Philadelphia, PA -- (SBWIRE) -- 04/15/2019 -- As the top-rated provider of accounting and bookkeeping services throughout the Philadelphia region, Brennan and Company CPA, PC is committed to helping their clients prepare accurate tax returns and minimize their tax bills. Now, the organization is advising on why many taxpayers are experiencing smaller tax refunds this year.

As a result of the Tax Cuts and Jobs Act, there were changes that took effect this year and impacted the tax returns for many Americans across the country. Through reduced withholding, there have been incremental increases in the paychecks of a majority of taxpayers. However, this resulted in a smaller tax refund for most of them.

These smaller refunds have caught many U.S. citizens off guard, especially families with children under the age of 17. Because many taxpayers rely on their tax refund as a built-in means of saving money or paying down debt, this has been an unexpected financial hardship.

As a result of the smaller tax refunds, it's predicted that many industries will be affected, namely retail sales. Families tend to splurge on big-ticket items after they receive their tax refunds like cars, appliances, and furniture, but a reduced return can hamper those spending habits. So even though total tax bills may not be higher this year, it could still have a far-reaching economic impact.

Any individuals who have questions about how the Tax Cuts and Job Act may have affected their tax refund, or for bookkeeping help for small businesses in Philadelphia, call Brennan and Company CPA, PC at 215-951-5585 or visit https://brennanandcompanycpa.com/.

About Brennan & Company CPA, PC
Providing accounting, attestation, and tax services for small businesses through Southeastern Pennsylvania since 1996, Brennan & Company CPA, PC is committed to helping clients effectively manage their finances. With a risk-averse approach to financial decisions, the company offers responsible tax guidance and direction, all with a dedication to integrity, security, and privacy.

For more information on Brennan & Company CPA, PC, please visit http://brennanandcompanycpa.com/.

For more information on this press release visit: http://www.releasewire.com/press-releases/brennan-and-company-cpa-pc-advises-on-why-taxpayers-are-seeing-lower-refunds-this-year-1195668.htm

Philadelphia, PA -- (SBWIRE) -- 03/14/2019 -- The recent government shutdown, lasting 35 days, was the longest in the history of the United States, impacting many government agencies, including the IRS. Because this shutdown comes at the beginning of the 2019 tax season, many individuals have voiced concerns about how this shutdown will affect their tax returns. Brennan & Company CPA, PC, the provider of small business accounting services in Philadelphia, is now offering information regarding the delays and disruptions that the IRS faces and what it means for taxpayers across the region.

Although the IRS furloughed more than 80% of its employees during the shutdown, it did not close entirely. During this time, the agency continued to insist that tax would begin on time and even recalled some furloughed employees to prepare for the season. Because of the reduction in staff members over the shutdown period, the IRS experienced a significant decrease in their call capacity to handle inquiries over the phone, and not everyone who called was able to receive an answer. In fact, this diminished ability to field calls is expected to continue well into the tax season.

For individuals concerned that this shutdown will adversely affect their tax refund, the simple answer is no. The IRS is reciting that they will still be able to follow their planned refund schedule, which can be found on their website. Additionally, using the "Where's My Refund?" tool on their site can help individuals to track their refund. To prevent any other delays, it's recommended to file electronically and choose direct deposit for any refunds expected form the agency.

The experts at Brennan & Company CPA, PC can provide guidance for any individuals with questions about their tax situation or refunds. For more information, or for bookkeeping services for small businesses in Philadelphia, visit their firm at http://www.brennanandcompanycpa.com or call 215-951-5585 today.

About Brennan & Company CPA, PC
Providing accounting, attestation, and tax services for small businesses through Southeastern Pennsylvania since 1996, Brennan & Company CPA, PC is committed to helping clients effectively manage their finances. With a risk-averse approach to financial decisions, the company offers responsible tax guidance and direction, all with a dedication to integrity, security, and privacy.

For more information on Brennan & Company CPA, PC, please visit http://brennanandcompanycpa.com/.

