The Dauphin County Commissioners awarded more than $8 million gaming dollars from Hollywood Casino to provide emergency services, food bank and shelter resources, park improvements, and infrastructure projects, saving taxpayers the burden.
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What the ‘Build Back Better’ plan could mean for you
In December of 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. Only four years later, another piece of major tax legislation is expected to be enacted. Like the TCJA, proposed 2021 tax legislation would be far-reaching and only require a simple majority in the Senate. Recently, the U.S. House Ways and Means Committee released the latest version of President Biden’s Build ...
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Thinking of selling your business? Here’s why now might be the best time.
Business owners looking to sell or transfer their business to a family member may have some tax decisions to make if the Biden administration gets its tax code revisions through Congress this year.
Read More »EXPLAINER: Deterring tax avoidance by global companies
A broad swathe of countries have agreed on a major overhaul of how they tax the world’s biggest companies when they do business across borders.
Read More »Summer job? Top 10 things teens (and parents) should know about taxes
Ready to start that first summer job at your Main Street ice cream parlor or that summer camp on the Susquehanna? The tax and accounting people at Wolters Kluwer have put together some tips for teenagers and their parents about summer jobs and taxes.
Read More »Many wealthy households support higher taxes on the rich and corporate America, CNBC millionaire survey shows
If the Biden administration gets its way, wealthy households are going to face higher tax rates. Many millionaires appear to be OK with that. Continue reading >
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Gov. Tom Wolf’s tax cut will hurt small business, make state less competitive, business leaders say
In his annual budget address on Wednesday, Gov. Tom Wolf outlined a $40.2 billion spending plan he says will reduce taxes for working class families and invest nearly $2 billion in new resources in the public education system.
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Wolf Administration approves $36 million increase in NAP funding
Pennsylvania’s Neighborhood Assistance Program (NAP) was approved for an additional $36 million in funding, Gov. Tom Wolf announced on Monday. The program encourages private-sector investment in distressed communities by providing tax credits to the businesses providing capital.
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Four midstate technology businesses receive $300,000 in tax credits
Four businesses in Dauphin and Cumberland counties were awarded more than $300,000 through the state’s Keystone Innovation Zone (KIZ) tax credit program this month.
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PA Brewers face 100% tax increase unless Congress acts
In fewer than 30 days, the revised federal excise tax rate for more than 350 small and independent brewers in Pennsylvania will expire.
Read More »Notes from your CPA: 2017 tax law requires strategic refresh for nonprofits
Tax experts agree: adjusting to new accounting standards and the effects of the 2017 Tax Cuts and Jobs Act can make the nonprofit world more confusing – and challenging. Here are some tips to help ensure your nonprofit, one of more than 13,000 operating in Pennsylvania, maintains the strong financial backing it needs to continue its meaningful work while meeting today’s state and federal regulations.
Read More »Guest view: Proposed tax could harm specialty surgical centers
In his budget address, Gov. Tom Wolf stated to applause, “This proposal asks for no new taxes. Not one dime. Not one penny.” Yet, as the General Assembly combs through the governor’s proposal, we find that there are, in fact, tax increases. One specific tax being proposed by the administration is a “double tax” on ambulatory surgical centers (ASCs) like the ones in my district.
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