Our Blog: Business Services

New Tax on Non-Profit Organizations – Cost of Transportation Related Fringe Benefits

October 3, 2018
By S. John Kelly
Posted in Business Services, Public and Non-Profit

Under the 2017 tax bill, Congress requires charities to pay unrelated business income tax (UBIT) for the cost of the following fringe benefits if the charity offers these benefits tax-free to its employees: a) bus passes or transport to... Read more

Bad News for Internet Retailers – Supreme Court says Retailers Must Collect Sales Tax Everywhere

June 26, 2018
By S. John Kelly
Posted in Business Services, Litigation

On June 21, the Supreme Court decided that states can force out-of-state retailers to collect state and local sales tax on goods and services shipped to in-state residents.  South Dakota v. Wayfair, Inc., ___ U.S. ___ (2018) Read more

Real Estate Developer – How to Get Capital Gains When Sell Land Why doing Nothing can be the Best Answer

March 9, 2018
By S. John Kelly
Posted in Business Services

If a developer sells land in a real estate development, the normal tax rule is that he will recognize ordinary income, not capital gains.   If a change in economics means the development effort should be abandoned, often it will be advantageous to... Read more

New Year, New Issues

February 1, 2018

The New Year always brings with it renewed hope for the future.  In 2018, the New Year will bring Pennsylvania businesses many issues to address, old (sexual harassment) and new (medical marijuana).  Here’s my list for the three issues your... Read more

Quick Tax Law Update – Individual Changes in 2018

December 28, 2017
By S. John Kelly
Posted in Business Services

Temporary Reduction in Tax Rates Until 2025, marginal tax rates drop by 2% or 3% for each bracket. Standard Deduction Increases: $6,500 for single filer increases to $12,000, increase ends in 2025 $9,550 for head... Read more

Quick Tax Law Update – Business Law Changes Effective in 2018

December 28, 2017
By S. John Kelly
Posted in Business Services

Rate Change – Tax rate drops to 21% for corporations. Investors in partnerships and S Corporations will be able to deduct, as an itemized deduction, 20% of pass-through income from their taxable income.  Dividends, interest,... Read more

Taking a Job Overseas When Your Spouse Remains Behind – Tax Planning

October 5, 2017
By S. John Kelly
Posted in Business Services

It is common when taking a foreign assignment for the employee to keep a US state issued driver’s license and voter registration.  However, those documents can complicate the employee’s US tax situation when the employee’s spouse has to stay... Read more

Department of Health Selects ‘Seed-to-Sale’ Vendor For Medical Marijuana Dispensaries and Growers/Processors

April 28, 2017

By: Erica L. Laughlin[1] NOTHING IN THIS DOCUMENT IS INTENDED OR SHALL BE CONSTRUED AS ADVICE TO PARTICIPATE IN, OR COUNSEL WITH RESPECT TO, CRIMINAL OR FRAUDULENT ACTIVITIES. POSSESSION, DISTRIBUTION AND SALE... Read more

Pennsylvania Limited Liability Company Operating Agreements Must Be Signed (or at least agreed to) by All Members -or- Why LLC Minority Interest Holders Might Rather be in Pennsylvania

April 19, 2017

It seems obvious, doesn’t it? A limited liability company operating agreement governs the relationships among a limited liability company (“LLC”), its owners (called “Members”), and the people running the LLC (who may be Members or... Read more

The Pennsylvania Medical Marijuana Act’s Impact on Municipal Zoning

April 6, 2017
By Matthew Korenoski
Posted in Business Services, Public and Non-Profit

With the passage of the Medical Marijuana Act (the “Act”) on April 17, 2016, municipalities throughout the Commonwealth have had their fair share of concerns about how this law will affect them. Given the stigma attached to marijuana in general,... Read more