Keystone Innovation Zone (KIZ) Tax Credit Program
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...
Steps to Selling Your Business for the Best Price
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...
Tips for Strong, Secure Passwords
If you own or work for a business, it often involves safeguarding data in one aspect or another. You probably have information related to your clients, customers, patients, vendors, contractors that needs to be securely protected. This also applies to your own...
ASC 606 Changes are Here!
On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) 606. This new standard modifies the way companies recognize revenues from contracts with customers and aims to unify revenue reporting across industries...
The Medical IRA – Huh?
Since 2003, Health Savings Accounts (HSAs) have been available for those individuals covered by high deductible health plans; the primary benefit to participating in such a plan is to receive tax-preferred treatment for funds saved for medical expenses. Similar to...
It Is Never Too Early to Start Planning
Here we are entering the final days of 2019, and while there is so much to keep up with, it is easy to forget that you need to work on your business as well as in your business. Now is a great time to step back and review where your business stands for the year and...
ASU Update 2019 – 06 Intangibles – Goodwill
ASU Update 2019-06 relates to goodwill impairment for a not-for-profit entity. The two standards that are being updated are Topic 805, which relates to business combinations and Topic 350, which relates to goodwill impairment. Both of these Topics go hand in hand with...
Qualified Business Income Deduction Allowed for Rental Real Estate Businesses
If you are a business owner, the buzz around the Qualified Business Income Deduction has been apparent since the beginning of the tax law changes. If you have any interest in rental real estate, the buzz around the QBI deduction has lingered quite some time as the...
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