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.
PA Legislature Considering Small Business Tax Reform
Under normal circumstances, pass-through entities do not pay tax themselves. Instead, their income is allocated to their owners and reported on the individual income tax returns of the owners. A pass-through entity tax, if implemented, would be paid by the pass-through entity with a corresponding credit for owners to claim on their respective state individual income tax returns.
PA Considers Significant Changes to Personal Tax Framework
The Pennsylvania legislature is contemplating significant changes to the Commonwealth’s individual tax structure. House Bill 13, sponsored by Rep. Frank Ryan (R-Lebanon County), calls for the elimination of school property taxes in favor of increased sales and use and personal income tax rates.
Telling your Non-Profit’s Story with Form 990
Many organizations view this requirement solely as a compliance function – a box to be checked once per year. But, considering these filings are public information and many donors and grant making organizations will review them before making contributions, it’s wise to be proactive in considering what information gets reported.
IRS Issues Tips for a Smooth Filing Season
The IRS released several tips aimed at ensuring taxpayers experience a smooth filing season. With the IRS dealing with unprecedented processing delays brought on by the pandemic, it’s more important than ever to do what you can to file a timely and accurate return.