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SEE ADDITIONAL RMD OPTIONS UNDER THE CARES ACT (July 2020) Taxpayers who have attained the age of 70½ must begin to consider taking distributions from qualified retirement plans, simplified
The Internal Revenue Service has released cost-of-living adjustments to pension plans and other retirement-related items for 2020 in IR-2019-179. Many of the limits applicable to pension and other retirement plans
Finance teams have a lot on their to do lists at year end and, frequently, their most difficult challenge is annual planning and budgeting. At many companies, this process takes
In NetSuite Brainyard’s recent white paper, “State of the CFO Role,” 186 CFOs respondents said they spend an average of 2.25 hours in spreadsheets every day. That’s more time in
A coverage threshold is an amount of earnings that triggers coverage under the Social Security program. The Social Security Administration (SSA) has announced a new threshold for “cash” wages paid
Please join GYF in congratulating Cary Falchetti on his retirement! We thank him for nearly 15 years of serving our clients. We will miss his calm and cheerful personality!
Check out the new website and find out how we can help your organization maximize your return on Net-Suite’s cloud-based solutions. www.gyferp.com
Background In August of 1970, the Accounting Principles Board (APB) issued Opinion 16: Business Combinations to set the standards for accounting for business combinations. Under APB 16, there were two
As cloud computing became more popular, businesses took different approaches to how they accounted for it on their financial statements. But, as the percentage of businesses using cloud products increased,
Grossman Yanak & Ford LLP (GYF), a regional certified public accounting and consulting firm based in downtown Pittsburgh, is pleased to announce that Mark D. Wolstoncroft, CPA has been named
Section 199A, Qualified Business Income, which was added to the federal tax law by the Tax Cuts and Jobs Act enacted at the end of 2017, is one of the
One of the most controversial provisions of the Tax Cuts and Jobs Act, enacted in December, 2017, was the cap imposed on the itemized deduction for individuals associated with the
