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Launching a business? How to treat start-up expenses on your tax return

13 August 2020
Launching a business? How to treat start-up expenses on your tax return

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.


PA Department of Revenue

13 August 2020
PA Department of Revenue

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 Sales Tax Holiday

07 August 2020
Ohio Sales Tax Holiday

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


Take advantage of a “stepped-up basis” when you inherit property

06 August 2020
Take advantage of a “stepped-up basis” when you inherit property

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


Businesses: Get ready for the new Form 1099-NEC

03 August 2020
Businesses: Get ready for the new Form 1099-NEC

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