KIM YEUNG LING P.C.
Certified Public Accountants
Tax, Accounting, and Payroll Services for Individuals and Small/Medium-Sized Businesses

Important information for businesses: 

• If you received pandemic-related SBA loans, grants, and tax credits, make sure to account for them the right way on your tax return. It is a common issue overlooked at other CPA firms.

• Congress plans to increase Corporation tax rate to at least 25%. Our experienced accountants can help strategize your new corporate formation strategy or existing business re-organization.

• PA Department of State requires Decennial filings for all businesses that were formed more than 10 years ago. We are here to help you file.

• ​S-Corp shareholders are now required to file Form 7203 (Stock and Debt Basis) starting this year. Failure to comply may result in fines of up to $520 per K-1. Speak to us ASAP to avoid unnecessary fines.

公司税重要更新：

• 如果您收到了与疫情相关的SBA贷款，政府补助金和税收抵款，请确保这些补助在您的年度税单中被正确地申报。这是其他会计师事务所会普遍忽略的问题。

  美国国会计划将公司税率提高到至少25%，具有丰富经验的会计团队可以帮助您制定新的公司组建战略或对现有的公司进行战略重组。

• 宾州政府要求所有成立超过10年的公司提交10年一次的备案，我们可以帮助您整理并提交备案。

• 小型公司（S-Corp）股东从今年开始被要求申报7203表（股票及债务信息表）。如果没有申报每个股东可能会有高达$520的罚款。请您立即联系我们以避免不必要的罚款。