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Industries We Work With
CONSTRUCTION
REAL ESTATE
Professional Services
MANUFACTURING AND DISTRIBUTION
Life Sciences / Biotechnology
WITH YOU FROM THE GROUND UP
Several members of the Stephano Slack team worked for construction companies before entering the field of public accounting, building a body of experience in accounting practices and key rules and procedures unique to the industry. We’re well prepared to assist your company in project planning, cash flow management, market growth projections, and risk assessment. Construction industry tax and financial regulations are constantly changing. We take pride in our ability to keep clients current with compliance issues and ahead of the curve in terms of understanding the business and tax consequences of new and existing projects.
Our client list includes construction managers, general contractors and subcontractors. Whether you need financial statements with guaranteed accuracy, job cost and billing software solutions or help in planning with an eye toward maximizing profits and minimizing your tax burden, our firm is willing to work with you on a one-to-one basis to understand your business goals and ultimately help you achieve success.
SERVICES
- Asset Management
- Bookkeeping and Bill Paying
- Job Cost Management
- Tax Compliance, Planning, and Preparation
- Technology Consulting
- Cash flow Monitoring and Analysis
Tax Articles
QCD With Your RMD
Ok, enough with the barrage of acronyms! If you are single or married and are receiving Required Minimum Distributions (RMDs), you may want to consider the Qualified Charitable Distribution (QCD) strategy to lower your Federal Income Tax liability, and possibly your...
Changes to Non-Profit Audit Landscape in Pennsylvania
Governor Wolf signed Act 71 into law last December and it became effective in early 2018. Act 71 increased the annual contribution levels at which a nonprofit must undergo an audit, review, or compilation engagement. The new contribution thresholds are as below:...
Is Your Worker an Employee or Independent Contractor?
This age old question is one to reevaluate on a regular basis within your company if you are paying workers under a 1099 contract. Why is this so important? If you, the business, are paying a worker as an independent contractor, you are not responsible for any...
Proposed IRS Regulations – Pennsylvania EITC/OSTC Participants Beware
The IRS issued a new regulation that directly impacts donors that participate in Pennsylvania EITC/OSTC programs. For contributions made after 8/27/18: - Donors are required to reduce the amount of their charitable contribution by any state tax credits...
Tax Law Update: Elective Tax-Deferred Treatment of Employee Stock Options and RSUs
Chances are that if you clicked to read this article, you or someone you know owns the rights to some employee stock options. Contrarily, you could be a private business owner and you are considering a creative way of attracting and compensating some top level talent...
401(k) Audit Preparation and Compliance with DOL Guidelines
Who is Required to have a 401(k) Audit and Why is it Important? Any employer who elects the 80/120 rule who has over 120 eligible employees at the beginning of the plan year is required to have an audit for that period. The Plan will then be required to have an audit...
Federal Withholding Checkup
With the summer months coming to an end, it is a good time to review your federal withholding exemptions to determine if adjustments need to be made. Early in 2018 the federal withholding tables were adjusted to reflect changes made with the Tax Cuts and Jobs Act. ...
State Tax Day – Current, S.14, New Jersey – Sales and Use Tax: New Jersey Adopts Economic Nexus for Remote Sellers, (Aug. 15, 2018)
Effective October 1, 2018, certain remote sellers will be required to register, collect and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation announced that sales tax collection will be required in New Jersey if, during the current or...
Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment
The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation. Taxpayers can take a deduction for any...
Small Businesses Get Automatic Consent for Accounting Method Change
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs - this...
BUY, SELL AND INVEST WITH CONFIDENCE
Current economic conditions present significant challenges to those engaged in real estate transactions. That’s why investors, developers, and property owners rely on the team at Stephano Slack for support. Whether you’re preparing for an upcoming purchase or sale, or need help in reducing the risks presented by market fluctuations, interest rates, and tax law changes, we’ll provide the advice and services needed to close your transaction in a timely and profitable manner. We’ll also work seamlessly with other professionals such as attorneys, banks, and investment counselors to produce the desired results.
Over the years, we’ve used our expertise to serve developers, agencies and individuals at transaction time. We are also experienced in providing a complete body of services to property owners, ranging from tax planning and preparation to financial statements, audits and agreed-upon procedures. Contact us to be sure that you’re making the most of each real estate ownership opportunity.
