A Primer on Exit Strategies
Starting a business can be wildly exciting. Running a business can be a truly fulfilling experience. But what happens when it’s time to wrap things up? There are a multitude of options out there for winding down your involvement in your business.
Protect Your Sensitive Information
The beginning of a new year is often a time that people review their financial situations. Tax returns are due, year-end statements come in the mail, and a lot of individuals make financial goals as part of their New Year’s resolutions. As you’re taking stock, consider these simple ways to protect your sensitive personal information.
Independent Fiscal Office Releases Report on Labor Shortages
The Pennsylvania Independent Fiscal Office published a new report that examines the factors that have contributed to the state’s labor force contracting by 120,000 workers since the start of the pandemic.
PA Department of Revenue Transitioning Business Taxpayers to myPATH
The Pennsylvania Department of Revenue is in the final phase of its modernization project. This includes the transition of all business taxes – including employer withholding tax, sales tax, and corporation taxes – into the Pennsylvania Tax Hub (PATH) system.
Maximizing the Employee Retention Credit
The ERC is a refundable payroll tax credit for qualified wages paid to employees of businesses dealing with a significant decline in gross receipts and/or closed or running limited operations because of government-mandated pandemic restrictions.
Under the Act, employers can receive a maximum credit of $14,000 per employee for the first two quarters of 2021.