IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
DE - Hurricane and tropical storm filing extension updated The Delaware Division of Revenue has announced that it will extend
the filing deadline, and will not access any late-filing penalties,
for Delaware corporation and individual incom...
NJ - Madoff victims entitled to refunds Taxpayers, who were victims of the Madoff Ponzi scheme, were
entitled to file amended New Jersey gross (personal) income tax
returns for 2005 through 2007 to claim refunds for inte...
PA - DOR updates bulletin on restricted credits The Pennsylvania Department of Revenue (DOR) has issued a corporate
income tax bulletin addressing the application of restricted
credits and requirements for selling tax credits. S...
Berkowitz & Berkowitz, located in Fort Washington, Pennsylvania, is a CPA firm founded in 1948, serving the surrounding Philadelphia and tri-state area. We offer a wide range of accounting, tax, auditing, and business advisory services to individuals, small to medium sized businesses and family owned businesses in an array of industries, as well as not-for-profit organizations. We know our clients' companies and maintain open communication, develop and coordinate the proper business or tax strategies and offer the personalized services that each and every client, all of whom are important to us, has come to expect.
This Website has been designed to become a helpful resource tool to you, our valued clients and visitors. While browsing through our Website, you will see highlighted background information on our firm in our Profile section and the services we provide in our Services section. We have also included useful resources such as informative articles in our Newsletter section and interactive financial calculators in our Tools section. In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors in our Links section.
Please feel free to contact us with any questions or comments you may have.