SERVICES
- Financial Statements
- Tax Planning and Preparation
- Acquisition Evaluations
- Tax-Deferred Exchanges
- Income/Loss Allocations
Related Articles
QCD With Your RMD
Ok, enough with the barrage of acronyms! If you are single or married and are receiving Required Minimum Distributions (RMDs), you may want to consider the Qualified Charitable Distribution (QCD) strategy to lower your Federal Income Tax liability, and possibly your...
Changes to Non-Profit Audit Landscape in Pennsylvania
Governor Wolf signed Act 71 into law last December and it became effective in early 2018. Act 71 increased the annual contribution levels at which a nonprofit must undergo an audit, review, or compilation engagement. The new contribution thresholds are as below:...
Is Your Worker an Employee or Independent Contractor?
This age old question is one to reevaluate on a regular basis within your company if you are paying workers under a 1099 contract. Why is this so important? If you, the business, are paying a worker as an independent contractor, you are not responsible for any...
Proposed IRS Regulations – Pennsylvania EITC/OSTC Participants Beware
The IRS issued a new regulation that directly impacts donors that participate in Pennsylvania EITC/OSTC programs. For contributions made after 8/27/18: - Donors are required to reduce the amount of their charitable contribution by any state tax credits...
Tax Law Update: Elective Tax-Deferred Treatment of Employee Stock Options and RSUs
Chances are that if you clicked to read this article, you or someone you know owns the rights to some employee stock options. Contrarily, you could be a private business owner and you are considering a creative way of attracting and compensating some top level talent...
401(k) Audit Preparation and Compliance with DOL Guidelines
Who is Required to have a 401(k) Audit and Why is it Important? Any employer who elects the 80/120 rule who has over 120 eligible employees at the beginning of the plan year is required to have an audit for that period. The Plan will then be required to have an audit...
Federal Withholding Checkup
With the summer months coming to an end, it is a good time to review your federal withholding exemptions to determine if adjustments need to be made. Early in 2018 the federal withholding tables were adjusted to reflect changes made with the Tax Cuts and Jobs Act. ...
State Tax Day – Current, S.14, New Jersey – Sales and Use Tax: New Jersey Adopts Economic Nexus for Remote Sellers, (Aug. 15, 2018)
Effective October 1, 2018, certain remote sellers will be required to register, collect and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation announced that sales tax collection will be required in New Jersey if, during the current or...
Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment
The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation. Taxpayers can take a deduction for any...
Small Businesses Get Automatic Consent for Accounting Method Change
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs - this...
MAXIMIZE YOUR TAX STRATEGY
Our tax planning professionals are active year-round, using the newest electronic resources to monitor changes to IRS, state and local regulations. They work to keep our clients updated on the potential impact of these developments on their personal finances and business earnings. Members of our team have hands-on experience in leading industries such as manufacturing, wholesale distribution, real estate and professional services, in addition to estate planning for high net worth individuals.
Is there a merger, acquisition or reorganization in your business future? Let our tax team handle the preparation. Our professionals offer decades of experience in structuring acquisitions, performing due diligence, and creating comprehensive plans that include state and local income, sales, franchise and other applicable taxes. We’ll develop a plan that minimizes your tax burden and maximizes your earnings, and help to execute that plan using the latest tax information software technologies.
SERVICES
- Customized Tax Plan Development
- Monitoring of Tax Legislation
- Tax Accounting (SFAS109 and FIN 48)
- State and Local Tax Services
- Estate Planning Assistance
Related Articles
QCD With Your RMD
Ok, enough with the barrage of acronyms! If you are single or married and are receiving Required Minimum Distributions (RMDs), you may want to consider the Qualified Charitable Distribution (QCD) strategy to lower your Federal Income Tax liability, and possibly your...
Changes to Non-Profit Audit Landscape in Pennsylvania
Governor Wolf signed Act 71 into law last December and it became effective in early 2018. Act 71 increased the annual contribution levels at which a nonprofit must undergo an audit, review, or compilation engagement. The new contribution thresholds are as below:...
Is Your Worker an Employee or Independent Contractor?
This age old question is one to reevaluate on a regular basis within your company if you are paying workers under a 1099 contract. Why is this so important? If you, the business, are paying a worker as an independent contractor, you are not responsible for any...
