Blogs
How Will ObamaCare Affect Your Business?
The Affordable Health Care Act known as ObamaCare is expected to radically change our health care system in the United States. Whether you are for it or against it, savvy business owners are planning ahead to be in compliance when necessary. Although the Affordable Health Care Act was initially slated to come into full effect […]
Figuring Out How Much a Business is Worth
How much is your business worth? Most small business owners don’t think about this question until it’s time to either sell the business or borrow money to grow the business. Figuring out the value of a business can be complicated and time-consuming, but if the need arises, here are a few tips to get you […]
Tenth Circuit Grants Hobby Lobby’s Request for Reprieve Related to Its Religious Freedom Challenge to the Federal Birth Control Mandate
A federal appeals court recently decided Hobby Lobby stores won’t have to start paying millions of dollars in fines for not complying with the federal birth-control coverage mandate. The decision allows Hobby Lobby to proceed with its constitutional challenge to the mandate. Hobby Lobby Stores Inc. has mounted a challenge to the birth-control coverage mandate […]
What is the Capital Stock and Franchise Tax?
Pennsylvania’s capital stock and franchise tax (CSFT) is a property tax imposed on the capital stock value of businesses in Pennsylvania. Determined through a complex formula, it is a tax paid regardless whether a business incurred a loss or made a profit in the previous year. Pennsylvania limited liability companies (other than restricted professional corporations) […]
Pennsylvania’s Inheritance Tax Tough on Small Businesses
Lawmakers in Harrisburg recently considered a proposal that would exempt business assets from the state’s inheritance tax. The legislation is a welcomed glimmer of hope for many family-owned, small businesses in Pennsylvania. Pennsylvania’s inheritance tax is particularly taxing for many small businesses because heirs often are forced to close the family business when an owner […]
Economic Study Favors Pennsylvania’s Business Climate
A report released recently by the American Legislative Exchange Council (ALEC) reveals an optimistic economic outlook for Pennsylvania. ALEC’s Rich States Poor States Economic Competitiveness Index measured 15 equally-weighted economic variables among states, including tax rates, regulatory burdens and labor policies in each state. The report ranks Pennsylvania’s business regulatory environment as the 34th-best in […]
Which Employees Are Exempt from Overtime?
A question employers ask us frequently is whether overtime rates are applicable to all employees, and if not, which employees are exempt? Properly-designated salaried employees are exempt from overtime. There are exceptions, but the general rule of thumb is that employees whose primary duties concern management of the general business operations of the employer and […]
Starting a Home-Based Business in Pennsylvania
You may be tired of the nine-to-five grind or ready to spend more time at home with your children. The reality for most people, however, is that you must continue providing constant income for your family. Starting a business in your home can be a way to put your business ideas into motion while saving money […]
Business Mergers Can Improve Both Bottom Lines
Many business owners looking to expand will often seek out an existing business in the target area. Instead of starting from the ground up, the growing business will purchase another business outright, or as we will discuss today, propose a merger of the two businesses. In this article, we will discuss some of the factors […]
Review Your Business Contracts Before It’s Too Late
One common mistake business owners make when it comes to drafting their contracts is copying contracts from another business to use as their own. The problem with this method is that a contract used by your business should be written with your specific business goals in mind taking. Your contracts should also protect you from […]
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