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Hurricane Harvey: How You Can Help
Posted On 08/ 31/ 17

Many conversations are turning to the devastation that Hurricane Harvey has caused in Houston, TX. Here is a link to a list of local and national charities that are aiding the victims of this disaster: https://www.charitynavigator.org/index.cfm?bay=content.view&cpid=5239 In addition to the charities listed in the link above, the following local charities are taking donations for aid as well: Texas Diaper Bank http://www.texasdiaperbank.org/ - Diapers are not an item that disaster   Read More...

Recovering from Identity Theft
Posted On 08/ 04/ 17

You've read about it, and you thought it would never happen to you. But suddenly your bank account is empty, your credit card bills are through the roof, and you're getting late notices for accounts you don't own. Your identity has been stolen. What now? Time is money To minimize your losses, act fast. Contact, in this order: Your credit card companies Your bank The three major credit bureaus Local, state, or federal law enforcement authorities Organize your fight against   Read More...

Protect Yourself Against Identity Theft
Posted On 08/ 04/ 17

Whether they're snatching your purse, diving into your dumpster, stealing your mail, or hacking into your computer, they're out to get you. Who are they? Identity thieves. Identity thieves can empty your bank account, max out your credit cards, open new accounts in your name, and purchase furniture, cars, and even homes on the basis of your credit history. If they give your personal information to the police during an arrest and then don't show up for a court date, you may be subsequently   Read More...

New I-9 Form
Posted On 07/ 28/ 17

Effective September 18, 2017, it will be mandatory to use the newest version of the I-9 form to verify employment eligibility. The newest version of the Form I-9 was published by the U.S. Citizenship and Immigration Services (USCIS) on July 17, 2017.  The new version has very subtle changes to the form’s instructions and specifically updates List C to reflect the most current version of the Certification of Report of Birth Document issued by the U.S. State Department. Employers completing   Read More...

IRS Offers Email Option for Tax Payment Notifications
Posted On 07/ 28/ 17

The Internal Revenue Service has introduced an email feature that enables taxpayers to get notifications in their personal email accounts about their payments using IRS Direct Pay or the Electronic Federal Tax Payment System (EFTPS). In an email to tax professionals Friday, the IRS said tax clients can now opt into the new system. “Your clients who use EFTPS can opt in to receive email notifications when they enroll or update their enrollments,” said the IRS. “Business clients making   Read More...

Maintaining Your Financial Records: The Importance of Being Organized
Posted On 07/ 26/ 17

An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when you need to locate a financial record or document--and you'll need to locate it relatively quickly. By taking the time to clear out and organize your financial records, you'll be able to find what you need exactly when you need it. What should you keep? If you   Read More...

Philadelphia Wage Tax Reduction Starting July 1, 2017
Posted On 06/ 28/ 17

As part of a planned schedule to lower the City Wage Tax, reduced Wage Tax rates start July 1, 2017. Any paycheck that businesses issue with a pay date after June 30, 2017 must have Philadelphia City Wage Tax withheld at the new rate. The new Wage Tax rate for residents of Philadelphia is 3.8907% (.038907). The new Wage Tax rate for non-residents of Philadelphia who are subject to the Philadelphia City Wage Tax is 3.4654% (.034654). At its height, the Philadelphia Wage Tax reached   Read More...

IRS Cautions Taxpayers to Watch for Summertime Scams
Posted On 06/ 28/ 17

The Internal Revenue Service issued a warning that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes involving the tax system that continue to claim victims. “We continue to urge people to watch out for new and evolving schemes this summer,” said IRS Commissioner John Koskinen. “Many of these are variations of a theme, involving fictitious tax bills and demands to pay by   Read More...

QuickBooks Will Not Release New Desktop Versions for Mac
Posted On 06/ 28/ 17

Intuit announced that it will not be releasing a new version of QuickBooks Desktop for Mac. QuickBooks Desktop for Mac 2016 will be the last version available and will be supported until May 31, 2019. This does not affect the 2018 Windows versions of QuickBooks Desktop Pro and Premier. QuickBooks Desktop for Mac small business customers were contacted by the company to notify them of the news. Intuit suggested that affected customers make the switch to QuickBooks Online, the cloud based   Read More...

Reminder: PA Tax Amnesty Program Open Through June 19th
Posted On 05/ 31/ 17

From April 21 through June 19, 2017, the Pennsylvania Department of Revenue is offering tax amnesty to taxpayers who owe past-due taxes. During this 60-day period, the Pennsylvania Department of Revenue will waive all penalties and half of the interest owed by those who apply and pay delinquent taxes. Which Taxes Are Eligible or Not Eligible for the Program? Most taxes administered by the Pennsylvania Department of Revenue will be eligible for tax amnesty, including: Personal income   Read More...