Posts by Hertzbach
All businesses need internal controls
This article was recently published in the Daily Record. Most owners of large and small businesses agree that incorporating internal controls is the best way to deter, detect and prevent fraud. Although it is true that the implementation of internal controls is easier with companies that have a lot of employees, small businesses also…
Read MorePromotion Announcements
Hertzbach is proud to announce that Robert Carter and Andrea Hartman have been promoted to partners of the firm and Emily Rucinski has been promoted to a senior manager of the firm. Robert W. Carter, MS, CPA/CFF, CVA, CFE, CEPA Rob joined Hertzbach in 2007 and manages the Litigation, Forensic, and Valuation Department. He graduated…
Read MoreOur Day of Service: Paul’s Place, Inc.
Recently, for Hertzbach’s Day of Service, we had the opportunity to spend a day volunteering at several nonprofits, schools, and parks throughout the Baltimore and Washington, D.C. area. It was a wonderful day of giving back to our communities, learning about local organizations, and spending quality time with our colleagues. One of our volunteer groups…
Read MoreHertzbach’s Day of Service: The Loading Dock
On November 9th, 2018 for Hertzbach’s first annual Day of Service, we had the opportunity to spend a day volunteering at several nonprofits, schools, and parks throughout the Baltimore and Washington, D.C. area. It was a wonderful day of giving back to the community, learning about local organizations, and spending quality time with our colleagues.…
Read MoreAre You Ready for the New Revenue Recognition Standard?
Ready or not, the implementation period for the new revenue recognition standard (ASC 606) is here. The standard takes effect for private companies for annual reporting periods beginning after December 15, 2018 (or fiscal years beginning 1/1/2019). Many private companies are still not focused on the standard and how it will affect them, despite the…
Read MoreA Celebration of 70 Years
On October 3rd, 2018, Hertzbach hosted an event to celebrate our 70th anniversary at The Peale Center for Baltimore History and Architecture. Attended by approximately 200 of the firm’s colleagues, clients and friends, the event included a silent auction to benefit The Peale as well as Volunteers of America Chesapeake. The catering was by Ida…
Read MoreHertzbach in Focus: Meet Andrea Hartman
In honor of International Women’s Day, we took a few minutes to speak with Andrea Hartman about her life as a CPA. Andrea is a Senior Manager with Hertzbach. She is a leader of the firm’s Affordable Housing Industry Group and has over fifteen years of experience in providing assurance, consulting and accounting services to…
Read MoreMaryland Healthy Working Families Act Information
On January 12, 2018, the Maryland General Assembly overrode Governor Hogan’s veto of 2017’s mandatory paid leave law, House Bill 1. Therefore, Maryland employers are now required to provide paid leave to employees. On February 11, 2018, the Maryland Healthy Working Families Act is scheduled to go into effect. UPDATED 2/16 MD CHAMBER OF COMMERCE: (February…
Read MoreDo You Know the Impact of the New Lease Accounting Rules on your Financial Statements?
Companies that have not evaluated the effect of the new lease accounting rules should not delay in getting started. The new rules, which take effect in years beginning after December 15, 2019, will require operating leases be recorded on the balance sheet as a lease obligation with a corresponding “right of use” asset. The asset…
Read MoreHertzbach collects clothes and supplies for Giving Back Linda’s Legacy
As a part of the Hertzbach Volunteer Committee’s holiday season efforts, Hertzbach staff (spearheaded by partner, Nancy Buckley) collected a large donation of items for Giving Back Linda’s Legacy (GBLL.) GBLL is an all volunteer, nonprofit based in Anne Arundel County, Maryland whose Christmas Drive to Help the Homeless delivers over 20 truck loads of clothing annually…
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