benefit corporations, give back, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Companies Can Give Back by Becoming Benefit Corporations

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Kickstarter recently announced that is has joined as small (but growing) a growing number of companies that have elected to become a  Benefit Corporation. Click here for detailed information about the regulations and benefits of Benefit Corporations These new corporations are required to consider the impact of their decisions not only on shareholders but also […]

market participant aquisition premiums, APB, control premiums, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Measurement and Application of Market Participant Acquisition Premiums

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On September 1, 2015, the Appraisal Practices Board (APB, part of The Appraisal Foundation) issued an exposure draft titled, “The Measurement and Application of Market Participant Acquisition Premiums.” Broadly, the Working Group that produced the draft was tasked with addressing the topic of control premiums as applied in valuations performed for financial reporting purposes.  In […]

GYF Welcomes New Hires

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FOR IMMEDIATE RELEASE: September 10, 2015 CONTACT: Mary Lou Harrison 412-338-9308 x-247 Pittsburgh, PA – Grossman Yanak & Ford LLP (GYF), a regional certified public accounting and consulting firm based in downtown Pittsburgh, is pleased to announce the addition of six new associates. Katherine Claudy, Emily Fritz, and Jacob Nedley, all Grove City College graduates, […]

gifts, gift tax planning, disclosure, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Importance of Timely and Accurate Disclosure of Gifts

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An important element of gift tax planning where valuation of the donor’s transferred property may be at question is to file a properly completed Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, so that the Statute of Limitations (generally, three years), can begin to run. Once outside that time frame, the Service has […]