Articles

Background: One of the many requirements of a business is to maintain adequate records; such as those for federal, state and local tax purposes. Failure to keep and maintain these records can [...]

The Financial Reporting Framework for Small and Medium Entities (FRF for SMEs) was issued in 2013 by the American Institute of CPAs (AICPA) in response to the need for a more straightforward [...]

The Tax Cuts and Jobs Act (TCJA) of 2017 increased the annual and lifetime gift tax exemptions. The changes impact estate planning.  What special considerations must the informed person be aware [...]

Winning the Powerball can create a lot of joy, but it can also create a lot of headaches. Here’s what to do if you end up being the one in 292 million who wins the jackpot.

  Fail to Plan. Plan to fail. As we approach Fall, many businesses begin to think about the new year. It is an exciting time of planning and dreaming about what we want to accomplish over [...]

Background: On June 21, 2018, the Supreme Court of the United States issued a 5-4 ruling in the case South Dakota v. Wayfair. Their decision changed the parameters for States to require an online [...]

Background: The tax law for individuals changed substantially for 2018 (and thru 2025). Gone are significant itemized deductions…  “Bye, state and local tax deduction for amounts [...]

Simon Lever is always prepared to advise business owners and entrepreneurs through business and tax issues.  Part of that is giving you the resources to help you learn more.  In [...]

Only a few days remain before the final Dec. 15 deadline to enroll in a 2018 Marketplace health insurance plan.

The Commonwealth of Pennsylvania just passed a new law impacting out-of-state vendors selling online or remotely through other facilitators (think Amazon or Etsy) to PA customers. This new law [...]