What Others Say
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
Reduce Your Tax Bill with Higher Education Credits
You can lower your tax bill with the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers up to $2,500 per student for the first four years of higher education, with a partial refund possible. The LLC provides up to $2,000 for various educational courses with no annual limit on claiming it, though income limits apply to both credits.
Act Before 2026: Use the Increased Unified Tax Credit to Minimize Gift and Estate Taxes
The unified tax credit allows individuals to reduce their tax burden by merging gift and estate taxes, providing flexibility in distributing wealth. The Tax Cuts and Jobs Act significantly increased the lifetime estate and gift tax exemption to $13.61 million for individuals or $27.22 million for married couples in 2024, but it is set to be reduced by half in 2026 unless Congress intervenes. High-net-worth individuals should consider taking advantage of the higher exemption by making larger lifetime gifts before the reduction to avoid future tax penalties.
CTA 2024: Must-Know BOI Reporting Rules
32M companies are required to file a BOI report. Learn why and what you must do to comply.
Richard Skinner Promoted to Partner at Stephano Slack LLC
Richard Skinner, CPA, has been promoted to Partner at Stephano Slack.
ESOPs as an Exit Strategy
An employee stock option plan (ESOP) is an often-overlooked exit strategy for business owners. An ESOP is a qualified retirement plan that gives employees ownership in the company through stock. They are flexible, allowing owners to slowly sell their shares over time...
SECURE Tax Acts and Retirement
From 2017 to 2022, there were several wide sweeping changes to the Tax Code. From the tax cuts created by the 2017 Tax Act to the legislation passed in 2020 and 2021 in response to the Covid pandemic. These tax law changes have effected most US taxpayers. However,...
Intentionally Defective Grantor Trusts
The Tax Reduction and Jobs Creation Act of 2017 (The 2017 Act) reduced the number of taxpayers who might be subject to Estate Tax upon their death. The Estate Tax exempts estates under a specific exemption amount. For 2024, the exemption amount is $13.6 million or for...
Backdoor Roth IRA
Today’s topic for Tax Tip Friday is Backdoor Roth IRAs. While Roth IRAs are very popular, many high income taxpayers are unable to contribute due to Modified Adjusted Gross Income (MAGI) limits. The backdoor Roth IRA is a strategy that allows high income taxpayers,...
Qualified Charitable Distributions (QCQ)
If you're 70 ½ or older and have a traditional IRA account, you might want to explore the option of making a Qualified Charitable Distribution (QCD). With the ongoing increase in standard deductions, many taxpayers find themselves unable to itemize deductions,...
CTA Update: Inactive Entities Exempt from BOI Reporting
In Week Five of our CTA Series, we’re exploring the intricacies of inactive entities exempt from BOI reporting. According to FinCen, specific criteria must be met for an entity to qualify as inactive. Let’s dive into these criteria and unravel the essentials. 1. The...
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
Reduce Your Tax Bill with Higher Education Credits
You can lower your tax bill with the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers up to $2,500 per student for the first four years of higher education, with a partial refund possible. The LLC provides up to $2,000 for various educational courses with no annual limit on claiming it, though income limits apply to both credits.
Act Before 2026: Use the Increased Unified Tax Credit to Minimize Gift and Estate Taxes
The unified tax credit allows individuals to reduce their tax burden by merging gift and estate taxes, providing flexibility in distributing wealth. The Tax Cuts and Jobs Act significantly increased the lifetime estate and gift tax exemption to $13.61 million for individuals or $27.22 million for married couples in 2024, but it is set to be reduced by half in 2026 unless Congress intervenes. High-net-worth individuals should consider taking advantage of the higher exemption by making larger lifetime gifts before the reduction to avoid future tax penalties.
CTA 2024: Must-Know BOI Reporting Rules
32M companies are required to file a BOI report. Learn why and what you must do to comply.
Richard Skinner Promoted to Partner at Stephano Slack LLC
Richard Skinner, CPA, has been promoted to Partner at Stephano Slack.
ESOPs as an Exit Strategy
An employee stock option plan (ESOP) is an often-overlooked exit strategy for business owners. An ESOP is a qualified retirement plan that gives employees ownership in the company through stock. They are flexible, allowing owners to slowly sell their shares over time...
