Drew Vanden Brul

by Drew VandenBrul, CPA | Mar 14, 2023 There are a variety of reasons for income tax laws and policies to differ between states, but it may not be a good sign if a state holds a singular position or is in the vast minority of states on key issues.

by Drew VandenBrul, CPA, and Michael Semes, JD | Dec 09, 2022 By Drew VandenBrul, CPA, and Michael Semes, JD On July 8, 2022, Pennsylvania Gov. Tom Wolf signed House Bill 1342 into law as Act 53 of 2022, culminating month’s-long bipartisan negotiations. The law marks the first change in Pennsylvania’s corporate net income tax (CNIT) rate since 1995, reducing it by more than 50% over the next nine years: from 9.99% in 2022 down to 4.99% in 2031.

Personal Financial Planning Mitigate the Tax Impact of the Death of an Owner/Shareholder By Michael C. DeFillipo, CLU, ChFC With the current estate tax exemption levels set to sunset at the end of 2025 (if not before), business owners and their CPAs may need to take appropriate steps in the tax and legacy planning process. A key factor to framing a solution is to first understand how the owner’s interest in the business will affect their overall net worth and potential estate tax exposure. Read