W-2's are coming and your employer-sponsored health coverage may be included!

Tax

By Jim Gilboy

Employees will receive their W-2’s by the end of January. From year to year employees probably do not notice many differences on the form. For many ... read more >

2013 Social Security Changes

Tax

By Thomas Lisak

Payroll tax cut ends. The temporary payroll tax cut which began in 2011 was allowed to expire at the end of 2012. Workers will now resume contributing ... read more >

Does the New Tax Act Affect My Financial Statements?

Tax

By Mary Richter

Most of us were relieved when a tax act was passed in time to avert the much discussed "fiscal cliff" (at least for now). While many businesses ... read more >

Certain 1099-MISC Forms Must be Filed with the Pennsylvania Department of Revenue

Tax

By Martin DiGiovine

Under Act 85 of 2012, entities paying either nonemployee compensation for Pennsylvania-based work or Pennsylvania-source oil/gas lease payments are required ... read more >

IRS Addresses Payroll Tax and W-2 Issues Related To Retroactive Increase in 2012 Transit Benefit (IRS Notice 2013-8)

Tax

By Ron Kramer

On January 17, 2013, the IRS issued guidance on the payroll tax and Form W-2 issues related to the retroactive increase in the monthly transit benefit ... read more >

Additional Payroll-Related Information for 2013

Tax

By Thomas Lisak

Pennsylvania Unemployment Compensation Tax The taxable wage base for employers has increased from $8,000 to $8,500 for the 2013 tax year. The taxable wage ... read more >

AMT "Permanently Patched"

Tax

By Carl Scharf

The dreaded Alternative Minimum Tax, or AMT, has been “permanently patched” as a result of the recent passing of the American Taxpayer Relief ... read more >

FBAR Filing Update: Deadline Extended for Certain Financial Professionals

Tax

By Mary Richter

The Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department issued FinCEN Notice 2012-2 on December 26, 2012. This Notice further extends ... read more >

Tax Portion of Fiscal Cliff Averted for 99% of Taxpayers

Tax

By Ron Kramer

Update on House and Senate approvals of the amended version of H.R.8, the "American Taxpayer Relief Act of 2012."... read more >

What Pain Will You Feel at the Bottom of the Fiscal Cliff?

Tax

By Ron Kramer

With only 5 days until we may find ourselves at the bottom of the fiscal cliff, what pain awaits us in the form of higher taxes if we hit bottom because ... read more >