Proposed IRS Regulations – Pennsylvania EITC/OSTC Participants Beware
The IRS issued a new regulation that directly impacts donors that participate in Pennsylvania EITC/OSTC programs. For contributions made after 8/27/18: - Donors are required to reduce the amount of their charitable contribution by any state tax credits...
Tax Law Update: Elective Tax-Deferred Treatment of Employee Stock Options and RSUs
Chances are that if you clicked to read this article, you or someone you know owns the rights to some employee stock options. Contrarily, you could be a private business owner and you are considering a creative way of attracting and compensating some top level talent...
401(k) Audit Preparation and Compliance with DOL Guidelines
Who is Required to have a 401(k) Audit and Why is it Important? Any employer who elects the 80/120 rule who has over 120 eligible employees at the beginning of the plan year is required to have an audit for that period. The Plan will then be required to have an audit...
Federal Withholding Checkup
With the summer months coming to an end, it is a good time to review your federal withholding exemptions to determine if adjustments need to be made. Early in 2018 the federal withholding tables were adjusted to reflect changes made with the Tax Cuts and Jobs Act. ...
State Tax Day – Current, S.14, New Jersey – Sales and Use Tax: New Jersey Adopts Economic Nexus for Remote Sellers, (Aug. 15, 2018)
Effective October 1, 2018, certain remote sellers will be required to register, collect and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation announced that sales tax collection will be required in New Jersey if, during the current or...
Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment
The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation. Taxpayers can take a deduction for any...
Small Businesses Get Automatic Consent for Accounting Method Change
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs - this...
EXPERTS IN STRATEGIC GROWTH PLANNING
At Stephano Slack, our team of specialists in the manufacturing and distribution industry will take the time to get acquainted with your business and evaluate its unique features and requirements. We serve enterprises of all sizes, providing advice and services related to tax matters, auditing, and accounting, as well as business valuations and customized advisory services. We also partner with clients to manage everyday industry concerns such as cash flow, inventory control, production, and tax planning and compliance. Our team members have guided businesses through all stages of growth, from start-ups to multi-million dollar success stories. We’ll partner with you to accurately assess the current status of your business, plan for the future, plus set specific goals and meet them, all while providing a level of personalized service that exceeds your highest expectations.
Are you confident in your current tax strategy? Are you ready to take a closer look at the current value or future earnings potential of your business? Contact us today —we’ll find the solutions best suited to your enterprise and implement them to produce optimal results.
SERVICES
- Audit and Accounting Services: audits, reviews, compilations and agreed-upon procedures
- Business Advisory
- Business Valuations
- Inventory Control and Production Strategies
- Tax Strategies and Compliance
Blogs
QCD With Your RMD
Ok, enough with the barrage of acronyms! If you are single or married and are receiving Required Minimum Distributions (RMDs), you may want to consider the Qualified Charitable Distribution (QCD) strategy to lower your Federal Income Tax liability, and possibly your...
Changes to Non-Profit Audit Landscape in Pennsylvania
Governor Wolf signed Act 71 into law last December and it became effective in early 2018. Act 71 increased the annual contribution levels at which a nonprofit must undergo an audit, review, or compilation engagement. The new contribution thresholds are as below:...
Is Your Worker an Employee or Independent Contractor?
This age old question is one to reevaluate on a regular basis within your company if you are paying workers under a 1099 contract. Why is this so important? If you, the business, are paying a worker as an independent contractor, you are not responsible for any...
Proposed IRS Regulations – Pennsylvania EITC/OSTC Participants Beware
The IRS issued a new regulation that directly impacts donors that participate in Pennsylvania EITC/OSTC programs. For contributions made after 8/27/18: - Donors are required to reduce the amount of their charitable contribution by any state tax credits...
Tax Law Update: Elective Tax-Deferred Treatment of Employee Stock Options and RSUs
Chances are that if you clicked to read this article, you or someone you know owns the rights to some employee stock options. Contrarily, you could be a private business owner and you are considering a creative way of attracting and compensating some top level talent...
401(k) Audit Preparation and Compliance with DOL Guidelines
Who is Required to have a 401(k) Audit and Why is it Important? Any employer who elects the 80/120 rule who has over 120 eligible employees at the beginning of the plan year is required to have an audit for that period. The Plan will then be required to have an audit...
