Musselman & Creager, LLP - Gettysburg Office

Directions Website

Musselman & Creager, LLP - Gettysburg Office Please visit our website at www.musselmanandcreager.com. We hope that you find our website both informative and useful.

Musselman & Creager, LLP is a full service accounting firm offering accounting and tax services to the business community since 1980, with offices in Gettysburg and Waynesboro, Pennsylvania. Be sure to add our website to your favorites and please do not hesitate to pass our website onto your family and friends so that they may benefit from the resources and financial tools our website offers.

When moving to a different state, changes to your state taxes on income and property may get most of your attention. But...
11/03/2026

When moving to a different state, changes to your state taxes on income and property may get most of your attention. But state estate taxes should also be part of the equation. Some states impose their own estate or inheritance taxes, often with exemption amounts significantly lower than the current federal exemption of $15 million. State rules also differ on tax rates and residency requirements for being subject to state taxes. Before relocating, call us at (717) 334-9181 for help reviewing how your destination state’s tax laws could affect your estate plan.

A well-defined compensation philosophy can do a lot for your business. It may help attract job candidates, retain employ...
11/02/2026

A well-defined compensation philosophy can do a lot for your business. It may help attract job candidates, retain employees and control payroll costs. Although competitive pay is important, employees consider your full compensation package. This includes bonuses and other performance incentives, benefits and perks, professional development opportunities, and flexible work arrangements. Contact us at (717) 334-9181 for guidance on developing a well-rounded strategy that’s aligned with your business goals, workforce needs and budget.

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under th...
10/30/2026

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under the high-low substantiation method, the rate for lodging, meals and incidental expenses for travel to high-cost localities within the continental United States (CONUS) rises to $329 per day, from $319. The rate for other CONUS localities rises to $230, from $225. The portion attributable to meals remains $86 for high-cost areas and $74 for other areas. The incidental-expenses-only rate remains $5. Employers can pay more than the IRS per diem rates, but excess amounts generally must be substantiated or treated as taxable wages. Contact us at (717) 334-9181 to learn about all your options for substantiating business travel expenses.

If your business receives a significant amount of cash payments, meticulous recordkeeping is essential. Because cash tra...
10/28/2026

If your business receives a significant amount of cash payments, meticulous recordkeeping is essential. Because cash transactions are harder to verify, they increase the risk of underreporting income and attracting IRS scrutiny. The IRS pays close attention to these businesses and may use tools, such as cash flow analysis, bank deposit comparisons and lifestyle audits, to estimate actual income. If discrepancies arise or your records are inadequate, the IRS may reconstruct your income using indirect methods, potentially resulting in higher taxes than necessary. Contact us for help with your business at (717) 334-9181.

Are you planning to buy a business vehicle, furniture or equipment before year end? The timing of your purchase could af...
10/27/2026

Are you planning to buy a business vehicle, furniture or equipment before year end? The timing of your purchase could affect your 2026 tax bill. Depending on the asset and your circumstances, you may qualify for Section 179 expensing, 100% first-year bonus depreciation or a combination of both. To claim these breaks for 2026, qualifying property must be placed in service by December 31, 2026. Before making a major purchase, consider your projected taxable income, cash flow, financing needs, and any applicable deduction limits and eligibility requirements. Call us at (717) 334-9181 to discuss your options and help determine the right depreciation strategy for your business.

Accurate financial records are essential for your company’s success. However, many small business owners struggle with a...
10/26/2026

Accurate financial records are essential for your company’s success. However, many small business owners struggle with accounting and bookkeeping tasks. We can handle these chores for you, so you can focus on running your business. Call us at (717) 334-9181 to schedule a consultation.

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 (717) 334-9181 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disabi...
10/21/2026

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disability began before age 46. Until this year, the blindness or disability had to have begun before age 26. As a result, many people who weren’t previously eligible can benefit from these accounts beginning in 2026. ABLE accounts offer tax-advantaged savings for qualified disability expenses. The 2026 contribution limit is generally $20,000. In some cases, 529 plan funds can be rolled over tax-free to ABLE accounts, counting toward the annual limit. Call us at (717) 334-9181 to learn more.

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through ...
10/20/2026

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through entity, which includes partnerships, S corporations and most limited liability companies. Changes in your business’s taxable income, deductions or overall tax situation may have altered your expected tax liability. A year-end projection can help you determine whether you’ll need to adjust your fourth-quarter estimated tax payment that’s due by January 15, 2027. Call us at (717) 334-9181 to review your situation.

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your e...
10/19/2026

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your exposure primarily depends on how the deal is structured. In an asset purchase, buyers can generally avoid liabilities associated with the business, but certain state laws may allow creditors or tax authorities to pursue transferred assets. When buying ownership interests, liabilities typically remain with the business entity. Due diligence should include reviewing several years of tax returns for unpaid income, payroll, sales and property taxes, uncertain tax positions, and undisclosed liabilities. Call us at (717) 334-9181 for help identifying potential risks before closing.

Address

251 Baltimore Street
Gettysburg, PA
17325

Opening Hours

Monday 8am - 4:30pm
Tuesday 8am - 4:30pm
Wednesday 8am - 4:30pm
Thursday 8am - 4:30pm
Friday 8am - 12pm

Alerts

Be the first to know and let us send you an email when Musselman & Creager, LLP - Gettysburg Office posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category