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Leadership

Leadership Experience.

Posted by on Aug 12, 2001

The partners and principals of Hertzbach are diverse in their professional backgrounds, experience, and achievements. Each partner/principal has made a unique contribution to the growth and success of the firm. Many of our partners and principals started their careers with our firm.

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Strategy

Service Strategies.

Posted by on Aug 12, 2001

Our team of over 180 professionals is diverse in their experience and achievements, concentrating in many practice service areas, including accounting and auditing, taxation, consulting, and specialized industries. Our depth of expertise and reputation make us the choice for businesses and individuals.

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Expertise

Industry Expertise.

Posted by on Aug 12, 2001

Hertzbach & Co. provides services and consulting to a wide range of industries. We understand the unique practices of these industries. Our professional team of CPAs, working with other professionals and support staff, provide the specialized resources needed to succeed in all aspects of business.

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Beliefs

What We Believe.

Posted by on Aug 12, 2001

As a certified public accounting and consulting practice, we believe that every client, without exception, has the right to the highest level of expertise and advice, a thorough understanding of their financial position and a commitment by those engaged and entrusted to guide them to business success.

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Recent Posts

Pennsylvania Subjects Digital Goods to Sales/Use Tax and Establishes a Tax Amnesty Program

Pennsylvania Subjects Digital Goods to Sales/Use Tax and Establishes a Tax Amnesty Program

Aug 24, 2016

On July 13, 2016, Pennsylvania Governor Tom Wolf (D) signed into law H.B. 1198, 2015-2016 Reg. Sess. (Pa. 2016), which broadens the sales and use tax base to include digital goods (whether digitally or electronically delivered, streamed, or accessed), and includes provisions that require the Department of Revenue to revise the tax due upon review of an amended corporate tax return. In addition, H.B. 1198 makes various changes to the Bank and Trust Company Shares Tax, establishes a 60 day tax amnesty program, and amends and creates several tax credits and incentives. Sales/Use Tax on Digital Goods Effective as of August 1, 2016, H.B. 1198 broadens the sales and use tax base to include digital goods whether digitally or electronically delivered, streamed, or accessed. Specifically, H.B. 1198 defines tangible personal property to include video, photographs, books, music, games, canned software, applications (or “apps”), satellite radio service, and any other taxable tangible personal property digitally or electronically delivered, streamed, or accessed. These items, including updates, support, and maintenance, are subject to tax whether purchased by subscription, singly, or in any other manner. Previously, the Department had administratively taxed canned software accessed electronically. Taxpayers should consider updating their sales and use tax systems to collect the appropriate tax on sales of digital goods beginning August 1, 2016. In addition, taxpayers should assess whether use tax is due on a purchase of a digital good where no sales tax has been paid. Tax Amnesty Program H.B. 1198 requires the governor to establish a 60 day tax amnesty program for a period ending no later than June 30, 2017. In addition, H.B. 1198 requires the Department to develop and publish guidelines for the program within 60 days of July 13, 2016. The amnesty program applies to any tax administered by the Department and to liabilities delinquent as of December 31, 2015, including a liability related to an unfiled return. H.B. 1198 imposes a 5-percent non-participation penalty. The amnesty program entitles a participating taxpayer to waiver of all penalties and 50 percent of interest and a limited look back period for any unknown liabilities due prior to January 1, 2011. However, the amnesty program requires the taxpayer to file...