Federal Withholding Checkup
With the summer months coming to an end, it is a good time to review your federal withholding exemptions to determine if adjustments need to be made. Early in 2018 the federal withholding tables were adjusted to reflect changes made with the Tax Cuts and Jobs Act. ...
State Tax Day – Current, S.14, New Jersey – Sales and Use Tax: New Jersey Adopts Economic Nexus for Remote Sellers, (Aug. 15, 2018)
Effective October 1, 2018, certain remote sellers will be required to register, collect and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation announced that sales tax collection will be required in New Jersey if, during the current or...
Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment
The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation. Taxpayers can take a deduction for any...
Small Businesses Get Automatic Consent for Accounting Method Change
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs - this...
YOUR PARTNER IN NONPROFIT PLANNING AND GROWTH
At Stephano Slack LLC, we work with nonprofits dedicated to a variety of purposes, including but not limited to charitable, cultural, and religious organizations, foundations, and scientific and research organizations. Our team members offer extensive knowledge of the laws and regulations that define nonprofit operations and monitor changes so that our clients can take action to ensure the best possible financial result. They will get acquainted with your organization and provide personalized assistance in choosing the accounting, tax and consulting services needed to satisfy the unique requirements of your nonprofit.
Our dedicated professionals will assist in organizing your nonprofit operations for maximum efficiency, tax planning and preparation, employee compensation, and benefit plan management. Take advantage of our expertise — we’ll handle the accounting details and you’ll have more time to focus on your mission.
SERVICES
- Tax Compliance and Planning
- Nonprofit Audits
- Tax-Exempt Status Reviews
- Budgeting
- Entity Structuring
- Employee Benefit Plan Audits
Related Articles
QCD With Your RMD
Ok, enough with the barrage of acronyms! If you are single or married and are receiving Required Minimum Distributions (RMDs), you may want to consider the Qualified Charitable Distribution (QCD) strategy to lower your Federal Income Tax liability, and possibly your...
Changes to Non-Profit Audit Landscape in Pennsylvania
Governor Wolf signed Act 71 into law last December and it became effective in early 2018. Act 71 increased the annual contribution levels at which a nonprofit must undergo an audit, review, or compilation engagement. The new contribution thresholds are as below:...
Is Your Worker an Employee or Independent Contractor?
This age old question is one to reevaluate on a regular basis within your company if you are paying workers under a 1099 contract. Why is this so important? If you, the business, are paying a worker as an independent contractor, you are not responsible for any...
Proposed IRS Regulations – Pennsylvania EITC/OSTC Participants Beware
The IRS issued a new regulation that directly impacts donors that participate in Pennsylvania EITC/OSTC programs. For contributions made after 8/27/18: - Donors are required to reduce the amount of their charitable contribution by any state tax credits...
Tax Law Update: Elective Tax-Deferred Treatment of Employee Stock Options and RSUs
Chances are that if you clicked to read this article, you or someone you know owns the rights to some employee stock options. Contrarily, you could be a private business owner and you are considering a creative way of attracting and compensating some top level talent...
401(k) Audit Preparation and Compliance with DOL Guidelines
Who is Required to have a 401(k) Audit and Why is it Important? Any employer who elects the 80/120 rule who has over 120 eligible employees at the beginning of the plan year is required to have an audit for that period. The Plan will then be required to have an audit...
Federal Withholding Checkup
With the summer months coming to an end, it is a good time to review your federal withholding exemptions to determine if adjustments need to be made. Early in 2018 the federal withholding tables were adjusted to reflect changes made with the Tax Cuts and Jobs Act. ...
State Tax Day – Current, S.14, New Jersey – Sales and Use Tax: New Jersey Adopts Economic Nexus for Remote Sellers, (Aug. 15, 2018)
Effective October 1, 2018, certain remote sellers will be required to register, collect and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation announced that sales tax collection will be required in New Jersey if, during the current or...
Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment
The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation. Taxpayers can take a deduction for any...
Small Businesses Get Automatic Consent for Accounting Method Change
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs - this...
Life Sciences / Biotechnology
With a niche specialty in accounting for government grants and various available tax credits, we are there to support your company from its pre-revenue beginnings through its ongoing growth.