SECURE Tax Acts and Retirement
From 2017 to 2022, there were several wide sweeping changes to the Tax Code. From the tax cuts created by the 2017 Tax Act to the legislation passed in 2020 and 2021 in response to the Covid pandemic. These tax law changes have effected most US taxpayers. However,...
Intentionally Defective Grantor Trusts
The Tax Reduction and Jobs Creation Act of 2017 (The 2017 Act) reduced the number of taxpayers who might be subject to Estate Tax upon their death. The Estate Tax exempts estates under a specific exemption amount. For 2024, the exemption amount is $13.6 million or for...
Backdoor Roth IRA
Today’s topic for Tax Tip Friday is Backdoor Roth IRAs. While Roth IRAs are very popular, many high income taxpayers are unable to contribute due to Modified Adjusted Gross Income (MAGI) limits. The backdoor Roth IRA is a strategy that allows high income taxpayers,...
Qualified Charitable Distributions (QCQ)
If you're 70 ½ or older and have a traditional IRA account, you might want to explore the option of making a Qualified Charitable Distribution (QCD). With the ongoing increase in standard deductions, many taxpayers find themselves unable to itemize deductions,...
CTA Update: Inactive Entities Exempt from BOI Reporting
In Week Five of our CTA Series, we’re exploring the intricacies of inactive entities exempt from BOI reporting. According to FinCen, specific criteria must be met for an entity to qualify as inactive. Let’s dive into these criteria and unravel the essentials. 1. The...
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
Reduce Your Tax Bill with Higher Education Credits
You can lower your tax bill with the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers up to $2,500 per student for the first four years of higher education, with a partial refund possible. The LLC provides up to $2,000 for various educational courses with no annual limit on claiming it, though income limits apply to both credits.
Act Before 2026: Use the Increased Unified Tax Credit to Minimize Gift and Estate Taxes
The unified tax credit allows individuals to reduce their tax burden by merging gift and estate taxes, providing flexibility in distributing wealth. The Tax Cuts and Jobs Act significantly increased the lifetime estate and gift tax exemption to $13.61 million for individuals or $27.22 million for married couples in 2024, but it is set to be reduced by half in 2026 unless Congress intervenes. High-net-worth individuals should consider taking advantage of the higher exemption by making larger lifetime gifts before the reduction to avoid future tax penalties.
CTA 2024: Must-Know BOI Reporting Rules
32M companies are required to file a BOI report. Learn why and what you must do to comply.
Richard Skinner Promoted to Partner at Stephano Slack LLC
Richard Skinner, CPA, has been promoted to Partner at Stephano Slack.
ESOPs as an Exit Strategy
An employee stock option plan (ESOP) is an often-overlooked exit strategy for business owners. An ESOP is a qualified retirement plan that gives employees ownership in the company through stock. They are flexible, allowing owners to slowly sell their shares over time...
SECURE Tax Acts and Retirement
From 2017 to 2022, there were several wide sweeping changes to the Tax Code. From the tax cuts created by the 2017 Tax Act to the legislation passed in 2020 and 2021 in response to the Covid pandemic. These tax law changes have effected most US taxpayers. However,...
Intentionally Defective Grantor Trusts
The Tax Reduction and Jobs Creation Act of 2017 (The 2017 Act) reduced the number of taxpayers who might be subject to Estate Tax upon their death. The Estate Tax exempts estates under a specific exemption amount. For 2024, the exemption amount is $13.6 million or for...
Backdoor Roth IRA
Today’s topic for Tax Tip Friday is Backdoor Roth IRAs. While Roth IRAs are very popular, many high income taxpayers are unable to contribute due to Modified Adjusted Gross Income (MAGI) limits. The backdoor Roth IRA is a strategy that allows high income taxpayers,...
Qualified Charitable Distributions (QCQ)
If you're 70 ½ or older and have a traditional IRA account, you might want to explore the option of making a Qualified Charitable Distribution (QCD). With the ongoing increase in standard deductions, many taxpayers find themselves unable to itemize deductions,...
CTA Update: Inactive Entities Exempt from BOI Reporting
In Week Five of our CTA Series, we’re exploring the intricacies of inactive entities exempt from BOI reporting. According to FinCen, specific criteria must be met for an entity to qualify as inactive. Let’s dive into these criteria and unravel the essentials. 1. The...
