Stephano Slack, one of the region’s premier accounting firms, is proud to announce the promotion of Kristen Matkowsky, CPA, to Partner.
Stephano Slack Promotes Kristen Matkowsky, CPA to Partner
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Scam Alert: Beware of Fake Tax Refund Texts
The Philadelphia Department of Revenue is warning residents about scam texts that claim a tax refund has been “approved” and ask for bank account details. These messages are fraudulent—the city will never request payment information by text. Officials urge residents not to click on links or reply to the messages and to report suspicious texts by forwarding them to 7726 (SPAM). Read my blog for more information at StephanoSlack.com.
Are You Missing Out on the Fuel Tax Credit?
Many businesses overlook the refundable Fuel Tax Credit, which applies only to specific nontaxable uses of gasoline, diesel, and other fuels. Knowing who qualifies—and who doesn’t—can mean the difference between a valid claim and costly mistakes. Read my blog to see if your business is eligible at StephanoSlack.com.
IRS to Eliminate Paper Checks by September 30, 2025 — Here’s What It Means for You
The IRS is eliminating paper checks starting September 30, 2025. That means no more mailing your tax payments and no more paper refunds. Waiting to act could result in penalties or delayed refunds. Learn the steps to enroll in electronic payment systems now so you’re ready before the deadline.
Clean Energy Credits Under OBBBA
The One Big Beautiful Bill Act (OBBBA) eliminated most individual credits for clean energy, including the clean vehicle credits for cars and the energy-efficient home improvement credit. The following is a summary of the credits that will expire soon.
Inventory Methods for Tax Reporting
Accurate inventory reporting can make a significant difference in your business’s tax liability and financial statements. Discover the rules, methods, and reporting requirements that ensure compliance and help you manage costs effectively.
Expanded Adoption Tax Credit Under OBBA Brings Relief to Families in 2025
Adopting a child in 2025? Thanks to the One Big Beautiful Bill Act, the enhanced Adoption Tax Credit—now worth up to $17,280 and partially refundable—offers real financial relief for families, including up to $5,000 back even if you owe no federal income tax. These changes especially benefit lower- and middle-income households and families adopting children with special needs.
Section 48C Advanced Energy Project Credit Sees Shifts Under OBBBA
Big changes are here for the Section 48C Advanced Energy Project Credit under the One Big Beautiful Bill Act (OBBBA). If you’re involved in clean energy manufacturing, critical materials, or industrial decarbonization, these updates could impact your credit eligibility, funding opportunities, and timelines.
A Big Win for Contractors: How the OBBBA Expands the Completed Contract Method for Residential Construction
The One Big Beautiful Bill Act expands the completed contract method, giving more residential contractors the ability to defer income and improve cash flow. This change is particularly impactful for firms managing long-term projects and operating on tight margins.