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.

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.

Accurate financial records are essential for your company’s success. However, many small business owners struggle with a...
10/07/2026

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 (570) 613-1000 to schedule a consultation.

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax...
10/06/2026

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax returns and keeping your books in order, we can help you improve cash flow, safely plan for expansion and make smarter financial decisions. Let’s talk about how our advisory services can strengthen your strategic planning, streamline operations, and uncover new opportunities for long-term growth and success. Call us today at (570) 613-1000 to schedule a consultation.

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. ...
10/05/2026

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. So before you switch jobs, make sure you know what percentage of your retirement savings is vested. Some plans vest immediately, but others take several years to fully vest. If you leave before matching funds have vested, you may forfeit some or all of your current employer’s matches. Contact us at (570) 613-1000 for help with retirement planning as your career progresses.

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash,...
10/02/2026

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash, money orders or cashier’s checks from U.S. senders to foreign recipients via certain remittance transfer providers such as Western Union and MoneyGram. But transfers made via credit or debit card, bank account transfer, or digital wallet aren’t subject to the excise tax. Essentially, the tax doesn’t apply to transfers from accounts in financial institutions subject to Bank Secrecy Act requirements or to credit or debit cards issued in the U.S. So to avoid the extra expense, consider using a card or ACH transfer from your own bank account. Contact us at (570) 613-1000 to learn more.

Donating artwork, antiques, collectibles or other tangible personal property that has appreciated in value can produce v...
09/30/2026

Donating artwork, antiques, collectibles or other tangible personal property that has appreciated in value can produce very different tax results depending on the charity’s use of the item. If the use directly supports the organization’s mission — such as an antique donated to a museum for its collection — you may be able to deduct fair market value. But if the item will be used for another purpose, such as being sold at a fundraising auction, your deduction may be limited to what you originally paid for it. Contact us at (570) 613-1000 before making a donation to discuss your potential deduction and the applicable substantiation requirements.

You probably have retirement questions: How much should I save before I quit working? When should I start taking Social ...
09/29/2026

You probably have retirement questions: How much should I save before I quit working? When should I start taking Social Security benefits? Can I retire before Medicare coverage kicks in? What about taxes in retirement? We can provide you with answers based on your individual financial circumstances and retirement goals. Contact us at (570) 613-1000.

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may...
09/28/2026

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may ease stress and reduce penalties, but draining cash can disrupt operations, payroll and growth. There’s no one-size-fits-all answer. In many cases, the IRS offers options — such as installment agreements, temporary collection holds or penalty relief — that may help you stay compliant while preserving cash flow. The biggest risk is choosing extremes, either depleting cash reserves or ignoring the issue. A balanced strategy often works best. Call us at (570) 613-1000. We can review your options and help you create a plan.

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations...
09/25/2026

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations clarifying the investment options allowed during the “growth period.” This period begins when the beneficiary’s initial account is established and ends on Dec. 31 of the year the child turns 17. During this time, eligible investments generally include mutual funds or exchange-traded funds that track an equity index of mainly U.S. companies, don’t use leverage, and have annual fees and expenses of no more than 0.1% of the fund’s balance. The proposed regulations would apply to tax years starting on or after Jan. 1, 2026. Call us at (570) 613-1000 with questions.

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying pot...
09/23/2026

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying potential disruptions and making practical plans to guard against them. From cash flow slowdowns to staffing shortages, every business faces uncertainty. The key is being prepared, not overwhelmed. Call us at (570) 613-1000 for help reviewing your current risks, spotting emerging challenges, and making informed decisions that support long-term stability and growth.

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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