Category Archives: Tax & Accounting

Affordable Care Act Tax Provisions 2011 and Beyond

The Affordable Care Act was enacted on March 23, 2010.  It contains some tax provisions that became effective in 2010 or 2011, and more that will be implemented during the next several years. The following is a list of provisions … Continue reading

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Pension Plan Limits for the Tax Years 2006 – 2012

On October 20, 2011, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because … Continue reading

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2012 IRS Mileage Rates

The Internal Revenue Service issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

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Pennsylvania Act 32 Employer Requirements

In 2008, the Commonwealth of Pennsylvania amended the Local Tax Enabling Act (“LTEA”), better known as Act 511 of 1965 to streamline and reform the local earned income tax collection system.  This has resulted in major changes to the manner … Continue reading

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Small Business Health Care Tax Credit. Did You Claim Yours?

Small Business Health Care Tax Credit. Did You Claim Yours? The tax deadline is looming for us all and we are hoping that your accountant checked to see if you were elligible for the health care tax credit. It’s a … Continue reading

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