By Leonard Sciolla, LLP | Published April 23, 2021 | Posted in business law, tax law | Comments Off on Business Tax Credits for Offering Paid Time Off in Order for Employees to be Vaccinated
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Business Tax Credits for Offering Paid Time Off in Order for Employees to be Vaccinated
Vaccination rates have slowed in the past few weeks. America is averaging about three million vaccinations per day after reaching over 4.5 million doses a day in early April. Time off and financial restraints have become a sticking point for many individuals who have yet to receive their first dose. In response, President Biden put Read More
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It’s a Taxing Time for All of Us…but many of us can remove the task of paying taxes by April 15 off our stress list
As an attempt to minimize the stress and financial burden on the U.S. taxpayers and small business owners during these trying times, the Federal Government is allowing individuals and businesses to delay paying their 2019 tax bills for three months. The goal is to inject up to $300B into the economy to avoid a recession. Read More
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Tax Review Board
The Philadelphia Court of Common Pleas recently published its August 28, 2019 explanation of its decision in Diane Zilka v. City of Philadelphia Tax Review Board in favor of the Tax Review Board (TRB). The essence of this particular case is whether the City of Philadelphia must grant tax credits against the Philadelphia Wage Tax Read More
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Tax Relief
Tax relief and IRS settlement advertisements insinuate that you can settle your tax debt for “pennies on the dollar.” While this may be true in some cases, those advertisements do not set reasonable expectations for most clients. The IRS has a process called an “Offer-In-Compromise” (OIC) that allows them to collect what they determine to Read More
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