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On October 22, 2024, The Internal Revenue Service announced inflation adjustments for the coming tax year of 2025. The adjustments increased the standard deduction, Alternative Minimum Tax (AMT) Exemption, and
In June of 2021, the world of college athletics saw a drastic shift when the NCAA decided that college athletes could begin using their name, image, and likeness (NIL) as
Grossman Yanak & Ford LLP has been named again as one of Pittsburgh’s “Top Workplaces” and is pleased to note that we have been recognized for all 14 years of
GYF’s Business Valuation & Litigation Support Services Group continues to monitor economic conditions. The outlook of the U.S. economy at the end of Q2 2024 is being viewed as cautiously
It is important for individuals who want to start a new business to understand the taxation considerations related to a new company. This post will review the different organization options
As explained in a previous blog post, the Federal Corporate Transparency Act (CTA), which was passed in early 2021, requires certain reporting entities to file beneficial ownership information (BOI) reports
With its outdated net operating loss (NOL) limitation provisions, Pennsylvania has lagged behind the rest of the country for far too long in terms of providing its businesses a fair
The Board of Appeals is responsible for reviewing interactions between the Pennsylvania Department of Revenue (DOR) and taxpayers in the State. Taxpayers who wish to appeal a tax assessment or
While the Employee Retention Credit (ERC) has helped many businesses, other companies, as well as the IRS, continue to experience challenges. Extremely long processing times and failure to obtain any
I entered my first business networking event at RMU as a timid freshman who had just changed majors and career plans from actuarial science to accounting. Overwhelmed by the plethora
Lisa M. Wiegand, MBA, CPA – Senior Manager, Tax Services Lisa joined GYF as a Tax Manager in September 2023, and was promoted to Senior Manager in June 2024. She
According to the IRS, a “digital asset” is a digital representation of value recorded on a cryptographically secured distributed ledger or similar technology. If a particular asset has characteristics of
