Our Blog: Business Services

COVID -19 – Business Interruption Insurance Coverage

March 20, 2020

Increased concerns over the rapid wide-spread development of the Coronoavirus has led to the unprecedented sweeping closure of business and industries throughout the country.  The loss of business as a result of mandated social distancing is... Read more

Performance of Contracts During the Coronavirus Outbreak: Force Majeure and Impracticability

March 17, 2020
By Alexis Wheeler
Posted in Business Services, Litigation

On March 11, 2020, the World Health Organization declared COVID-19 a pandemic.[1] Internationally, precautions taken to prevent the spread of COVID-19 have had a negative impact on trade due, in part, to the... Read more

YOUR BUSINESS AND COVID-19 – General

March 17, 2020

In this time of uncertainty, there are things that your business[1] can do to keep its employees and clients/customers as safe as possible. Stay informed by following information and advice... Read more

Non-Profits – Free or Subsidized Parking for Employees – Change in Tax Rules

March 2, 2020

Under the 2017 Tax Act, Congress made any non-profit offering certain tax-free fringe benefits to its employees, such as to free or subsidized parking, as well as on-premises athletic facilities, report the expenses associated with those benefits as... Read more

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

October 3, 2018

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