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While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being launched online to provide products and services to people staying at home.

The Pennsylvania Dept. of Revenue has released its latest newsletter with reminders of PA’s various tax relief measures, in response to the COVID-19 emergency.

Ohio’s back-to-school sales tax holiday is coming soon.

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.

Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee.