There is nothing wrong with change, if it is in the right direction. -Winston Churchill 2018 was definitely a unique tax year given the numerous tax law changes brought about by the 2017 Tax Cuts and Jobs Act. Although not nearly the amount of changes we...
Throughout the audit process, auditors see consistency in deficiencies from job to job. Below, we identify common areas where errors arise and how to minimize the effect on having them occur year after year. Lack of Support Evidence Organization and proper filing of...
Fret not - for many business processes, you can find an app to track it. We get it, running a business can oftentimes be overwhelming. For business owners who are trying to maximize efforts in growing their business, processes such as invoicing, bill and expense...
The changes to sales tax economic nexus for Pennsylvania are effective July 1, 2019. Remote sellers and marketplace facilitators that do not have a physical presence in PA must collect PA sales tax if they made over $100,000 in gross PA sales across all platforms in...
In 2016, The Financial Accounting Standards Board (FASB) issued a major change to the accounting rules for leases. The new rules and regulations for leases will go into effect for nonpublic companies starting after December 31, 2019. Before the new standards go into...
Status Bar – Whenever you highlight a range of numbers, the status bar at the bottom of the Excel spreadsheet will provide you some useful information such as the sum, the average, and the total count of numbers. Many people know about the status bar, but did you know...
New Valuation Service Area Meets Growing Business Needs WAYNE, PA - MAY 22, 2019 – Stephano Slack, LLC, a leading regional accounting and consulting firm, recently announced that David J. Kubovsak, CPA, has earned the Certified Valuation Analyst (CVA)...
London Interbank Offered Rate (LIBOR), the number that currently has over $350 trillion in debt tied to it, is currently set to be phased out and replaced by the end of 2021. The projected alternative is Secured Overnight Financing Rate (SOFR), which went live in...
One of the biggest questions that arises when starting a business is: what accounting software is the best option for me? With the ever changing technology in today’s world, it is important to keep up with the latest technology to ensure you are utilizing available...