Businesses across Pennsylvania are facing a growing concern as the Pennsylvania Department of Revenue raises awareness about unreported use tax liabilities. According to Department records, numerous companies, and possibly yours, have not reported or remitted use tax within the past three years. The gap in use tax reporting has resulted in the Pennsylvania Department of Revenue issuing written communication to businesses alerting them to their responsibility. This communication should prompt a call to action for businesses to review their purchase invoices and assess their use tax obligations. Understanding Use Tax Pennsylvania residents or businesses that purchase taxable tangible personal property or services for use in the state owe a si...

Best wishes to you for a joyful holiday season. May your home be filled with happiness throughout the coming New Year. We appreciate your partnership and wish you continued success in 2024. May the season bring your family & friends together and create warm memories.From all of us here at BCEDC.

Profits and external partnerships are not the only factors determining a business's strength. If a company is internally fractured, the organization will crumble apart. You can fortify your enterprise by considering ways to enhance collaboration and draw your team together. Review the following recommendations to turn your business into an impenetrable fortress. Promote Better Communication Trust is the cornerstone of a strong organization, and solid communication creates the building blocks of that trust. As the company's leader, you set the tone for communication. To develop a culture of openness, start by modeling the behavior you want to see. Encourage employees to share ideas and concerns freely, without fear of retribution. Make it cl...

Are you looking for ways to fund training to upskill your new hires and current workforce?Is your workforce retiring, and you can't find candidates who already have the skills you need?Does your business require new technical skills that your current workforce doesn't have? If you answered "yes" to any of those questions, then Train to Retain is for you. Meet the experts who are helping area businesses every day to utilize federal funding and no-cost resources—collectively known as work-based learning—to upskill your employees and train your new hires, hire young adults for short-term projects, and develop Registered Apprenticeship programs for your most in-demand, hard-to-fill occupations. RSVP today! Train to Retain Thursday, November 16,...

October 25, 2023 | 9-10 AM Featured Expert: Erin StaffordTopic: Employee Burnout Erin will discuss ways businesses and organizations can revitalize their workforce by providing tools and tactics to sustain peak performance without burning out. Attendees will experience renewed excitement and engagement in their work and personal lives. WEDTalk Objectives: Keep teams happy and productive while working remotely and on-site Recruit, engage, and retain employees while maintaining a thriving company culture Maximize retention and breathe life into a tired and overwhelmed group WEDTalks are one-hour virtual masterclasses in trending workforce topics. This webinar series is a collaboration of workforce development boards in Bucks, Berks, Chester, ...

Beginning on January 1, 2024, many existing companies will have until January 1, 2025 to file reports with information about their “beneficial owners” with the federal Financial Crimes Enforcement Network (“FinCEN”); companies formed on or after January 1, 2024 must comply within 30 days of formation. The new law is an effort to combat money laundering and other crimes, and access to the database is generally limited to law enforcement agencies.

Who is required to report?

With some exceptions, corporations, limited liability companies, and any other entities that are formed by filing a document with the secretary of state or similar office of any state must file an initial report and update as information changes (or if incorrect information was filed).

Who are “beneficial owners”?

With some exceptions, “beneficial owners” are individuals owning 25% or more of the equity of a company and persons who substantially control the business (generally, individuals holding significant decision-making authority).

Business, Resilience, Innovation, Growth, Hustle, Transformation The BRIGHT business planning course is a 6-week program designed to provide you with the skills needed to run a successful business. You'll finish the program ready to take your business to the next level and feel comfortable composing a business plan. Topics Covered: Business Planning Targeting Customers Market Research Talent AcquisitionLegal Concerns Financial Planning Loan Preparation Marketing & Branding  Participants will receive a Certificate of Completion from the Temple University Fox School of Business and the Small Business Development Center. Make Your Business Shine BRIGHT. SIGN UP TODAY! 6-week virtual program Wednesday...

Attract Your Talent of the Future Today! Host an Open House During October to Celebrate Manufacturing Day 2023 Join thousands of manufacturers across the U.S. as they showcase the realities of modern manufacturing and inspire the next generation of creators. MFG Day, celebrated on the first Friday of October, inspires the next generation, reshapes perceptions about manufacturing, and fosters a robust future workforce. It's an initiative of the Manufacturing Institute, dedicated to diversifying, strengthening, and advancing the manufacturing workforce, promoting opportunities, and driving industry growth in the United States. New to MFG Day or Need Assistance? Let us help you! DVIRC will support you with planning and will share your event wi...

Want to learn more about transportation projects happening across the region? Want to share your thoughts on the region's transportation needs? Come take part in the Public Participation Task Force's (PPTF) Transportation Improvement Program (TIP) online public meeting on June 15th! The meeting will be hosted via Zoom from 6:00 - 7:30 with presentations and discussions led by DVRPC staff. Register here: https://dvrpc.zoom.us/meeting/register/tZMocOitrjssEtA6ynD6sqNsWqoLgx_poiNg. DVRPC's Transportation Improvement Program (TIP) is the agreed-upon list of specific priority projects and is required for the region to receive and spend federal transportation funds. The TIP lists federally funded transportation projects and non-federally fund...

PECO understands the importance of small businesses in the Greater Philadelphia region and this support becomes even more important as energy bills rise nationally through this winter season. Small businesses located within PECO's natural gas service territory can now apply for a one-time $500 grant to help pay their PECO natural gas bill. This new grant program is part of PECO's commitment to small businesses and the communities we serve. The $500 grant will be applied directly to the customer's bill and will lower current outstanding balances. Eligible applicants for the Small Business Gas Grant Program can apply now at www.peco.com/gasgrant. Businesses must be a existing PECO natural gas customers with an account in the name of the ...