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Kennett Square
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Kennett Square
Showing 51 to 52 of 52 CPAs in Kennett Square, Pennsylvania
EK
Eric K. Schultheis
Certified Public Accountant
Verified Licensed
Location Kennett Square, Pennsylvania 19348
Eric K. Schultheis is a certified public accountant (CPA) based in Kennett Square, Pennsylvania. With over 15 years of experience, he provides general accounting and advisory services to entrepreneurs and startups with various business structures, including S-Corps, partnerships, and LLCs. His specialization includes tax compliance, individual tax services, and basic accounting services, utilizing his expertise to help clients navigate complex financial situations. Eric focuses on tax planning and consulting, ensuring his clients are in compliance with tax laws and regulations.
TJ
Thomas J. Corcoran
Certified Public Accountant
Verified Licensed
Location Kennett Square, Pennsylvania 19348
Located in Kennett Square, Pennsylvania, Thomas J. Corcoran provides accounting services to individuals and families, as well as small and medium-sized businesses. With over 15 years of experience, he specializes in basic accounting services, tax compliance, and financial planning, offering expertise in areas such as bookkeeping and financial statement compilation. His services include general accounting and advisory, helping clients navigate financial matters and make informed decisions.

Pennsylvania's large CPA market serves a populous state with diverse economy from finance and healthcare to manufacturing and agriculture. The Pennsylvania State Board of Accountancy requires 150 semester hours for licensure. CPAs must complete 80 hours of continuing professional education every two years, including 2 hours of ethics and minimum technical requirements.

Key Tax Considerations: Pennsylvania has a flat 3.07% individual income tax (no local deductions allowed) and 8.99% corporate net income tax, but extremely complex local taxation with thousands of jurisdictions imposing earned income tax, local services tax, and business privilege taxes. CPAs commonly handle state tax compliance, navigating the bewildering array of local taxes, sales and use tax, and multi-state issues. Philadelphia has its own city wage tax and Business Income and Receipts Tax adding complexity. The lack of state deductions for federal itemized deductions creates planning differences from most states.

Industry Specializations: Healthcare systems and life sciences, financial services and insurance, manufacturing (traditional and advanced), higher education, energy (Marcellus Shale natural gas), agriculture, technology, professional services, and tourism are primary focus areas. Philadelphia CPAs often specialize in life sciences and financial services, while Pittsburgh focuses on healthcare and technology transformation. Rural areas maintain strong agricultural and traditional manufacturing practices.

For CPA Professionals: The Pennsylvania Institute of CPAs serves one of the nation's largest CPA communities. Major markets include Philadelphia (life sciences, finance, professional services), Pittsburgh (healthcare, technology, traditional industries), and numerous secondary markets like Harrisburg, Allentown, and Erie. The state offers diverse opportunities from sophisticated urban practices to rural agricultural services. Local tax complexity creates specialization opportunities, and the large population base provides stable demand. Cost of living varies significantly from expensive Philadelphia suburbs to very affordable rural areas.