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Electronic Newsletter of the PSTAP Continue Reading

Helping clients with mergers can be a great niche for PA accountants and CPAs. Merging can offer both companies the advantages of reduced operating costs, expanded markets, and rapid upsizing. When the right businesses merge, something even better can be formed. But if the businesses are not a... Continue Reading

Pennsylvania is a great state for small businesses, and the number of new businesses is on the rise. Since 2020, the number of startups decreased due to COVID and the subsequent economic downturn; but in 2023, new business applications increased significantly. And every one of those new companies... Continue Reading

For your small business to be among the 34% that thrive in the long term, you need a team of experts and an accountant or CPA should be at the top of the list. Continue Reading

Electronic Newsletter of the PSTAP Continue Reading

There were quite a few updates with tax and finance related bills: HB 2536 (Sappey) - Amends the Pennsylvania Constitution to make it possible for other counties beyond Philadelphia and Allegheny Counties to create Longtime Owner-Occupant Programs (LOOPs). The Longtime Owner-Occupant Program... Continue Reading

Now is the time for Pennsylvania CPAs and accountants to take steps to prepare yourselves and your clients to guarantee the “busy season” runs smoothly and you’re able to service as many clients as possible. Continue Reading

The House Finance Committee held a voting meeting today, 10/1 at 9:30 am, where they considered four bills: 1. HB 1994 – sponsored by Rep. Tim Briggs (D), passed the House Finance Committee by a vote of 25-0. This bill reforms the Board of Finance and Revenue so they can consider late... Continue Reading

Electronic Newsletter of the PSTAP Continue Reading

Pennsylvania is a welcoming environment for small businesses. CPAs and accountants in the state have so much to offer small businesses to help them survive and grow. Sometimes entrepreneurs try to cut corners and don’t realize how they may actually be costing themselves money or setting... Continue Reading

Now is the time for Pennsylvania accountants and CPAs to reach out to their clients about the steps they can take to reduce their taxes for the year. Strategies differ between individuals and businesses, but both have opportunities to save. By reaching out to them ahead of time to develop an... Continue Reading

There are both advantages and disadvantages when Pennsylvania accounting and CPA firms merge. At PSTAP, our broad member base offers many opportunities to meet other outstanding professionals with whom a merger would be beneficial. Before taking the step, you should ask yourself a number of key... Continue Reading