Ray Knaub & Company, P.C.

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Ray Knaub & Company, P.C. Ray Knaub & Company, P.C. is licensed in PA and specializes in tax and accounting needs. We are professional, experienced, and affordable. Ray L. P.C.

is a full-service Certified Public Accounting firm licensed in PA. All our CPA's hold valid PA State CPA Certificates. We offer a broad range of services for business owners, executives, and independent professionals. We can, and do, represent clients all over the United States. Knaub, Jr., CPA
Ray grew up in Windsor, York County, Pennsylvania. He graduated from Red Lion High School where he earned varsity letters in football and baseball. Upon graduation he enlisted in the United States Marine Corps. After three years of honorable service to his country, he attended Pennsylvania State University, earning a degree in accounting. After one year with a large international company as a financial and cost accountant, he joined a small public accounting firm in Baltimore Maryland. Soon after joining the firm in 1984, he earned his certification as a Certified Public Accountant. He was promoted to partner after five years and spent twelve years there. Family drew him to the Wyoming Valley in Northeastern Pennsylvania in 1996 and after two years he started his own CPA firm, which is now operating as Ray Knaub & Company PC. The services he provides include tax services for individuals, businesses, estates and trusts, and non-profits. He also provides consulting, accounting, and auditing services for a wide base of clients that also includes small governmental units. He enjoys life with his wife Marlene since 1988 and his three children. He enjoys golf, spectator sports, hunting and relaxing with family and friends. He is a member of Saint Elizabeth Ann Seton Parrish in Swoyersville, member of the Wyoming Business Club and a prior member of the Wyoming Rotary. He also coached youth baseball and football for more than 20 years. Knaub III
Ray grew up in West Wyoming, Pennsylvania. He graduated From Wyoming Seminary College Preparatory School in 2018, and subsequently enrolled at King's College majoring in Accounting with minors in Finance and Forensic Accounting, and will graduate in May of 2022. Upon graduation he will prepare for and sit for the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) certifications. Ray did an internship with a local contractor assisting in various internal accounting roles and project management, and with a larger Federal Government Focused Accounting Firm. Ray ultimately ended up right where he began his first internship at Ray Knaub & Co. Ray sits on the Board of Directors for the Greater Pittston Santa Squad, a local nonprofit, and is a member of Saint Elizabeth Ann Seaton Parish in Swoyersville, PA. In his free time, Ray enjoys hunting, golfing, homebrewing beer, and Sports. Playing from 1st grade throughout high school, Ray has always been a football fan, cheering on Penn State and The Philadelphia Eagles. He also enjoys spending time with family, friends, and his girlfriend Nicole.

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make ...
10/26/2026

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make winning moves — in this case, to lower your taxes for 2026. Many year-end strategies require time to evaluate, implement and document properly. Waiting until the last minute may leave you with little choice but to punt and hope for the best. The sooner you begin planning, the more options you may have in your tax-saving playbook. Call us at (570) 613-1000 to huddle up and discuss a game plan tailored to your business.

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing rec...
10/23/2026

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital Asset Compliance Portal.” The letters instruct recipients to scan a QR code that leads to a fraudulent website designed to look like IRS.gov. The site may ask for personal information, cryptocurrency wallet details, or exchange account credentials that criminals can use to steal identities or digital assets. If you receive one of these letters, don’t respond. Report any suspicious communication to the IRS immediately. If you have questions about an IRS notice or digital asset reporting, we’re here to help. Contact us at (570) 613-1000.

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to...
10/21/2026

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to maintain your current lifestyle in retirement — which could last three decades or more — you’ll need to accumulate a surprisingly large sum. We can help set up a savings plan you’ll stick to. Call us at (570) 613-1000.

A well-defined compensation philosophy can do a lot for your business. It may help attract job candidates, retain employ...
10/20/2026

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 (570) 613-1000 for guidance on developing a well-rounded strategy that’s aligned with your business goals, workforce needs and budget.

Do you donate thousands of dollars to charity each year? Do you miss out on the itemized charitable deduction because yo...
10/19/2026

Do you donate thousands of dollars to charity each year? Do you miss out on the itemized charitable deduction because you don’t have enough total itemized deductions to exceed your standard deduction? Consider “bunching” most of your donations into alternating years. By combining two years of gifts into one year, you may push your itemized deductions above your standard deduction and get a greater tax benefit from your charitable giving — even with the new deduction for nonitemizers starting in 2026. Contact us at (570) 613-1000 for help determining if you can benefit from this strategy.

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. ...
10/16/2026

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. The guidance provides new details on how you must identify, calculate and report qualified overtime income. For example, it clarifies that only FLSA-mandated overtime premiums qualify, notifies employers that separate reporting on Forms W-2 is required beginning in 2026, and confirms that overtime pay remains subject to federal income tax withholding. These changes may call for payroll system updates and a closer review of employee classifications and overtime practices. Call us for help preparing for the new requirements.

Many businesses allow customers to pay with credit and debit cards, payment apps, and other electronic payment methods. ...
10/14/2026

Many businesses allow customers to pay with credit and debit cards, payment apps, and other electronic payment methods. Payment processors and platforms often deduct their fees before transferring funds, but you generally shouldn’t report the net amount as revenue. Instead, record the full amount of each sale as revenue and post the processing fee as an operating expense. Keeping these amounts separate shows how much you’re spending to accept electronic payments and whether rising processing costs are eating into your profits. Contact us at (570) 613-1000 for help reconciling processor statements with your accounting records and evaluating your payment mix.

Small business owners: As the year wraps up, review your receivables for credit sales that have become wholly or partial...
10/13/2026

Small business owners: As the year wraps up, review your receivables for credit sales that have become wholly or partially worthless. If you use the accrual method of accounting, you may be eligible to deduct amounts that were included in income but later became uncollectible. You may also claim deductions for uncollectible business loans and certain guarantees, as well as for debts attributable to an insolvent partner. To qualify, you must take reasonable steps to collect the debt and show it’s unlikely to be paid. Contact us at (570) 613-1000 to review your potential bad debts for 2026.

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disabi...
10/12/2026

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 (570) 613-1000 to learn more.

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware...
10/09/2026

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 (570) 613-1000 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

Address

389 Wyoming Avenue, Suite 101
Wyoming, PA
18644

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+15706131000

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