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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
GYF’s tax professionals are always monitoring the federal and state tax landscape for any legislative changes that could impact our clients. A new tax refund opportunity is available taxpayers in
Amber Pinskey was named by the Pennsylvania Institute of Certified Public Accountants (PICPA) as one of the organization’s 2024 Young Leader Award Winners. This award recognizes PICPA members under the
Six kids of GYF professionals spent “Take Your Kid to Work Day” at our office getting a taste of what their parents do each day (you can see their initial
One of the greatest things about being an auditor is that every day in your life is different. You may be working from home, in the firm’s offices or at
Due to limited school budgets, teachers often use their own money to buy classroom supplies. Fortunately, eligible educators may be able to defray up to $300 in qualified unreimbursed expenses
The costs for healthcare can be high, but medical expenses can trim taxes for taxpayers who itemize deductions on their federal income tax returns (see related post) Keeping good records
Businesses planning to form a joint venture, which is defined as “an entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific
Individual taxpayers can take deductions that reduce the amount of taxable income on their federal income tax returns in one of two ways: itemize deductions or utilize the standard deduction.
Taxpayers can file a form with the IRS to request additional time to complete their tax returns. (See our related post for links to the appropriate forms and filing deadlines
When “tax day” is mentioned, most people think of April 15. However, there are some exceptions to this deadline as well as other filing dates for different types of taxpayers.
Last week, the GYF ERP Solutions Group introduced two service offerings available for companies that use Oracle NetSuite: GYF ERP 911 and GYF Accounting 911. Mark Kreminski, our Group’s NetSuite Support Manager, will be coordinating
