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March 14, 2024

March 2024 Individual Due Dates

March 11- Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 11. Your employer is required to withhold FICA taxes and income tax withholding for… View Article

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March 2024 Business Due Dates

March 1 – Farmers and Fishermen File your 2023 income tax return (Form 1040 or 1040-SR) and pay any tax due. However, you have until April 15 (April 17 if you live in Maine or Massachusetts) to file if you paid your 2023 estimated tax by January 16, 2024. March 1 – Applicable Large Employers (ALE)… View Article

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March 10, 2024

Ross Buehler Falk & Company, LLP Expands Reach Through Majority Acquisition of Leid Lorah & Company P. C.

Lancaster, PA— Ross Buehler Falk & Company, LLP, a leading public accounting and business advisory firm, is pleased to announce the acquisition of a majority interest in Leid, Lorah, & Company, P.C.  Moving forward, Leid Lorah will be renamed Pennoptic CPAs and Strategic Partners, LLC. “This new affiliate relationship between Pennoptic CPAs and Strategic Partners,… View Article

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May 7, 2024

May 2024 Individual Due Dates

May 10 – Report Tips to Employee   If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 40...

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Reminder: Claims for Recovery Rebate Credit About to Expire

In response to the economic fallout from the COVID-19 pandemic, the U.S. government enacted several measures to provide financial relief to Americans. Among these measures were the Economic Impact Pay...

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Proving Noncash Charitable Contributions

Tax legislation passed in late 2017 nearly doubled the standard deduction for years 2018 through 2025, and now about 90% of individuals filing a tax return are taking advantage of the higher standard ...

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5 Steps You Should Take Every Time You Open QuickBooks

When it comes to managing your small business finances, establishing a consistent routine is important. This is especially true when using QuickBooks, a powerful accounting software system that can he...

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Payroll Management: A Complete Guide for SMBS

Payroll taxes can be a significant headache for many small—to medium-sized business owners. Without proper education, entrepreneurs can find themselves in trouble with the IRS and state tax agencies...

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Secure Your Child’s Financial Future: The Importance of Establishing Custodial Accounts Early

As the parents, ensuring the financial security of our children is paramount. One effective tool for this is a custodial account, a financial mechanism designed to hold and protect assets for minors u...

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Understanding IRS RMD Transition Relief Extension

If you’ve been hearing about changes in retirement plans and need to understand what’s going on, this blog is here to help. Let’s break down the latest news on Required Minimum Distr...

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Freshen Your Finances: QuickBooks Spring Cleaning Tips

As the season changes and springtime approaches, it’s not just your home that could use a good cleaning. Your financial records, especially in QuickBooks, could benefit from a little spring cleaning...

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Top 10 Ways to Spot a Tax Scam

Tax season can be stressful enough without having to worry about falling victim to tax scams. With cybercrime and identity theft becoming increasingly prevalent as more people file their taxes online,...

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Can’t Pay Your Taxes? Here Are Some Payment Options

About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but there are those who for one reason or another end up owing. Of those who owe Uncle Sam, many...

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Estimated Tax Payments Are Not Just for the Self-Employed

Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are...

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Securing Your Business’s Future: Mastering Succession Planning

For many business owners, the future is uncertain. Would you like to ensure the long-term success of your enterprise, reducing stress and providing peace of mind? That’s where succession planning co...

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Unique Charitable Giving Options

There are some unique ways to make charitable contributions that can provide tax advantages to the donor. Before deciding about your charitable giving for the year, you may benefit from this article o...

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Employee Spotlight: Angela Ducker

We are delighted to introduce Angela Ducker, our esteemed Tax Manager who joined our firm in 2024. With a Bachelor of Arts in Accounting from Stockton University, Angela brings a wealth of knowledge a...

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Employee Spotlight: : Brynn Beichner

Meet Brynn Beichner, our dedicated Administrative Concierge who became an integral part of Ross Buehler Falk in 2024. With a strong emphasis on organization and an acute attention to detail, Brynn pla...

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Employee Spotlight: Justin Kennedy

Meet Justin Kennedy, the Administrative Concierge at Ross Buehler Falk since 2023. Responsible for managing client accounts, handling documentation, and overseeing office organization, Justin’s ...

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A Comprehensive Guide to Business Cyber Security

In the digital age, online security is among the most critical factors for any business. As more and more people are living their lives online, security has become a priority for those giving up sensi...

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New Employee vs Independent Contractor Rule Effective March 11

The U.S. Department of Labor (DOL) announced on Jan. 9, 2024, the issuance of its final rule regarding whether a worker is an employee or an independent contractor under the federal Fair Labor Stand...

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Death of a Loved One

The death of a loved one is one of life’s most difficult times and a time for reflection and grieving. However, it also triggers unique financial and tax events that must be dealt with by the surviv...

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The Importance of Separating Personal and Business Finances

One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business finances. By maintaining distinct bank accounts and credit cards...

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