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
Reduce Your Tax Bill with Higher Education Credits
You can lower your tax bill with the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers up to $2,500 per student for the first four years of higher education, with a partial refund possible. The LLC provides up to $2,000 for various educational courses with no annual limit on claiming it, though income limits apply to both credits.
Act Before 2026: Use the Increased Unified Tax Credit to Minimize Gift and Estate Taxes
The unified tax credit allows individuals to reduce their tax burden by merging gift and estate taxes, providing flexibility in distributing wealth. The Tax Cuts and Jobs Act significantly increased the lifetime estate and gift tax exemption to $13.61 million for individuals or $27.22 million for married couples in 2024, but it is set to be reduced by half in 2026 unless Congress intervenes. High-net-worth individuals should consider taking advantage of the higher exemption by making larger lifetime gifts before the reduction to avoid future tax penalties.
CTA 2024: Must-Know BOI Reporting Rules
32M companies are required to file a BOI report. Learn why and what you must do to comply.
Richard Skinner Promoted to Partner at Stephano Slack LLC
Richard Skinner, CPA, has been promoted to Partner at Stephano Slack.
ESOPs as an Exit Strategy
An employee stock option plan (ESOP) is an often-overlooked exit strategy for business owners. An ESOP is a qualified retirement plan that gives employees ownership in the company through stock. They are flexible, allowing owners to slowly sell their shares over time...
SECURE Tax Acts and Retirement
From 2017 to 2022, there were several wide sweeping changes to the Tax Code. From the tax cuts created by the 2017 Tax Act to the legislation passed in 2020 and 2021 in response to the Covid pandemic. These tax law changes have effected most US taxpayers. However,...
Intentionally Defective Grantor Trusts
The Tax Reduction and Jobs Creation Act of 2017 (The 2017 Act) reduced the number of taxpayers who might be subject to Estate Tax upon their death. The Estate Tax exempts estates under a specific exemption amount. For 2024, the exemption amount is $13.6 million or for...
Backdoor Roth IRA
Today’s topic for Tax Tip Friday is Backdoor Roth IRAs. While Roth IRAs are very popular, many high income taxpayers are unable to contribute due to Modified Adjusted Gross Income (MAGI) limits. The backdoor Roth IRA is a strategy that allows high income taxpayers,...
Qualified Charitable Distributions (QCQ)
If you're 70 ½ or older and have a traditional IRA account, you might want to explore the option of making a Qualified Charitable Distribution (QCD). With the ongoing increase in standard deductions, many taxpayers find themselves unable to itemize deductions,...
CTA Update: Inactive Entities Exempt from BOI Reporting
In Week Five of our CTA Series, we’re exploring the intricacies of inactive entities exempt from BOI reporting. According to FinCen, specific criteria must be met for an entity to qualify as inactive. Let’s dive into these criteria and unravel the essentials. 1. The...
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
Reduce Your Tax Bill with Higher Education Credits
You can lower your tax bill with the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers up to $2,500 per student for the first four years of higher education, with a partial refund possible. The LLC provides up to $2,000 for various educational courses with no annual limit on claiming it, though income limits apply to both credits.
Act Before 2026: Use the Increased Unified Tax Credit to Minimize Gift and Estate Taxes
The unified tax credit allows individuals to reduce their tax burden by merging gift and estate taxes, providing flexibility in distributing wealth. The Tax Cuts and Jobs Act significantly increased the lifetime estate and gift tax exemption to $13.61 million for individuals or $27.22 million for married couples in 2024, but it is set to be reduced by half in 2026 unless Congress intervenes. High-net-worth individuals should consider taking advantage of the higher exemption by making larger lifetime gifts before the reduction to avoid future tax penalties.
CTA 2024: Must-Know BOI Reporting Rules
32M companies are required to file a BOI report. Learn why and what you must do to comply.
Richard Skinner Promoted to Partner at Stephano Slack LLC
Richard Skinner, CPA, has been promoted to Partner at Stephano Slack.
ESOPs as an Exit Strategy
An employee stock option plan (ESOP) is an often-overlooked exit strategy for business owners. An ESOP is a qualified retirement plan that gives employees ownership in the company through stock. They are flexible, allowing owners to slowly sell their shares over time...
