LATEST NEWS
Philadephia – Permanent Sidewalk cafe license for restaurants
As of 12/31/22, the City of Philadelphia did not renew
Philadelphia extends Net Operating Loss to 20 years
If you are a business in Philadelphia and have a loss, you can use that loss against the
IRS relieves penalties for personal and business 2019 and 2020 tax returns
Yesterday, the IRS announced a penalty relief program for personal and business tax returns related to 2019 and
Tax credits for college students
In the IRS Tax Tip 2022-123, the IRS reminds college students and any taxpayers that might claim them,
Recovery Startup Business (ERC) up to $100,000 if business started after Feb 2020
The Recovery Startup Business shares some similarities with the Employee Retention Credit. Note that there have been numerous
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Recovery Startup Business (ERC) up to $100,000 if business started after Feb 2020
The Recovery Startup Business shares some similarities with the Employee Retention Credit. Note that there have been numerous updates and clarifications on
IRS increases mileage rate to 62.5 cents per mile
In the IRS IR-2022-124 released on June 9, 2022, the IRS increased the standard mileage rate for the second half of 2022.
Americans abroad – Deadline filing 2021 return (June 15)
The IRS IR-2022-112 reminds Americans abroad (US citizens and resident aliens abroad) that they must file the 2021 tax returns by June