Everyone who does business in the city of Philadelphia – whether or not they have offices or permanent employees there – needs to be aware of Philadelphia’s local business taxes, and the strategies available for reducing their potentially negative impact. We are regularly engaged in working through audit and non-filing issues on city taxes, as well as with similar taxes in suburban townships. Because these taxes do not conform to federal tax timing and income recognition rules, they can present an unwelcome surprise to unwary businesspeople.
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