Category: Tax Planning

Taxation is one of the most confusing aspects of a small business. From sales tax to payroll taxes, this portion of running a business frustrates a lot of entrepreneurs and owners. As part of our continued content about small business taxes, we explain the self-employment tax and what you can do to
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As another year is drawing to a close and tax season is just around the corner, Gift CPAs would like to share the following information and list of tax tips with you to help with year-end tax planning. Retirement Accounts Consider investing in an IRA. You have until April 15, 2019 to make the payment.
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Are you confident that your business is keeping good financial records for sales and Use tax? Perhaps you are worried about paying the right taxes when you should be? Our advice is to review how you are collecting, reporting and remitting your sales tax because the state is reviewing sales and Use tax
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Defining 179 deductions

The 2017 Tax Cuts and Jobs Act made several changes to the tax code, altering rates and changing rules for deductions. These changes may mean you need to update your withholding amount. Find out how to check your status using a simple online tool.

Most small businesses know and understand the sales tax portion of the law, but not the use tax. Find out everything you need to know about the PA sales and use tax now.