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Businesses that meet the requirement for the federal Research & Development (R&D) tax credit and perform R&D activities within the State of Pennsylvania may also be eligible for a State’s
After two years of online-only presentations, GYF hosted our annual event in-person on November 3, 2022, at the Southpointe Hilton Garden Inn. We were extremely excited to be able to
ASU 2021-07 provides a “practical expedient” for private companies to use to determine the fair value of equity-based compensation. This article originally appeared in a recent newsletter published by the
Grossman Yanak & Ford LLP was honored as one of Pittsburgh’s “Top Workplaces” for the 12th straight year! See all 2022 winners and read related articles in a special section
As Congress prepares to resume work following their summer recess, we are keeping an eye on one legislative issue that will impact many taxpayers – retirement reform. Since many of
A remnant of the original Build Back Better Plan, the Inflation Reduction Act of 2022 (IRA) was signed into law by President Joe Biden on August 16, 2022. The newly
ASC Topic 718, Compensation-Stock Compensation directs accounting for share-based compensation awards such as share-option awards, which are classified as either liabilities or equity. Equity-classified awards are initially measured at fair
CHIPS and Science Act of 2022 On July 28, 2022, the U.S. Congress passed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022. This legislation is
The Pennsylvania Department of Revenue (DOR) instituted a new rule for 2022 – all tax payments $15,000+ must be made online. This new process may be confusing for some taxpayers.
On July 8, 2022, Pennsylvania Governor Tom Wolf signed the Commonwealth’s $45.2 billion 2022-23 budget, which includes record investments in education and community safety as well as a significant tax
For most individuals, the deadline for filing Form 1040, U.S. Individual Income Tax Return, is April 15th. Taxpayers who are unable to meet this date can request an extension to
As we are in the peak of wedding season, it’s a good time to discuss the tax filing options for married taxpayers. While planning for a wedding, couples have a
