budget, pennsylvania, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

…and the beat goes on!!

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Seeking to break the Pennsylvania budget impasse for fiscal year 2015-2016, which began July 1 of last year, (now a full 265 days behind schedule), the Republican-dominated General Assembly this week sent Governor Tom Wolf a supplemental General Fund appropriation bill. The Senate approved the bill by a vote of 31-18, followed by the State House […]

Claudy Is a Top Scorer on CPA Exam in Pennsylvania

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Pittsburgh, PA – Grossman Yanak & Ford LLP (GYF) is pleased to announce that Kathryn L. Claudy, an associate in the firm’s Assurance and Advisory Services Group, was one of the top 15 scorers out of more than 750 candidates who successfully passed the Uniform CPA exam in Pennsylvania in 2015. The Pennsylvania Institute of […]

tax return, new law, business returns, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

New Law Changes Tax Return Due Dates for Business Returns

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As usual, business people find themselves struggling with the 2015 income tax filing season and meeting tax return due dates. The level of complexity involved in full compliance with a tax code and interpretive regulations requires a substantial effort by business taxpayers to collect, analyze and submit data to their tax accountants.  Even more time […]

home security, IRS, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Discussing Security at Home

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A little known financial resource published by the Internal Revenue Service is a posting to their website titled, “Tax Tips”. We find these tips to be helpful to our clients and contacts and often reference them on our website and through our Firm’s Linked In accounts. One recent Internal Revenue Service Security Awareness Tax Tip […]

emotional distress, taxable, internal revenue code, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Court Finds Emotional Distress Damages to Be Taxable

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Generally, under the Internal Revenue Code, amounts received in settlement or as a result of litigation for damages (other than punitive damages) received on account of personal physical injuries or physical sickness are not included in “gross income” for tax purposes. A recent case in the United States Tax Court sets forth the limitations of […]

foreign financial asset, IRS, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Final Rules on Specified Foreign Financial Asset Reporting

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The Internal Revenue Service issued final regulations to define when a domestic entity is considered a specified domestic entity that must report specified foreign financial assets in which it holds an interest. These regulations, which apply to certain domestic corporations, partnerships and trusts, adopt the 2011 proposed regulations with just a few changes, including the […]

IT job, career opportunity, full-time position,GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Career Opportunity

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IT Systems/Network Administrator Grossman Yanak & Ford LLP (GYF) is hiring an IT Systems/Network Administrator. This full-time position entails responsibility for keeping the computer network running  smoothly;  reviewing  and  analyzing  software  and  hardware  needs;  and recommending changes  and upgrades  where  applicable  to  provide  efficient,  effective  and  timely  service  to  users  in  the  Firm. Ideal candidates […]