IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
DE - Governor proposes credit for hiring veterans Delaware Gov. Jack Markell proposed to expand tax credits to
Delaware businesses that hire veterans in his 2012 State of the
State address. The governor made no additional tax prop...
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.
