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.

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.

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.

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 >

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.

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.

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.

In fewer than 30 days, the revised federal excise tax rate for more than 350 small and independent brewers in Pennsylvania will expire.

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.

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.