Tax Cuts and Jobs Act – 2019 Changes
There is nothing wrong with change, if it is in the right direction. -Winston Churchill 2018 was definitely a unique tax year given the numerous tax law changes brought about by the 2017 Tax Cuts and Jobs Act. Although not nearly the amount of changes we...
Stephano Slack Sponsors Special Olympics of Delaware
On June 14th, Stephano Slack once again volunteered at the Special Olympics of Delaware. Participating in this event has become a tradition for our firm, so much so that this year we are proud to announce that we were sponsors! Our employees volunteered to...
Common Audit Deficiencies and How to Combat Them
Throughout the audit process, auditors see consistency in deficiencies from job to job. Below, we identify common areas where errors arise and how to minimize the effect on having them occur year after year. Lack of Support Evidence Organization and proper filing of...
Customers, Expenses, and Employees, Oh My!
Fret not – for many business processes, you can find an app to track it. We get it, running a business can oftentimes be overwhelming. For business owners who are trying to maximize efforts in growing their business, processes such as invoicing, bill and...
Reminder: Sales and Use Tax – Pennsylvania Adopts Economic Nexus 7/1/19
The changes to sales tax economic nexus for Pennsylvania are effective July 1, 2019. Remote sellers and marketplace facilitators that do not have a physical presence in PA must collect PA sales tax if they made over $100,000 in gross PA sales across all platforms in...
Preparing for New Lease Accounting
In 2016, The Financial Accounting Standards Board (FASB) issued a major change to the accounting rules for leases. The new rules and regulations for leases will go into effect for nonpublic companies starting after December 31, 2019. Before the new standards go into...
Easy Excel Tips to Boost Your Productivity
Status Bar – Whenever you highlight a range of numbers, the status bar at the bottom of the Excel spreadsheet will provide you some useful information such as the sum, the average, and the total count of numbers. Many people know about the status bar, but did you know...
The End of LIBOR?!
London Interbank Offered Rate (LIBOR), the number that currently has over $350 trillion in debt tied to it, is currently set to be phased out and replaced by the end of 2021. The projected alternative is Secured Overnight Financing Rate (SOFR), which went live in...
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