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Hertzbach Marketing Intern

Posted by on Mar 31, 2015 | 0 comments

Job Description Hertzbach & Company, P.A., a regional certified public accounting and consulting firm, is looking for a qualified summer intern to join our marketing/business development team. This internship would be based in Hertzbach’s Rockville, MD location and would require occasional travel to the other office locations (Arlington, VA and Owings Mills, MD.) We are seeking an intern that is energetic, a self-starter, and outgoing. The Marketing Intern should be prepared to work both independently and in a team environment. The...

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IRS provides relief from $100 a day penalty in Notice 2015-17

Posted by on Mar 20, 2015 | 0 comments

On Wednesday, February 18, the IRS released Notice 2015-17 which provides transitional relief from the $100 per day per employee penalty assessed under IRC §4980D for certain small employers.  Additionally the notice provides clarification related to health insurance arrangements for 2% shareholder-employees of S corporations and group health plans with only one plan participant. Transitional Relief for Small Employers Employer payment plans as defined in IRS Notice 2013-54 which fail to comply with market reforms related to group insurance...

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Hertzbach’s Karen Forster Selected to BVU Maryland’s 2015 GIVE Program

Posted by on Mar 12, 2015 | 0 comments

Hertzbach’s Karen Forster Selected to BVU Maryland’s 2015 GIVE Program

Karen Forster, CPA,  Manager at Hertzbach & Company, P.A., has been selected to participate in Business Volunteers Maryland’s 2015 GIVE Program. The GIVE Program is a ten-month series of learning seminars, volunteer opportunities and networking events designed to enhance professional development and raise awareness among the next generation of civic leaders about the growing need for volunteerism and engagement. As a member of the 2015 GIVE class, Karen Forster will be introduced to the issues and challenges facing the Baltimore...

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Hertzbach: One of the 5 largest accounting firms in the Baltimore area

Posted by on Feb 10, 2015 | 0 comments

Hertzbach: One of the 5 largest accounting firms in the Baltimore area

This week’s Baltimore Business Journal “List” ranks accounting firms by the number of CPA’s working in Baltimore-area offices. Hertzbach is #5 with our local number of CPA’s at 80…and growing!  Click here to read more on the Baltimore Business Journal website. 

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New Partner Announcement: Travis B. Daniel, CPA

Posted by on Feb 2, 2015 | 0 comments

New Partner Announcement: Travis B. Daniel, CPA

Hertzbach & Company, P.A. is pleased to announce that Travis B. Daniel, CPA is now a partner of the firm. Mr. Daniel joined Hertzbach & Company, P.A. in 2002. He is a graduate of Frostburg State University with a B.S. in Accounting. He has also earned his M.B.A. from Loyola College and is a certified public accountant in Maryland. Mr. Daniel is a partner in Hertzbach’s Real Estate Group and specializes in assisting clients with tax planning and compliance for entities taxed as corporations and partnerships. Mr. Daniel is also involved...

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Hertzbach Joins The Ulman Cancer Fund for Annual Blue Jeans Ball

Posted by on Feb 1, 2015 | 0 comments

Hertzbach Joins The Ulman Cancer Fund for Annual Blue Jeans Ball

Hertzbach & Company, P.A. was proud to be a part of yet another successful Blue Jeans {and Bowties} Ball hosted by The Ulman Cancer Fund for Young Adults on January 24, 2015. The Ulman Fund  is celebrating 17 years of changing lives by building communities of support for young adults, and their loved ones, affected by cancer.  At the event, they spotlighted and honored  amazing individuals and organizations that have made a difference in the lives of young adults facing cancer. Learn more about The Ulman Cancer Fund for Young Adults...

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IRS Guidance on Retroactive Transit Benefit Increase for 2014

Posted by on Jan 16, 2015 | 0 comments

The Internal Revenue Service has released Notice 2015-2 (link below) providing guidance on the retroactive transit benefit increase recently enacted in the Tax Increase Prevention Act of 2014. The break for transit riders was increased under IRC §132(f)(2)(A) from $130 per participating employee to $250 per participating employee, retroactively, from January 1 through December 31, 2014, to equal the separate $250 a month break for parking. The notice provides a special administrative procedure for employers to use in applying the law change,...

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IRS Phone Scam Alert

Posted by on Sep 2, 2014 | 0 comments

The Internal Revenue Service has issued a consumer alert regarding a pervasive phone scam where perpetrators are pretending to be with the IRS. These scams are becoming increasingly common and often involve threatening the victim. The IRS has identified five ways to recognize a scam. The IRS will never: Call you about taxes you owe without first mailing you an official notice. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe. Require you to use a specific payment method for your...

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What you need to know about partnership allocations

Posted by on Aug 13, 2014 | 0 comments

What you need to know about partnership allocations

In late 2013, the IRS released Revenue Procedure 2014-12, which established a safe harbor clarifying how the agency will treat allocations of rehabilitation tax credits among partners. The procedure lays out circumstances under which the IRS won’t challenge a partnership’s allocation of credits to an investor/partner. This article discusses eligibility requirements for the safe harbor. However, a sidebar explains that it isn’t available if anyone in the rehabilitation project has entered into certain guarantee or insurance arrangements to...

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Regional manufacturing hubs: A modern industrial revolution

Posted by on Aug 13, 2014 | 0 comments

Regional manufacturing hubs: A modern industrial revolution

President Obama is planning to launch a national network of up to 45 regional manufacturing innovation centers — or “hubs” — over the next 10 years with the support of Congress. This article takes a look at the first four regional pilot facilities and how the hubs are intended to work. It explains how, in addition to setting new production standards, each hub will serve as a “teaching factory.” A sidebar discusses the next hub, called the Advanced Composites Manufacturing Innovation Institute. Read the full article in the Summer issue of...

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