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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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4 ways to do project management just a little better

Posted by on Aug 13, 2014 | 0 comments

4 ways to do project management just a little better

Contractors manage projects every day. But, as the construction industry evolves, so does their need to keep getting just a little better at project management. This article describes four ways to gain a competitive edge when managing jobs. They involve preconstruction planning, simplifying field systems, and training managers and then holding them accountable. Read the full article in the Summer issue of Onsite.

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One Per Year Limitation For Tax-Free IRA Rollovers

Posted by on Aug 1, 2014 | 0 comments

The Internal Revenue Code allows individuals who receive a distribution from an Individual Retirement Account (IRA) to avoid tax consequences by depositing the funds into another IRA within 60 days. Under the code, any amount distributed from an IRA will not be taxable to the account holder to the extent that the amount distributed is paid into another IRA for the benefit of the account holder no later than 60 days after the distribution from the first IRA is made. This prior interpretation applied this limit on an account by account basis...

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Joel Chazen Interviewed on Baltimore Internet Radio

Posted by on Jul 30, 2014 | 0 comments

Joel Chazen Interviewed on Baltimore Internet Radio

Hertzbach & Company, P.A.’s Managing Partner, Joel Chazen recently sat down with Baltimore Internet Radio (BIR) on their International Business channel to discuss Hertzbach  and his career. The interview was conducted by BIR President David Custy. BIR is an internet radio station and website that provides a local, national and international platform to connect residents of Baltimore with the world. You can listen to the entire segment here or visit the Baltimore Internet Radio website at http://baltimoreinternetradio.com.  ...

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