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PROFESSIONAL CORPORATION 4350 Carlisle Pike (717) 763-8044 / Fax
763-1111 BUSINESS
TAX UPDATES
SALES TAX UPDATES Date Posted: 12/01/08 NEW MANDATORY E-FILE/TELE-FILE - PA no longer issues paper sales tax booklets (since 2005). Click on my Sales Tax - Internet/Telephone Filing worksheet on the far left for more information... listed under the "FREE DSB TAX AIDS" heading. Date
Posted: 12/29/07 You
can print $52 LST Exemption
Certificates from our web site... listed under the FREE
DSB TAX AIDS heading on the far left. Such certificates are to be
completed by the employee and forwarded to us asap. The exemption most
commonly applies to 1) employees that already have the LST withheld by
their primary employer or 2) employees expecting to earn less than a certain
dollar threshold within the employer's municipality. The
dollar threshold is set by your municipality and we have mailed you this
information. Date
Posted: 12/01/07 Effective 01/01/08 the $52 EMST is renamed the Local Services Tax (LST) and must be withheld at $1/week rather than a lump sum $52 paycheck deduction. We are mailing you custom information regarding your specific municipality's rules. Date Posted: 07/24/09 FEDERAL & PA MINIMUM WAGE CHANGES: Effective
07/24/09 the minimum hourly wage
increases to $7.25 (previously $7.15 for PA). Additional information
can be found at www.dli.state.pa.us CORPORATE & BUSINESS
TAX UPDATES Date
Posted: 12/16/09 Effective
06/10/09, employees laid off or
terminated by small employers (2-19 employees) are now eligible for
PA Mini-COBRA continuation of group health insurance
benefits. Prior to this, only companies employing more than 19 people
needed to comply with the COBRA rules. Mini-COBRA only affects
employers that provide a health insurance plan for the employees to
participate in. This type of employer needs to contact
their health insurance provider asap after any employee separates from
service (no longer works for you for any reason). If the
health insurance provider is a small company and does not appear familiar
with the Mini-COBRA required procedures, then I suggest that you hire an
attorney to walk you through your employer legal requirements. Contact
our office immediately if you learn from your health insurance provider that
your company must provide Mini-COBRA for a specific employee that has
separated from service. Date Posted: 12/03/09 Effective 01/01/10 the STANDARD BUSINESS MILEAGE RATE has
been adjusted to 50 cents per mile. Date Posted: 12/01/08 Effective 01/01/09 the STANDARD BUSINESS MILEAGE RATE has
been adjusted to 55 cents per mile. |