For more information on this press release visit: http://www.releasewire.com/press-releases/brennan-company-cpa-pc-advises-on-how-the-recent-government-shutdown-can-affect-tax-returns-1172269.htm

Philadelphia, PA -- (SBWIRE) -- 02/01/2019 -- Being one of the top-rated providers of bookkeeping services in Philadelphia isn't just about providing clients with expert and professional services—it's also about being a resource of information, knowledge, and advice as well. And that's precisely why Brennan and Company CPA, PC is renowned for the superior level of customer service they provide each and every client. Now, the company is offering education on tax audits and what to do if an individual has been selected to undergo the process.

While audits are relatively rare, with only 1% of Americans each year being audited, they can and do occur. Candidates can be chosen for an IRS audit for several reasons, including errors or inconsistencies while reporting on tax forms, red flags like above average holding, high deductions relative to income, or even by random selection.

Contrary to the popular images of IRS agents knocking on doors and going through an individual's personal information and documents, many audits are done through the mail, which are known as correspondence audits. Here, the IRS will simply request more data about a specific portion of a tax return. Other types of audits include in-office audits, field audits, and taxpayer compliance measurement audits.

If an individual has been audited, Brennan and Company CPA, PC advises that all deadlines for sending documents to the IRS should be closely adhered to. Additionally, one should never send their original or only copy of a receipt or other critical financial document, nor should they supply the IRS with more information than they are requesting.

Any individuals who have been audited or have more questions about this process, or who need monthly bookkeeping services in Philadelphia should contact Brennan and Company CPA, PC at 215-951-5585 or visit http://www.brennanandcompanycpa.com/ today.

About Brennan and Company CPA, PC
Providing accounting, attestation, and tax services for small businesses through Southeastern Pennsylvania since 1996, Brennan and Company CPA, PC is committed to helping clients effectively manage their finances. With a risk-averse approach to financial decisions, the company offers responsible tax guidance and direction, all with a dedication to integrity, security, and privacy.

For more information on Brennan and Company CPA, PC, please visit http://brennanandcompanycpa.com/.

For more information on this press release visit: http://www.releasewire.com/press-releases/brennan-and-company-cpa-pc-offers-information-and-advice-for-tax-audits-1136700.htm

Philadelphia, PA -- (SBWIRE) -- 01/07/2019 -- The arrival of the new year presents much more than a chance to plan for the future and look back on the previous year. It also marks the beginning of tax season, and for businesses, this time of the year can offer many challenges and issues for them, and their taxes. As the premier financial consultants in Philadelphia, Brennan and Company CPA, PC explains why these small and medium-sized businesses need professional tax preparation services this season.

While many businesses have an accountant who can follow the rules and regulations set up by the Financial Accounting and Standards Board (FASB), they are not licensed CPAs and can lack the expertise that CPAs possess.

For instance, CPAs must undergo a rigorous testing process to be licensed by their state. This typically includes several days of examinations which cover a multitude of tax laws and codes, as well as other financial aspects. Additionally, CPAs must undergo continuing education to stay up-to-date on new tax laws. By comparison, accountants do not have to adhere to these standards.

The tax codes and laws for businesses can sometimes be complicated. A CPA is fully equipped to deal with these codes, and even are classified by the IRS as "enrolled agents." While an accountant can sign and prepare tax forms, they don't share this distinction, and they have only a limited ability to represent clients to the IRS.

One crucial aspect of tax season, and many businesses' worst nightmare, is how to handle themselves in the event of an audit. By hiring a CPA, a business owner can rest assured that professional has the full ability to make claims on behalf of the business and provide the representation they deserve.

To schedule a consultation for tax preparation with a CPA from Brennan and Company CPA, PC or for financial consulting services in Philadelphia, please call 215-951-5585 or visit http://brennantax.com/ today.

