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...
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 marketplace...
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...
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...
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...
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 firm's...
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...
WAYNE, PA - DECEMBER 20, 2018 – Stephano Slack LLC, a leading regional accounting and consulting firm, teamed up with Devereux Behavioral Health for this year’s “Operation Santa.” The firm’s Service Team and other employees purchased and wrapped gifts, then delivered...
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 Bringing Hope Home. ...