Jason Vathis, CPA, CFP, brings over 26 years of experience in public accounting and financial planning. As both a Certified Public Accountant and Certified Financial Planner, Jason offers a strategic, well-rounded approach to tax and financial advisory services. He currently serves as CEO of Gift CPAs, having worked his way up through the firm, and is a Leadership Harrisburg graduate. Jason’s expertise and leadership have earned him recognition as a Simply the Best award winner by the Carlisle Sentinel.
Navigating gift tax rules does not have to feel overwhelming. Whether you are helping a child buy a home, transferring business assets, or supporting a family member, understanding Pennsylvania gift tax laws helps you give wisely, not expensively. According to the IRS, gift tax rules apply to any transfer of money or property where you …
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An IRS audit does not have to derail your business if you know how to prepare for an IRS audit before the notice ever arrives. According to the IRS, small businesses with high deductions, inconsistent income reporting, or cash-heavy operations are among the most reviewed. Gift CPAs is a Central Pennsylvania accounting firm that helps …
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Running a construction business in Central PA means juggling job sites, crews, materials, and clients simultaneously. Your books are the one system that should tell you exactly where your money is, project by project. If they do not, bookkeeping for construction companies is the problem worth solving first. According to the Construction Financial Management Association …
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If you spent the last couple of years stressing over the federal Beneficial Ownership Information (BOI) report, here’s some good news and some important news. The good news: The federal BOI filing requirement is no longer in effect for U.S. businesses. The important news: Pennsylvania has its own annual filing requirement that affects nearly every …
What is the overtime tax deduction? The overtime tax deduction is a new federal tax deduction available beginning with the 2025 tax year. It allows eligible employees to deduct qualified overtime compensation from their taxable income, potentially reducing the amount of federal income tax they owe. What qualifies as “qualified overtime compensation”? Qualified overtime compensation …
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Running a small business in Central PA, whether you’re from Myerstown to Mechanicsburg, or Lancaster to Ephrata, means wearing many hats. It’s a true balancing act among customer service, operations, and growth, leaving little time for tax planning. But without a clear tax strategy, manual data entry errors, bank reconciliation issues, communication breakdowns with your …
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Filing taxes is one of those annual obligations that can sneak up on you, often resulting in a stressful race against the clock as April 15 looms. But what if you didn’t have to wait until the last minute? Many people ask as they are tax planning, “can you file taxes early?” The answer is …
Severance packages can provide financial support during times of transition, but understanding how they’re taxed is crucial to avoiding surprises when tax season rolls around. Many employees are unaware of the specific tax implications of severance pay, which can lead to confusion and potentially higher tax bills. By understanding the details related to the taxation …
Filing taxes is a yearly responsibility that many people dread, but failing to file your taxes on time can lead to more than just stress—it can have severe financial repercussions. If you’ve ever wondered what happens when you miss the tax deadline, this guide will walk you through the penalties, interest rates, and what steps …
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As another year is ending and tax season is just around the corner, we would like to share the following information and a list of tax tips to help you with year-end tax planning. Individual Tax Planning Business Tax Planning Looking ahead to After 2024 Many of the provisions of the 2017 Tax Cuts and …
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