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Marne W. Babich, was recognized by the Pennsylvania Institute of Certified Public Accountants (PICPA), being named as one of the organization’s 2022 Women to Watch. Four female CPAs from across
Starting on July 1, 2022, the standard mileage rate for business use vehicles will increase by four cents per mile (from 58.5¢ to 62.5¢ per mile) for the last six
Three GYF professionals were recently promoted: Jim O’Mara rose to Senior Manager in the ERP Solutions Group; Emily Miller was named as a Manager in the A&A Services Group; and
As my internship at GYF is quickly coming to an end, I wanted to reflect on my time at this firm. From start to finish, the people at GYF have
Jeffrey A. Ford, one of GYF’s founding partners, was recently recognized for his many years of service to the nonprofit community. The NACD Three Rivers Chapter honored Ford for his
After nearly 20 years of maintaining the second-highest corporate net income tax (CNIT) rate in the United States, Pennsylvania seems poised to reduce that rate from 9.99% to 8.99% beginning
Jeff Ford appeared as Laurie Barkman’s guest on “How to Prepare for Sell Side Diligence,” E86 on the Succession Stories Podcast. Click here to view the blog post with audio, video
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
