The “Setting Every Community Up for Retirement Enhancement Act”, or the SECURE Act, began impacting individuals on January 1, 2020. One of the major changes brought on by this Act is to eliminate, for most individuals, the ability to take required minimum...
Hello Again! It is about one month into the New Year. I am no longer the newest intern in the office, and Tax Season has officially begun! I started off working on updating all the new clients’ information because we recently acquired a firm and as a result inherited...
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. SECURE will change how you think about saving for retirement. The Act is comprised of 29 provisions, and here are some of the highlights: Starting in...
With the uncertainty brought by an election year, many businesses are expected to approach 2020 with caution concerning investment and expansion. While many CPAs may be cautiously budgeting and forecasting the year ahead, major technological advances are anticipated....
Effective for fiscal years beginning after 12/15/18, FASB ASU 2016-01 will apply for equity investments, except investments in equities accounted under the Equity Method. This ASU effectively eliminates the previous categories of trading, available-for-sale, and cost...
Today, looking back at my invaluable fall internship at Stephano Slack, I am reminded of my grandmother’s words, words of comfort, power, and purpose, “Never put off till tomorrow what you can do today.” These are words that speak to my time at a firm that welcomed me...
Three and a half months later and I can say that this internship has helped me grow as a professional and as an individual. There is not a day that goes by that I am not learning something new, and being challenged to grow. Through working on various things like...
When working with Pennsylvania companies, it may be worthwhile to determine if they’re eligible for the KIZ credit. After all, who doesn’t love tax credits? While the eligibility requirements for the KIZ credit are very specific, the benefits of the potential credit...
You have been growing your company for a long time and have decided to prepare for the sale of your business for top dollar. The following are the basic steps for selling your business. Determine how much your business is worth. You can sell your business for...