BLS Insights

The centerpiece of the Tax Cuts & Jobs Act (the “Act”) was the reduction in the top corporate income tax rate from 35% to 21%.  This includes personal service corporations … Continued

We are writing to make you aware of a significant change in Pennsylvania tax law that may impact your business. The changes made are for 2018 Form 1099s which will … Continued

The new tax law resulted in several changes to deductions individuals can take on their personal income tax returns. When planning for the 2018 tax year it is important to be aware of these changes and how they will impact each individual filing an income tax return.

The Tax Cuts and Jobs Act changed and suspended many deductions that taxpayers could take on their individual tax returns.

Many people think that nonprofit organizations (NPOs) are immune to changes in regulations affecting income tax.