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Global market participants are moving to transition from using or referencing the LIBOR and similar interbank-offered rates to alternative reference rates. In response, the FASB issued ASUs 2020-04 and 2021-01
With the return of inflation at levels not seen for decades, the LIFO (last-in, first-out) method of inventory costing may be a valuable tax-saving opportunity. Though not permitted by IFRS,
Recent legislation supporting employee ownership has successfully passed in the Pennsylvania House and is on to the Senate. This Bill would amend State tax rules to allow the deferral of
The GYF Business Valuation & Litigation Support Services Group continues to monitor economic conditions. An increase in positive coronavirus cases attributable to the omicron variant has slowed the economy’s return to
The Taxpayer Advocate Service (TAS), an independent organization within the IRS that is tasked with looking out for the rights and needs of taxpayers, recently delivered its annual report to
Two GYF professionals were recently promoted: Brad Matthews rose to the role of Senior Manager in the Business Valuation Services Group; and Dan Oberst was named as a new Manager
Grossman Yanak & Ford LLP is pleased to announce the promotions of three professionals: Angie McCoy, ERP Solutions Group; Rick Dynoske, Tax Services Group; and Robin Ryan, A&A Services Group.
Megan R. Troxell, CPA – Partner, A&A Services Group Megan joined Grossman Yanak & Ford LLP in 2003 following her graduation from Grove City College. She has over 18 years
As the holiday shopping season gears up, businesses should be aware of the issue of sales tax “nexus.” Though this topic has been discussed for years, it became more relevant
The Business Valuation & Litigation Support Services Group at GYF continues to monitor economic conditions. The U.S. economy continued its recovery in the third quarter of 2021, however, as we move
GYF’s Business Valuation & Litigation Support Services Group monitors the status of the U.S. public markets, in addition to other economic indicators. Coming off a highly positive first half of
While the annual inflation rate of 6.2% announced recently is far from good news, it is important to understand that in some ways, the news is not all bad. As
