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The Tax Cuts and Jobs Acts (TCJA) of 2017 included amendments to IRC §174 beginning in 2022, such that companies that invest in Research and Development (R&D) can no longer
As a recent graduate entering the workforce, I needed to learn and understand the advantages of employer-related tax-saving opportunities. A previous post discussed FSAs and HSAs. This article will focus
At the beginning of January 2023, I started my internship in the GYF tax department along with several other students. As busy-season interns, our responsibilities were similar to those of
Lisa M. Wiegand, MBA, CPA – Manager, Tax Services Group Lisa has over 15 years of public accounting experience, specializing in tax compliance and planning for high-net-worth individuals, corporations, and
After issuing a moratorium on new Employee Retention Credit (ERC) claims last month (see related post), the IRS announced on October 19, 2023, that they are developing additional initiatives to
When starting a new job in any field, there is always an ever-present thought of the unknown. Transitioning from the classroom to real-world application of those lessons learned while in
Starting January 1, 2024, a new tax law (H.B.33) eliminates the annual Commercial Activity Tax (CAT) minimum tax, requires quarterly tax filings, and provides an increase in the exclusion of
Although the IRS has issued many warnings to taxpayers to beware of solicitations they receive from consultants offering to assist them with this tax credit, many businesses have continued to
Grossman Yanak & Ford LLP is one of five organizations that have been recognized as one of Pittsburgh’s “Top Workplaces” for all 13 years of the program! See all 2023
Kelley G. O’Neil, CPA – Manager, Tax Services Group Kelley has over 25 years of public accounting experience, serving privately held organizations and helping them reach their full potential. Though
As students return to school for the fall, it’s a good time to talk about 529 college savings plans. A prior blog post highlighted the importance of opening a 529
A recent tax tip from the IRS inspired us to expand on the topic to provide additional guidance on several tax planning opportunities that often come to mind during the