Related Articles
QCD With Your RMD
Ok, enough with the barrage of acronyms! If you are single or married and are receiving Required Minimum Distributions (RMDs), you may want to consider the Qualified Charitable Distribution (QCD) strategy to lower your Federal Income Tax liability, and possibly your...
Changes to Non-Profit Audit Landscape in Pennsylvania
Governor Wolf signed Act 71 into law last December and it became effective in early 2018. Act 71 increased the annual contribution levels at which a nonprofit must undergo an audit, review, or compilation engagement. The new contribution thresholds are as below:...
Is Your Worker an Employee or Independent Contractor?
This age old question is one to reevaluate on a regular basis within your company if you are paying workers under a 1099 contract. Why is this so important? If you, the business, are paying a worker as an independent contractor, you are not responsible for any...
Proposed IRS Regulations – Pennsylvania EITC/OSTC Participants Beware
The IRS issued a new regulation that directly impacts donors that participate in Pennsylvania EITC/OSTC programs. For contributions made after 8/27/18: - Donors are required to reduce the amount of their charitable contribution by any state tax credits...
Tax Law Update: Elective Tax-Deferred Treatment of Employee Stock Options and RSUs
Chances are that if you clicked to read this article, you or someone you know owns the rights to some employee stock options. Contrarily, you could be a private business owner and you are considering a creative way of attracting and compensating some top level talent...
401(k) Audit Preparation and Compliance with DOL Guidelines
Who is Required to have a 401(k) Audit and Why is it Important? Any employer who elects the 80/120 rule who has over 120 eligible employees at the beginning of the plan year is required to have an audit for that period. The Plan will then be required to have an audit...
Federal Withholding Checkup
With the summer months coming to an end, it is a good time to review your federal withholding exemptions to determine if adjustments need to be made. Early in 2018 the federal withholding tables were adjusted to reflect changes made with the Tax Cuts and Jobs Act. ...
State Tax Day – Current, S.14, New Jersey – Sales and Use Tax: New Jersey Adopts Economic Nexus for Remote Sellers, (Aug. 15, 2018)
Effective October 1, 2018, certain remote sellers will be required to register, collect and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation announced that sales tax collection will be required in New Jersey if, during the current or...
Philadelphia Will Follow Pennsylvania Bonus Depreciation Treatment
The City of Philadelphia has announced that it will follow Pennsylvania’s income tax treatment of the federal bonus depreciation deduction for corporate taxpayers. Taxpayers will need to add-back any federal bonus depreciation. Taxpayers can take a deduction for any...
Small Businesses Get Automatic Consent for Accounting Method Change
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs - this...
Outsourced Accounting
Stephano Plus functions as an extension of your team—bringing you the services and advice you need for a strong financial foundation.
From back office support to outsourcing the entire function on an interim or permanent basis, we offer a flexible approach, remote capability, and a variety of service models from weekly to monthly to as-needed.
As a full-service accounting and advisory firm, working with our Outsourced Accounting team gives you access to our entire staff of CPAs and consultants. To top it off, our customized service approach lets you control cost and level of engagement.
Learning Center
What to Do if You Receive an Employee Retention Credit Recapture Letter
The IRS is sending out up to 30,000 Employee Retention Credit (ERC) recapture letters this fall, affecting over $1 billion in claims. They notify business taxpayers that the IRS is reversing or recapturing their previous ERC credit.
Labor Department Launches Data Collection for Lost Retirement Savings Tool
The U.S. Department of Labor is launching the Retirement Savings Lost and Found database by December 29, 2024, to help workers locate lost retirement savings. EBSA has called on the retirement plan community to voluntarily provide the necessary data to populate the database and ensure its success. Read our blog to learn more.
Maximize Tax Savings on Equipment Purchases Before 2024 Ends
There’s still time to leverage significant tax breaks for purchasing equipment before December 31. Here's what you need to know about the Section 179 tax deduction and bonus depreciation for 2024
BOI Reporting on Hold: What Businesses Need to Know and How to Stay Prepared
A federal court has issued a nationwide injunction blocking enforcement of the Corporate Transparency Act (CTA) and its BOI reporting rule, citing constitutional concerns. The ruling halts compliance with the January 1, 2025, deadline pending further court action.