About Brennan and Company CPA, PC
Providing accounting, attestation, and tax services for small businesses through Southeastern Pennsylvania since 1996, Brennan and Company CPA, PC is committed to helping clients effectively manage their finances. With a risk-averse approach to financial decisions, the company offers responsible tax guidance and direction, all with a dedication to integrity, security, and privacy.

For more information on Brennan and Company CPA, PC, please visit http://brennanandcompanycpa.com/.

For more information on this press release visit: http://www.releasewire.com/press-releases/brennan-and-company-cpa-pc-explains-why-small-businesses-need-a-professional-cpa-1116858.htm

Philadelphia, PA -- (SBWIRE) -- 12/18/2018 -- Brennan and Company CPA, PC, the premier provider of financial consulting services in Philadelphia, has been selected for the 2018 Best of Philadelphia Award in the Certified Public Accountant category by the Philadelphia Award Program.

Each year, the Philadelphia Award Program identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community. These exceptional companies help make the Philadelphia area a great place to live, work, and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2018 Philadelphia Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Philadelphia Award Program, and by data provided by third parties.

More about Brennan and Company CPA, PC:

Providing accounting, attestation, and tax services for small businesses through Southeastern Pennsylvania since 1996, Brennan and Company CPA, PC is committed to helping clients effectively manage their finances. With a risk-averse approach to financial decisions, the company offers responsible tax guidance and direction, all with a dedication to integrity, security, and privacy.

For more information on Brennan and Company CPA, PC, please visit http://brennanandcompanycpa.com/.

About The Philadelphia Award Program
The Philadelphia Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Philadelphia area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Philadelphia Award Program was established to recognize the best of local businesses in the community. Our organization works exclusively with local business owners, trade groups, professional associations, and other business advertising and marketing groups. The organization's mission is to recognize the small business community's contributions to the U.S. economy.

For more information on this press release visit: http://www.releasewire.com/press-releases/brennan-and-company-cpa-pc-receives-2018-best-of-philadelphia-award-1106663.htm

Philadelphia, PA -- (SBWIRE) -- 12/04/2018 -- As the premier provider of attestation and tax preparation services throughout Southeast Pennsylvania, Brennan and Company CPA, PC offers professional accounting services for small and medium-sized businesses in the area. Now, the organization is proud to be named as the Best Accounting Firm in Philadelphia 2018 by the local television channel WPHL 17.

Each year, WPHL 17 nominates local businesses across the area in almost 200 different categories ranging from the best arts and entertainment, food and beverage, health and fitness, services, sports and recreation, and shopping. Brennan and Company CPA, PC is proud to be among the nominees named in the Best Accounting Firm in Philadelphia category.

After the WPHL 17 Top Spots votes were tallied, Brennan and Company CPA, PC was named this year's winner. The award is a prestigious recognition for the organization, and they are both excited and honored to receive the distinction.

Brennan and Company, CPA, PC is the leading provider of tax and accounting services for small and medium-sized businesses, government entities, and individuals throughout Philadelphia. Their professional services include everything from tax preparation, payroll services, and consulting services, to outsource accounting services and even tax representation to the IRS.

Led by Sean Brennan, CPA, MBA, Brennan and Company CPA, PC understands the need to enhance their clients' reputation by actively managing the many financial challenges that they face.

For more information on their services, like attestation, outsourced accounting services, or help with an IRS audit, please call them at 215-951-5585 or visit http://brennantax.com/.

More about Brennan and Company CPA, PC
Providing accounting, attestation, and tax services for small businesses through Southeastern Pennsylvania since 1996, Brennan and Company CPA, PC is committed to helping clients effectively manage their finances. With a risk-averse approach to financial decisions, the company offers responsible tax guidance and direction, all with a dedication to integrity, security, and privacy.

For more information on Brennan and Company CPA, PC, please visit http://brennanandcompanycpa.com/.

For more information on this press release visit: http://www.releasewire.com/press-releases/brennan-and-company-cpa-pc-providing-safety-in-number-named-best-accounting-firm-by-philadelphias-wphl-17-1097216.htm