Ray Knaub & Company, P.C.

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 earne

d 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.

If your C corporation traditionally makes deductible charitable gifts, make sure you know the rules for 2026 donations. ...
07/24/2026

If your C corporation traditionally makes deductible charitable gifts, make sure you know the rules for 2026 donations. Starting Jan. 1, 2026, corporations can only deduct charitable gifts in excess of 1% of the company’s taxable income, with a 10% of income cap. Amounts exceeding the 10% cap can be carried forward — as can amounts that aren’t currently deductible due to the 1% floor — for up to five years. You may want to execute a multiyear charitable deduction strategy if your company’s income varies from year to year. Contact us at (570) 613-1000. We can help by projecting income and other deductions so you can support your community while maximizing long-term tax benefits.

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts...
07/22/2026

You’ll probably owe tax on your retirement income — how much depends on factors such as the types of retirement accounts you own and your other income sources. In general, retirees should withdraw funds from any taxable accounts first, tax-deferred accounts second and tax-free accounts last. But different withdrawal strategies may benefit you. The important thing is to start planning before you retire. Call us at (570) 613-1000 for help.

Did you know that if you have seriously delinquent tax debt, you could lose your passport? The IRS can “certify” unpaid ...
07/21/2026

Did you know that if you have seriously delinquent tax debt, you could lose your passport? The IRS can “certify” unpaid federal tax debts over $66,000 (adjusted annually for inflation) to the U.S. State Department, which may deny a passport application or renewal — or even revoke your current passport — until your tax issues are resolved. If you’re overseas, you might receive only a limited-validity passport to return to the United States. Unpaid federal tax debt includes individual income taxes, trust fund recovery penalties, business taxes for which taxpayers are personally liable and other civil penalties. Contact us at (570) 613-1000 for details.

Business owners: Are you or your employees planning to go “back to school” soon? Two types of work-related education cos...
07/20/2026

Business owners: Are you or your employees planning to go “back to school” soon? Two types of work-related education costs may qualify for business tax breaks: 1) those required to retain an existing job, license or professional status, and 2) those directly tied to maintaining or improving skills for a current trade or business. Deductible expenses can include tuition, books, supplies and possibly travel if the primary purpose of the trip is business-related education. However, you can’t deduct costs for education that help meet the minimum qualifications for a position or to qualify for a new trade or business. Contact us at (570) 613-1000 to learn the ABCs of work-related education expense deductions.

Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide ...
07/17/2026

Home renovations can improve a residence’s comfort, functionality, aesthetics and resale value. They might also provide tax benefits. You may be able to deduct mortgage interest on debt used to substantially improve your home. Certain improvements can also increase your tax basis, potentially reducing taxable gain when you sell. Medically necessary modifications may qualify as deductible medical expenses, subject to limits. And if you overlooked claiming now-expired credits for qualifying energy-efficient home improvements you made in 2025, an amended return may be worth considering. Call us at (570) 613-1000 to talk taxes before or after a home renovation.

If you have a traditional pension and are approaching retirement, get ready to make some decisions! Pension plans usuall...
07/15/2026

If you have a traditional pension and are approaching retirement, get ready to make some decisions! Pension plans usually give retirees a choice between receiving payouts as a lump sum or an annuity. A lump-sum distribution allows you to invest the money as you see fit. Annuity payments can provide guaranteed income for life. Call us at (570) 613-1000 to discuss the costs, risks and advantages of each option.

Do you know the difference between IRS liens and levies? A federal tax lien arises when you fail to pay taxes after rece...
07/14/2026

Do you know the difference between IRS liens and levies? A federal tax lien arises when you fail to pay taxes after receiving an IRS bill or notice. It’s a legal claim against your property, including real estate and other assets, which can affect your ability to secure credit or complete financial transactions. A levy may be the next step if your debt remains unresolved. The IRS can seize assets — such as wages or bank funds — to satisfy the debt. In short, a lien protects the IRS’s interest, while a levy enforces collection. If you receive collection notices, don’t ignore them! Acting quickly can help open the door to resolution options. Call us at (570) 613-1000.

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensat...
07/13/2026

Are you paying yourself and family members who work in your business reasonable compensation? The IRS requires compensation (including salaries, bonuses and perks) to reflect services performed and be comparable to compensation for similar roles in similar organizations. This is especially important for owner-employees and related parties. Payments to relatives may be deductible, but only if they represent reasonable wages for bona fide services and are well documented. Excess compensation may be reclassified as nondeductible distributions of income, while underpaying may raise payroll tax issues. Regularly reviewing compensation practices can help reduce audit risk. Call us at (570) 613-1000 for guidance.

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but ...
07/10/2026

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but there are a few tax-related chores you need to consider. For example, next year, for 2026, you’ll be filing your first tax return as a married person. That could affect the amount of tax you should have withheld from your paycheck. Use the IRS Withholding Estimator to check. Then provide your employer with a new Form W-4. If your last name has changed, notify the Social Security Administration, which will inform the IRS. You and your new spouse should also review financial accounts, insurance coverage, estate plans and tax strategies. We can help. Contact us at (570) 613-1000.

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, espe...
07/08/2026

Your tax, retirement and estate planning shouldn’t be done separately. Decisions in one area can affect the others, especially as tax laws, financial circumstances and long-term goals evolve. We can help keep these important drivers of financial security in sync by providing coordinated strategies for managing taxes, supporting retirement objectives and preserving wealth for future generations. Contact us at (570) 613-1000 to get started.

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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