and your employees.The best news of all, is that...