News & Updates
Is Your College Student’s Scholarship Taxable?
Is Your College Student's Scholarship Taxable? May 1st is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If you're wondering if your child's scholarships are taxable, here's...
What To Know About Tax-related Identity Theft
What To Know About Tax-related Identity Theft Tax-related identity theft occurs when someone uses a taxpayer's stolen SSN to file a tax return claiming a fraudulent refund. In the vast majority of tax-related identity theft cases, the IRS identifies a suspicious tax...
Special Tax Benefits for Members of the Military
Special Tax Benefits for Members of the Military Military personnel and their families face unique life challenges with their duties, expenses, and transitions. As such, military members may qualify for tax benefits not available to civilians. For example, they don't...
Welcoming Johnstown: event held to showcase culture and accept immigrants
CAMBRIA COUNTY, Pa. (WJAC) — Aditi Sridhar and Tulsi Shrivastava, both graduates of Richland High School, aren't sisters or cousins. They're friends who have bonded over their Indian decent. "I've known Tulsi since I was two years old. I went to her birthday parties....
Working With an M&A Professional to Sell Your Business
[vc_row][vc_column][vc_column_text]This virtual panel-driven session will help any owner thinking about exiting or transitioning a business. Our panel includes specialists in investment banking, business brokerage, tax, and valuation. The event is for leaders...
Lockheed Martin celebrates expansion with new Somerset Co. facility
Johnstown, PA (WJAC) — Lockheed Martin celebrated the opening of its newly expanded Johnstown facility on Thursday. The new location is at a building along Miller Picking Road in Davidsville, Somerset County. Representatives John Joyce and Glenn Thompson joined the...
Taxpayer Rights: Pay No More Than the Correct Amount
As a reminder, taxpayers have the right to pay only the amount of tax legally due, including interest and penalties. They also have the right to have the IRS apply all tax payments properly. This is one of 10 fundamental rights known collectively as the Taxpayer Bill...
What To Do if You’re Missing Important Tax Documents
As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their documents before filing a tax return. You should have received a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your...
Cash Management Tips for Your Small Business
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business's success. In fact, a healthy cash flow is more important than your business's ability to deliver its goods and services....
Reminder: Rules for Depreciation and Expensing
Reminder: Rules for Depreciation and Expensing As part of the final guidance issued that pertains to the Tax Cuts and Jobs Act of 2017, new rules and limitations are in effect for taxpayers who deduct depreciation for qualified property acquired after September 27,...