News

If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant ... Read More >

The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and ... Read More >

It’s a presidential election year again! With campaign season gearing up, many individuals and businesses will be reaching into their wallets ... Read More >

Starting in 2024, employers can offer their non-highly compensated employees the option to participate in emergency savings accounts that are linked ... Read More >

If you’re an “experienced” taxpayer, you’re probably entitled to some age-based federal income tax breaks that younger taxpayers ... Read More >

The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an “umbrella” ... Read More >

Are you planning to take a business trip this summer? If your destination is known for its cultural or recreational attractions, you might want to ... Read More >

For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax ... Read More >

President Biden’s proposed budget for the 2025 fiscal year include numerous tax provisions affecting both businesses and individual taxpayers. ... Read More >

With the high cost of college, many parents begin saving with a 529 College Savings Plan when their children are babies. Contributions to these plans ... Read More >

The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might qualify, including single, divorced, or legally ... Read More >

Do you work from home all or part of the time? If you’re self-employed and meet certain requirements, you can write off a portion of your home ... Read More >

A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit ... Read More >

The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for ... Read More >

Do you own a vacation home in the mountains or near the water where you can enjoy some much-needed rest and relaxation? If you rent it to tenants ... Read More >

Mitch Gerstein, CPA, PFS, MST, a senior tax advisor at Isdaner & Company, LLC has been appointed to be a Member of the Taxpayer Advocacy Panel (TAP). ... Read More >

We again made the 2024 Philadelphia Business Journal list of the largest accounting firms in Greater Philadelphia. We are #15 on the list of 25 firms. ... Read More >

The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing ... Read More >

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates ... Read More >

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through ... Read More >