C. Malcolm Smith & Company, P.C.

Call Directions Website Contact the business

C. Malcolm Smith & Company, P.C. Our firm offers financial services for businesses and individuals. Call or email for your next appointment today!

Our firm specializes in providing quality accounting services. We offer business valuation, tax planning, and financial planning for individuals and small businesses, as well as small business accounting. Please call or visit our website for more details.

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware...
10/23/2026

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware of the trust fund recovery penalty (TFRP). As a responsible individual, you may be personally liable for a 100% penalty on income and employment taxes your business either fails to collect or fails to remit to the IRS. Your actions must be “willful,” meaning you’ve been, or should have been, aware of the responsibility and either intentionally disregarded the law or were indifferent to it. According to the IRS, no “evil intent or bad motive” is required. Call us at (610) 375-6330 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employ...
10/21/2026

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employees use personal vehicles for business, establish a system for logging trips as they occur. QuickBooks users can take advantage of mobile tools that automatically track trips and classify business vs. personal mileage. Other mileage apps or a well-maintained manual log can also work. As year end approaches, make sure your records include key details, such as mileage and business purpose. Timely, accurate documentation is essential for bookkeeping, employee reimbursements and tax reporting. Call us at (610) 375-6330 for help improving your mileage tracking process.

Before the calendar turns, take time to make sure your business is positioned as strategically as possible for tax seaso...
10/20/2026

Before the calendar turns, take time to make sure your business is positioned as strategically as possible for tax season.

Swipe through two key tax moves to consider before year-end: reviewing depreciation opportunities and planning for bonuses or charitable giving.

Ready to review your numbers or map out the most effective strategy for your situation? We're here to help. A quick year-end check-in can make a meaningful difference come filing season. Give us a call anytime.

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. ...
10/20/2026

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. Now is the time to take action by reviewing your estate plan, updating beneficiary designations, and exploring strategies such as gifting or establishing trusts that may help minimize tax exposure. Every situation is unique, and the right approach depends on your family’s needs, assets and long-term goals. Contact us at (610) 375-6330 for assistance structuring your estate in a tax-efficient way.

Did you celebrate your 73rd birthday in 2026? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you generally mus...
10/19/2026

Did you celebrate your 73rd birthday in 2026? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you generally must take your first required minimum distribution (RMD) by this Dec. 31 (or, potentially, by April 1 of next year). RMDs are annual withdrawals of specified amounts based on your age and the account’s value at the end of the last tax year. For more information about managing retirement income, contact us at (610) 375-6330.

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash,...
10/16/2026

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash, money orders or cashier’s checks from U.S. senders to foreign recipients via certain remittance transfer providers such as Western Union and MoneyGram. But transfers made via credit or debit card, bank account transfer, or digital wallet aren’t subject to the excise tax. Essentially, the tax doesn’t apply to transfers from accounts in financial institutions subject to Bank Secrecy Act requirements or to credit or debit cards issued in the U.S. So to avoid the extra expense, consider using a card or ACH transfer from your own bank account. Contact us at (610) 375-6330 to learn more.

Fall has a way of sneaking up on us. Between the cooler temperatures and the shorter daylight hours, so many things are ...
10/15/2026

Fall has a way of sneaking up on us. Between the cooler temperatures and the shorter daylight hours, so many things are beginning to change this time of year. But one thing that will never change is that we are always here for you.

Whatever questions or needs come up this fall, we are right here. Give us a call anytime. We are always happy to help.

If you disagree with an IRS decision, you may have more options than you realize. The Taxpayer Bill of Rights entitles t...
10/14/2026

If you disagree with an IRS decision, you may have more options than you realize. The Taxpayer Bill of Rights entitles taxpayers to a “fair and impartial administrative appeal” of most IRS decisions, including many penalties. The IRS Independent Office of Appeals is separate from the office that made the original determination and provides an impartial review of your case. You have the right to a written response explaining the Appeals decision. You may also have the right to take your case to court. Appeal deadlines can be strict, so act promptly. If you receive an IRS notice or disagree with a decision, call us at (610) 375-6330 to discuss your next steps.

Year-end is one of the most valuable times to review your business finances and make smart tax-planning decisions.Swipe ...
10/13/2026

Year-end is one of the most valuable times to review your business finances and make smart tax-planning decisions.

Swipe through two key tax moves to think through before 2026 draws to a close: timing your income strategically and maximizing retirement contributions.

Ready to review your numbers or map out the most effective strategy for your situation? We're here to help. A quick year-end check-in can make a meaningful difference come filing season. Give us a call anytime.

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax...
10/13/2026

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax returns and keeping your books in order, we can help you improve cash flow, safely plan for expansion and make smarter financial decisions. Let’s talk about how our advisory services can strengthen your strategic planning, streamline operations, and uncover new opportunities for long-term growth and success. Call us today at (610) 375-6330 to schedule a consultation.

Address

3020 Penn Avenue, Suite 2
West Lawn, PA
19609

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+16103756330

Website

Alerts

Be the first to know and let us send you an email when C. Malcolm Smith & Company, P.C. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to C. Malcolm Smith & Company, P.C.:

Shortcuts

Share

Category