New withholding obligation New Pennsylvania law puts more of a burden on Pennsylvania companies “For all you businesses operating in Pennsylvania, effective January 1, 2018, Pennsylvania requires you to withhold Pennsylvania personal income tax, currently at the rate of 3.07 … Continue reading →

Employment Attorney, Michael J. Torchia Invited to Testify Before PA House of Representatives Department of Labor and Industry Committee (Huntingdon Valley, PA: April 23, 2018) Attorney, Michael J. Torchia has been invited to testify before the Pennsylvania House of Representatives … Continue reading →

Is your company prepared to respond to claims of sexual harassment? By David Chelan It used to be when employees made a sexual harassment complaint to human resources, the department would investigate and the matter stayed confidential from the public … Continue reading →

Download the PDF Stock option basics Understand the differences between incentive, non-qualified stock options There are two types of stock options: incentive stock options (ISOs) and non-qualified stock options (NSOs). A company may grant ISOs and NSOs to its employees, … Continue reading →

The BBA Partnership Audit and Assessment Rules take effect January 1, 2018 – Has your Partnership or Operating Agreement been updated? Effective January 1, 2018, the Bipartisan Budget Act of 2015 (the “BBA”) will govern IRS audits of partnerships, joint … Continue reading →

Congress just passed the biggest tax reform law in 30 years, one that will make fundamental changes in the way you, your family and your business calculate and pay taxes.  Since most of the changes will go into effect next … Continue reading →

by SBN Staff Download the PDF The one maxim that holds true for all business owners is that eventually they will be forced to exit their business — either on their own accord or involuntarily. For many, the next best … Continue reading →

Michael J. Torchia Recipient of the Honorable Joseph M. Nardi Jr. Distinguished Service Award from the Rutgers Camden School of Law (Huntingdon Valley, PA: December 4, 2017) Managing Member Michael  J. Torchia, was awarded the Honorable Joseph M. Nardi Jr. … Continue reading →

Semanoff Ormsby Greenberg and Torchia, LLC congratulates Member Michael J. Torchia, who will receive the Honorable Joseph M. Nardi Jr. Distinguished Service Award.  The award commemorates the life and accomplishments of the Honorable Joseph M. Nardi Jr., a highly respected … Continue reading →

Download the PDF Anyone who has purchased real property in Pennsylvania knows that one of the highest costs paid at “closing” is realty transfer tax. In Pennsylvania, this tax is imposed by the Commonwealth and the counties upon the transfer … Continue reading →