Stephano Slack Featured in Accounting Today’s Firms Giving Back Column
Stephano Slack’s corporate philanthropy was featured in Accounting Today’s Firms Giving Back Column. Sean McCabe, Senior Editor, highlighted the firm’s Service Team and the recent initiatives benefiting Devereux Advanced Behavioral Health and...
Get tax benefits of Appreciated Stock Donations!
Donating appreciated stock from your investment portfolio instead of cash has two benefits. First, you can claim charitable deductions equal to the stock’s fair market value if you itemize deductions. Second, you can avoid the tax on the unrealized capital gains of...
One Bourbon, One Scotch, One U.S. Craft Beverage Modernization and Tax Reform Subpart
Small breweries, distilleries, and wineries are set to see a round of tax benefits in the 2018 and 2019 tax years from reforms passed in Part IX, Subpart A of the Tax Cuts and Jobs Act of 2017. Interest Capitalization Exemption Section 13801 of the act introduces a...
New ASU Simplifies VIE Disclosure
On October 31, 2018, the Financial Accounting Standards Board (FASB) released an Accounting Standards Update (ASU) which simplified variable interest entity disclosure requirements for private companies. All private companies with VIE consideration should be aware of...
Revenue Recognition
On May 28, 2014 The Financial Accounting Standards Board (FASB) and The International Accounting Standards Board (IASB) jointly issued ASC 606 – Revenue From Contracts with Customers. This change in recognizing revenue from contracts with customers could have a...
Keystone Innovation Zone (KIZ) Tax Credit Program for “Young” Businesses in Pennsylvania
Keystone Innovation Zone (KIZ) Tax Credit is a component of Keystone Innovation Zone (KIZ) Program. Established in 2003, it creates designated geographic zones to foster innovation and create entrepreneurial opportunities by aligning the combined resources of...
Stephano Slack’s Bowling Bonanza for Bringing Hope Home
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Opportunity Lies within Opportunity Zones
An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. They are an economic development tool designed to spur economic development and job creation. Opportunity Zones...
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