GYF Honored as Top Workplace for 8th Consecutive Year

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Grossman Yanak & Ford LLP was honored as one of Pittsburgh’s “Top Workplaces” for the eighth consecutive year! Evaluation for the awards is based upon results of employee surveys conducted by Energage. Winners were featured in a special section published by the Pittsburgh Post-Gazette. GYF manager, Brad Matthews, was interviewed for a related article, “Thermostat wars: How […]

Tax Court Rejects C Corporation Fees as Deductible Expenses

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A common planning strategy for reducing taxable income in a “regular” subchapter C corporation is through the payment of management fees and other charges to related entities (generally-pass-through enterprises or individuals). Oftentimes, these expenditures take the form of excess compensation and/or management fees. However, the payment of these types of expenses does not sit well […]

Continuous Accounting: An End to Period-End Chaos?

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NetSuite’s cloud-based financial management system can help financial professionals eliminate the headaches of closing the books at period-end and enjoy the benefits of continuous accounting, which aims to distribute the finance team’s workload evenly over an accounting period. Read the NetSuite blog post to learn more. Contact the GYF ERP Solutions Group to learn more about the NetSuite […]

IRS Issues Proposed Regulations for Bonus Depreciation Amended by Last Year’s Tax Act

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An exceedingly meaningful business incentive added by the Tax Cuts and Jobs Act, enacted on December 22, 2017 by President Trump increased the amount of qualifying fixed asset acquisition costs that may be expensed in the year of purchase from fifty (50) percent to one-hundred (100) percent.  This important incentive applies to asset additions made […]