Governor Wolf has announced the successful January 1, 2016 phase-out of Pennsylvania’s Capital Stock and Foreign Franchise tax. These taxes were imposed on corporations, limited liability companies, and other companies doing business in Pennsylvania. The Pennsylvania Department of Revenue has noted that the elimination of the Capital Stock and Foreign Franchise Taxes means that many business types, such as S Corporations and limited liability companies will be filing their final corporation tax returns for 2015 and these returns will be marked as final returns.
Stay up-to-date with the latest in tax and accounting news by signing up for our monthly e-newsletter.
RLH CPAs & Business Advisors, LLC
All Rights Reserved
© Copyright 2018 | Maryland Permit 801
SIGN UP TO RECEIVE OUR MONTHLY NEWSLETTER.
Receive Tax Tips and Latest News Directly In Your Inbox!
Website Design by
Crawford Designs, LLC