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Articles by Lee Frank, MBA, CPA

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CARES Act Impact on Tax

By Lee Frank, MBA, CPA April 2, 2020

In response to the growing COVID-19 pandemic and its effects on the country’s economy, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27, 2020. The Act is filled with multiple efforts to support the economy while the country deals with job furloughs,…

More Tax Relief Clarity Arrives

By Lee Frank, MBA, CPA March 24, 2020

The IRS and State of Pennsylvania have both issued updates to their 2019 tax return filing  dates as well as the estimated tax payments due for tax year 2020. The IRS has issued further guidance on the filing deadline. A majority of Individual and Corporate taxpayers that had an original…

Qualified Business Income Deduction

By Lee Frank, MBA, CPA May 31, 2019

As the first tax return filing season under the newly minted Tax Cut and Jobs Act (TCJA) has passed, one thing has become clear, there is nothing clear about the qualified business income deduction (QBID). The QBID is seen as the small business equivalent to the tax rate decrease provided…