Pennsylvania divided

Posted 2 CommentsPosted in Accounting, News and Politics, Small Business

The election discussion is drawing attention to the widening political divide between my two major client groups. Nate Silver, writing for fivethirtyeight.com says “eastern Pennsylvania is becoming more Democratic while western Pennsylvania is becoming more Republican”. This confirms the trend that I noticed that even seems to be affecting my business practice. This graphic shows the […]

Selling a rental property?

Posted Leave a commentPosted in Accounting, Real Estate, Tax Planning, Taxes

If you are planning to sell a rental property then it is likely important to estimate the taxes that will be due on the transaction. The calculation can be complicated but fortunately we have software available to help with the number-crunching. Just give a call and we can schedule time to run through the possible scenarios. […]

Full service payroll now at $15 per week!?

Posted 1 CommentPosted in Accounting, Small Business, Taxes

Update: After this blog post was published in 2016 the minimum full service payroll processors that we commonly see in the small business market raised their minimum fees to about $20 per week. I frequently promote the benefits of full service cloud-based automated payroll services for small business and nonprofit organizations. The services can be […]

Church and taxes

Posted Leave a commentPosted in Accounting, nonprofit, Taxes

Congress gives at least four special tax considerations to churches*: First, churches are generally not  required to pay income tax based on the result of their normal operations. This is the same as other tax-exempt organizations. Second, unlike other tax exempt organizations, churches are generally not required to file an annual informational filing with IRS. […]

Unregistered charity soliciting public donations

Posted Leave a commentPosted in News and Politics, nonprofit, Scam, Uncategorized

As a small business accountant working with nonprofit organizations I frequently find deficiencies in their accounting or legal filings. Minor oversights are commonplace and I’m pretty good at getting them resolved before they cause too much of a problem. But I’ve never come across such an egregious situation as a multi-million dollar nonprofit organization soliciting […]

Why some people are more likely to end relationships over politics

Posted Leave a commentPosted in Books, Ethics, News and Politics, Values

The divide in political ideology is drawing much attention lately as this election season raises these issues to a fever pitch. Lately I’ve read a series of articles and personal stories describing how people are ending personal relationships over political disagreements. One article reported a survey result that 15% of people reported recently ending a friendship due […]

USA Today takes a strong stand against Trump

Posted Leave a commentPosted in News and Politics

I was impressed by the strong clear writing in today’s statement by the editorial board of USA Today. I’ve taken the same position and it feels comforting as more leaders come aboard the “never Trump” movement. USA Today emphasizes that this is the first time that USA Today has taken a stand in a political election. Here […]

Professional tax preparation fees for 2016

Posted 2 CommentsPosted in Accounting, Tax Planning, Taxes

Average tax return preparation rates are published by the National Association of Accountants in the national and regional average tax preparer fee survey for 2016. The fee for my online remote tax services is typically about 1/3 lower than typical walk-in tax preparers. However, late season returns or services that do not use online cost savings are […]