Sisterson & Co. LLP Blog
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Sisterson & Co. is a partnership of 14 individuals. For more than 95 years, the firm has grown organically (no mergers or acquisitions) and has developed a culture centered around client service, proven by decades of service to large, successful and..
Sisterson & Co. LLP Blog
1M ago
As part of Act 122, which was signed into law in November 2022, all Pennsylvania businesses must complete an annual filing beginning in 2025 ..read more
Sisterson & Co. LLP Blog
2M ago
Do your not-for-profit's accounting processes work perfectly — with no errors, delays or other inefficiencies? If yours is like most organizations, probably not ..read more
Sisterson & Co. LLP Blog
4M ago
On December 15, 2023, the IRS released the optional standard mileage rates for 2024 in Notice 2024-8 ..read more
Sisterson & Co. LLP Blog
4M ago
The IRS issued proposed regulations on long-term, part-time employees' eligibility to participate in 401(k) plans ..read more
Sisterson & Co. LLP Blog
4M ago
On November 9, 2023, the IRS issued Revenue Procedure 2023-34, announcing the 2024 inflation-adjusted amounts for various tax items ..read more
Sisterson & Co. LLP Blog
4M ago
The Social Security Administration (SSA) announced that the maximum earnings subject to Social Security tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). The maximum Social Security employer contribution will increase by $520.80 in 2024 ..read more
Sisterson & Co. LLP Blog
4M ago
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit ..read more
Sisterson & Co. LLP Blog
4M ago
Most not-for-profits believe they cannot afford to turn down offers of financial support. At the same time, such organizations should not blindly accept funding simply because it is offered. Some grants may come with excessive administrative burdens, cost inefficiencies and lost opportunities ..read more
Sisterson & Co. LLP Blog
4M ago
On August 25, 2023, the IRS announced in Notice 2023-62 that higher-income participants in 401(k) and similar retirement plans have been given a two-year delay on the new requirement that they must designate their catch-up contributions to those plans as after-tax Roth contributions ..read more