Foulkrod & Associates, Inc.

08/20/2026

If you currently hold a sales tax license in Pennsylvania, you may have received an email about updated sales tax rules. This is only applicable if you are delivering goods or services to customers in Philadelphia or Allegheny County (Pittsburgh).

If you have any questions, please give our office a call.

08/11/2026

Putting in some extra hours this summer? Take advantage of deducting up to $12,500 of qualified overtime pay. Not sure if the hours you worked qualify? Check out these easy-to-understand resources on the Working Families Tax Cuts.

Start learning today at https://ow.ly/pKH550ZuQR1.

08/04/2026

APPLY TODAY!

BOOST: Business Owner Operations and Scaling Training, hosted by the Temple Small Business Development Center, is a 10-week program for first year business owners who want to build stronger operations and grow their companies.

BOOST meets virtually on Thursdays, running from September 10th through November 19, 2026 from 10 am -12 pm.

Through interactive virtual sessions, personalized coaching, and practical skill-building exercises, you'll develop the core competencies needed to manage and scale your business effectively. This program is ideal for entrepreneurs who have launched their ventures and are now facing the real-world challenges of running day-to-day operations, managing resources, and positioning their businesses for long-term success.

Applications close Wednesday, September 3, 2026 at 6:00pm. Click the link below for more information and to apply!

https://ow.ly/eG6E50ZslJF

08/04/2026

Fraudsters are mailing letters that direct cryptocurrency holders to a bogus “Digital Asset Compliance Portal” that mimics IRS.gov to collect personal information and digital asset credentials.

Taxpayers affected by a fraud scheme should take several steps:

1. Stop communicating with the fraudster;
3. Change passwords for affected financial accounts;
3. Contact their financial institution or cryptocurrency exchange immediately if you shared credentials;
4. 5. Preserve screenshots, emails, and letters; and
Report information to IRS-CI at www.IRS.gov/SubmitATip.

July 30, 2026 — Fraudsters are mailing fake IRS letters to cryptocurrency holders in an attempt to steal personal information and digital assets.

07/22/2026

As of 7/1/26, the standard mileage rate for business use of a vehicle is 76 cents per mile for the remainder of 2026.

The midyear change follows an increase in gasoline prices, according to the IRS. It is the first such midyear adjustment since 2022.

07/01/2026

🇺🇸 Our office will be closed on Friday, July 3, in observance of Independence Day. 🇺🇸

06/25/2026

For our clients who use Pennie for their health insurance:

Due to federal changes, there are more penalties if you do not update your Pennie account as things change throughout the year.

Please feel free to reach out to us if you have questions, or call Pennie Customer Service at 844-844-8040

05/22/2026

🇺🇸 Our office will be closed on Monday, May 26, 2026, in observance of Memorial Day 🇺🇸

05/22/2026

We are aware of the recent federal court decision, Kwong v. United States that may create an opportunity for some taxpayers to seek refunds or other relief for certain IRS penalties and interest connected to the COVID-19 period.

While we are monitoring the evolving situation and evaluating whether the ruling may be relevant based on individual circumstances, please reach out to us if you believe these changes may be relevant to you.

05/21/2026

Have you received a CP53E Notice?
📍Here is some useful information:

Received IRS Notice CP53E? Learn how to safely update your direct deposit, avoid refund delays, and spot scams trying to steal your banking information.