Nick Ciocca | Stephano Slack LLC

Stephano Slack Partner Plunges for Charity

Feb 6, 2019 | Blog Posts, Latest News

Stephano Slack’s partner, Ralph Cetrulo, was featured in Town Square Delaware’s article for participating in the annual Polar Bear Plunge, which raised over $900,000 for Special Olympics of Delaware. Click here to view the article.

ASU 2017-12: “Targeted Improvements for Hedging Activities” – Interest Rate Swaps

Feb 5, 2019 | Blog Posts

The Why: Stakeholders indicated that hedge accounting requirements in current GAAP sometimes do not permit an entity to properly recognize the economic results in its financial statements. Entities wanted something that would better facilitate financial reporting that...

Forming an LLC

Feb 5, 2019 | Blog Posts

Let’s discuss LLCs! This is a very common business type but so many people (even those who OWN an LLC) do not actually realize what an LLC is… or what it could be. This is a great place to start if you are considering starting a business or getting your already...

IRS Issues New Guidance for 20% Qualified Business Income Deduction Including Addressing Rental Real Estate

Jan 22, 2019 | Blog Posts

On January 18, the Internal Revenue Service issued final regulations and three related pieces of guidance regarding the new 20 percent Qualified Business Income (QBI) deduction for pass-through businesses under Code section 199A. The new QBI deduction, created by the...

Sales and Use Tax: Pennsylvania Adopts Economic Nexus

Jan 17, 2019 | Blog Posts

In response to the U.S. Supreme Court’s Wayfair decision, effective July 1, 2019, taxpayers that exceed the PA sales threshold of $100,000 must: – Register for a license – Collect, report, and remit sales tax Marketplace Facilitator: A...

Stephano Slack Announces Two Promotions

Jan 14, 2019 | Latest News

WAYNE, PA- JANUARY 15, 2019 – Stephano Slack, LLC, a leading regional accounting and consulting firm, recently announced the promotions of Ryan May and Matthew Kardish to senior accountant. “Both Ryan and Matthew have been with the firm for three years and quickly...

Preparing for the Year End

Jan 8, 2019 | Blog Posts

As 2019 is beginning, there are several things clients can do to begin to prepare for the upcoming audit and/ or tax return request lists sent by their accountants. Sometimes these lists can feel overwhelming and daunting but here are a few things clients can do...

“I am not an Accountant” but you are Responsible for the Accounting

Jan 8, 2019 | Blog Posts

Often times at year end, CPA stress levels begin to escalate because of tax planning, preparation for busy season, as well as what’s to come from analyzing a client’s set of books for the entire year. Our firm has seen specific accounting errors countless times, which...

Stephano Slack’s Operation Santa Service Team Highlighted in Accounting Today

Jan 4, 2019 | Latest News

Danielle Lee, Managing Editor of Accounting Today, highlighted Stephano Slack’s Operation Santa initiative in her recent Practice Management column. Click on the following link to view the column, Firms on the move: Stephano Slack deploys Operation Santa. The...

IRS Remains Closed As Shutdown Continues

Jan 2, 2019 | Latest News

With no federal budget in place, the government shutdown continues, and the Internal Revenue Service (IRS) is one of the agencies most affected. In December, the IRS released a contingency plan for operations through the end of the year. Here’s a partial list of...