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title: Your Brinker Simpson Newsletter for August 2022📰
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We strive to consistently share helpful guides and publications that address timely financial, tax, and general business needs.

| View in browser At Brinker Simpson, we provide our clients and friends with the latest and most critical business information available. We strive to consistently share helpful guides and publications that address timely financial, tax, and general business needs.   Click here to access the Brinker Simpson Blog and here to access our firmwide updates.   New PA Rules for Tipped Workers Explained For the first time in 44 years, Pennsylvania has updated the rules affecting tipped workers and salaried workers who have fluctuating work-week schedules. These changes went into effect on Aug. 5, 2022. Read more   IRS Hikes Penalties for Underpaying Taxes The penalty for underpaying your taxes is about to sting a bit more than in the past. The IRS announced that the interest rates it charges for underpayments will rise for the last quarter of 2022 — Oct. 1 through Dec. 31. Read more   How External Confirmations Are Used During an Audit External confirmations are one of the simplest but most effective audit tools. Do you understand how they work? Read more   Small Business Tax Incentives for Employers: Credits, Grants & More Sometimes, bigger isn’t better: You don’t have to be a large business to benefit from tax breaks. Here are three ways that eligible small businesses can save on taxes. Read more   Estates Now Have an Additional Three Years to File for a Portability Election Taxpayers who qualify for this new simplified method can elect portability of a Deceased Spouse’s Unused Exemption up to five years after death. This new procedure is a fantastic federal estate tax savings for certain surviving spouses. Read more   How to Use Real-Time Financial Data to Improve Your Cash Flow Forecast Improving cash flow can be a challenge for small businesses, but fixing these common issues can help you take out the stress and gain some financial breathing room. Read more   A Closer Look at Tax Items in The Inflation Reduction Act The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. This law contains several provisions that could affect you. Learn what's changed so you can adapt. Read more   Brinker Simpson Announces Firm-Wide Promotions Brinker Simpson & Company is pleased to announce promotions for seven professionals within the Firm. These promotions exemplify the Firm's commitment to growing future leaders and expanding service lines and practice areas to better serve our clients. Read more   Brinker Simpson Donates June Dress Down Collection to The Community Action Agency of Delaware County, Inc. (CAADC) Brinker Simpson was proud to donate our June Dress Down collection of $620.00 in support of The Community Action Agency of Delaware County, Inc. (CAADC), a nonprofit 501(c)(3) corporation dedicated to serving the economically disadvantaged residents of Delaware County for over forty years. Read more   Brinker Simpson & Company 940 West Sproul Road, Suite 101 Springfield, PA 19064 610-544-5900   Unsubscribe   Manage Preferences Our firm provides the information in this e-newsletter for general guidance only and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose. |
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