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New annual report for Pennsylvania entities starting 2025

If you conduct business in Pennsylvania, there is a new annual report requirement starting 2025. Legal Background ​The new annual reporting requirement for Pennsylvania business entities was established by Act 122 of 2022, which was signed into law by Governor Tom Wolf on November 3, 2022. This legislation introduced significant amendments to Title 15 of

By |2025-04-24T03:52:58+00:00April 24th, 2025|Categories: Business|Tags: , , , , , , , , , , |
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1099-K threshold delayed again

In the recent IR-2024-299 released at the end of November, the IRS indicated that the 1099-K threshold is delayed again. The 1099-K form is used by Third Party Settlement Organizations (TPSOs) like Venmo and similar cash apps and credit card processing vendors. The thresholds will be: 2024 - $5,000 2025 - $2,500 2026 - $600

By |2025-01-06T07:06:22+00:00December 6th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , , |
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