The One Big Beautiful Bill (OBBBA), passed for 2025, brought several important changes for businesses. If you own a business or are planning investments, it’s worth understanding what these updates mean for taxes, deductions, and planning strategies. Here’s a...

One Big Beautiful Bill Act (OBBBA, OBBB, or BBB) Some amendments make the Tax Cuts and Jobs Act of 2017 (TCJA) provisions permanent or extended. If not specifically mentioned, the deduction rates are for single filers. Individual Taxpayers The tax brackets of 10%,...

Updated: January 8th, 2025 As of January 8th, 2025: BOI reporting is voluntary. Explore the developments leading to this status: January 1, 2024: The Corporate Transparency Act went into effect, requiring businesses formed before this date to file Beneficial Ownership...

Starting in 2025, businesses in Pennsylvania will need to file an annual report, replacing the previous decennial report requirement. This new filing applies to various domestic and foreign business entities, including corporations, LLCs, and partnerships. Key Points...

On December 3rd, a federal district court in Texas temporarily blocked the enforcement of beneficial ownership reporting (BOI) requirements under the Corporate Transparency Act (CTA). The court ruled that the CTA overstepped congressional authority by infringing on...

According to financial experts, managing your finances online is more than just a convenience now, it’s a money-saver. All United States taxpayers benefit from an online IRS account. For Pennsylvanians specifically, staying on top of your tax obligations can be even...

When you’re a small business owner, every decision carries weight. And every decision falls on your shoulders. When it comes to financial choices, you might just be giving it your best guess, but making lasting changes on your business structure. Most Common Financial...