Late in the evening of July 7, 2022, Governor Tom Wolf signed Act 53 of 2022 (Act 53) into law. Act 53 significantly modifies the corporate net income tax (CNIT), subjects certain ride-sharing agreements to sales tax,...more
7/28/2022
/ Corporate Net Income ,
Corporate Taxes ,
Goodwill ,
Governor Wolf ,
Income Taxes ,
Intangible Property ,
Nexus ,
Ridesharing ,
Sales Tax ,
Tax Planning ,
Tax Rates
The increased number of employees working remotely has caused a host of problems for employers - and employees - during the throes of the pandemic. Now that remote work is looking more and more like the new normal, it’s more...more
Working from home some or all of the time has become commonplace and seems likely to continue regardless of what happens with the COVID-19 pandemic. New ways of working require new ways of handling tax withholding. Employers...more
In this week's episode, Mike Semes joins Matt Hunsaker in the studio to discuss alternative apportionment and an unfortunate case coming out of Maryland....more
Taxpayers May Delay Both Filing Tax Returns and Paying Some Taxes for 90 Days - Q: Congressional and Treasury Action to Date: What have Congress and the Treasury Department done in response to the COVID-19 crisis so far that...more
On March 26, 2020, the city of Philadelphia issued policy statements that did the following:
Extended to July 15, 2020, the April 15, 2020 deadline for filing, paying and making estimated payments of BIRT and NPT....more
Q: Congressional and Treasury Action to Date: What have Congress and the Treasury Department done in response to the COVID-19 crisis so far that may be of interest to businesses?...more
Q: State NOL Carryback Relief: If the federal government enacts NOL carryback relief, will states follow suit? A: Almost no states currently allow taxpayers to carryback NOLs to prior years....more
Q: Congressional Action to Date: What has Congress done in response to the COVID-19 crisis so far that may be of interest to businesses?...more
Q – Filing of Federal Tax Returns: Must C corporation and individual U.S. federal income tax returns or extensions for the 2019 calendar year be filed by the April 15, 2020, due date?...more
Background.
The COVID-19 pandemic has caused many employers to ask – or require – employees to work from home. ...more