SECURE Tax Acts and Retirement
From 2017 to 2022, there were several wide sweeping changes to the Tax Code. From the tax cuts created by the 2017 Tax Act to the legislation passed in 2020 and 2021 in response to the Covid pandemic. These tax law changes have effected most US taxpayers. However,...
Intentionally Defective Grantor Trusts
The Tax Reduction and Jobs Creation Act of 2017 (The 2017 Act) reduced the number of taxpayers who might be subject to Estate Tax upon their death. The Estate Tax exempts estates under a specific exemption amount. For 2024, the exemption amount is $13.6 million or for...
Backdoor Roth IRA
Today’s topic for Tax Tip Friday is Backdoor Roth IRAs. While Roth IRAs are very popular, many high income taxpayers are unable to contribute due to Modified Adjusted Gross Income (MAGI) limits. The backdoor Roth IRA is a strategy that allows high income taxpayers,...
Qualified Charitable Distributions (QCQ)
If you're 70 ½ or older and have a traditional IRA account, you might want to explore the option of making a Qualified Charitable Distribution (QCD). With the ongoing increase in standard deductions, many taxpayers find themselves unable to itemize deductions,...
CTA Update: Inactive Entities Exempt from BOI Reporting
In Week Five of our CTA Series, we’re exploring the intricacies of inactive entities exempt from BOI reporting. According to FinCen, specific criteria must be met for an entity to qualify as inactive. Let’s dive into these criteria and unravel the essentials. 1. The...
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
Reduce Your Tax Bill with Higher Education Credits
You can lower your tax bill with the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The AOTC offers up to $2,500 per student for the first four years of higher education, with a partial refund possible. The LLC provides up to $2,000 for various educational courses with no annual limit on claiming it, though income limits apply to both credits.
Act Before 2026: Use the Increased Unified Tax Credit to Minimize Gift and Estate Taxes
The unified tax credit allows individuals to reduce their tax burden by merging gift and estate taxes, providing flexibility in distributing wealth. The Tax Cuts and Jobs Act significantly increased the lifetime estate and gift tax exemption to $13.61 million for individuals or $27.22 million for married couples in 2024, but it is set to be reduced by half in 2026 unless Congress intervenes. High-net-worth individuals should consider taking advantage of the higher exemption by making larger lifetime gifts before the reduction to avoid future tax penalties.
CTA 2024: Must-Know BOI Reporting Rules
32M companies are required to file a BOI report. Learn why and what you must do to comply.
Richard Skinner Promoted to Partner at Stephano Slack LLC
Richard Skinner, CPA, has been promoted to Partner at Stephano Slack.
ESOPs as an Exit Strategy
An employee stock option plan (ESOP) is an often-overlooked exit strategy for business owners. An ESOP is a qualified retirement plan that gives employees ownership in the company through stock. They are flexible, allowing owners to slowly sell their shares over time...
SECURE Tax Acts and Retirement
From 2017 to 2022, there were several wide sweeping changes to the Tax Code. From the tax cuts created by the 2017 Tax Act to the legislation passed in 2020 and 2021 in response to the Covid pandemic. These tax law changes have effected most US taxpayers. However,...
Intentionally Defective Grantor Trusts
The Tax Reduction and Jobs Creation Act of 2017 (The 2017 Act) reduced the number of taxpayers who might be subject to Estate Tax upon their death. The Estate Tax exempts estates under a specific exemption amount. For 2024, the exemption amount is $13.6 million or for...
Backdoor Roth IRA
Today’s topic for Tax Tip Friday is Backdoor Roth IRAs. While Roth IRAs are very popular, many high income taxpayers are unable to contribute due to Modified Adjusted Gross Income (MAGI) limits. The backdoor Roth IRA is a strategy that allows high income taxpayers,...
Qualified Charitable Distributions (QCQ)
If you're 70 ½ or older and have a traditional IRA account, you might want to explore the option of making a Qualified Charitable Distribution (QCD). With the ongoing increase in standard deductions, many taxpayers find themselves unable to itemize deductions,...
CTA Update: Inactive Entities Exempt from BOI Reporting
In Week Five of our CTA Series, we’re exploring the intricacies of inactive entities exempt from BOI reporting. According to FinCen, specific criteria must be met for an entity to qualify as inactive. Let’s dive into these criteria and unravel the essentials. 1. The...
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.