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1023-EZ Form Shortens Tax-Exempt Application Process

July 25, 2014

As of July 1, 2014, many small charities (those with gross receipts of $50,000 or…

2015 Year-End Tax Planning Letters for Businesses and Individuals

December 3, 2015

  BDO has shared their annual Tax Planning Letters for Business and Individuals. See below…

4 lean manufacturing fundamentals you can count on

June 23, 2014

Lean companies make their products as efficiently as possible, using the least possible staff time,…

4 ways to do project management just a little better

August 13, 2014

Contractors manage projects every day. But, as the construction industry evolves, so does their need…

A Proud Legacy

August 12, 2001

For over 65 years, Hertzbach & Company P.A. has earned a solid reputation as an…

Accounting for Contract Change Orders & Their Costs

November 3, 2013

Almost inevitably in any contract, change orders often present a unique accounting issue for construction…

Beat the summer heat and shop Maryland Tax-Free Week

August 15, 2016

Just in time for back to school shopping, Maryland apparel retailers are beginning a week of…

Beat the summer heat and shop Maryland Tax-Free Week

August 11, 2017

Just in time for back to school shopping, Maryland apparel retailers are beginning a week of…

Coale, Pripstein & Associates, P.A. of Columbia, MD joins regional firm, Hertzbach

June 28, 2016

Hertzbach 800 Red Brook Boulevard Suite 300 Owings Mills, Maryland 21117 410.363.3200 www.hertzbach.com FOR IMMEDIATE…

Congratulations to Robert Carter – CPA Practice Advisor 40 Under 40 Award Recipient

September 23, 2016

CPA Practice Advisor has announced the recipients of its annual 40 Under 40 Awards, a…

Contribution or Exchange Transaction?

May 16, 2014

FASB ASC 958-605 provides guidance for contributions of cash and other assets received. When recording…

Covering Children Tuition Costs with Capital Gains

December 21, 2015

Many parents may find themselves in a position where they must sell investments to pay…

Cyber security in the construction industry: How secure is your data?

June 22, 2016

In this month’s issue of  Building Congress & Exchange‘s newsletter, The Exchange, Hertzbach was featured…

David A. Sack, CPA of Hertzbach joins the Towson University Accounting Advisory Board

July 19, 2016

Hertzbach is proud to announce that David A. Sack, CPA, Senior Accountant, was selected to…

Employer Shared Responsibility Provision of ACA Delayed

February 19, 2014

The Affordable Care Act’s (ACA) shared responsibility effective date has been modified again.  The provision…

Employers Cannot Reimburse Individual Health Care Policies on a Pretax Basis

June 13, 2014

The IRS recently posted FAQ’s concerning employer healthcare arrangements. The Service clarified that an arrangement…

Extension for MD Fourth Quarter Withholding

February 2, 2016

Comptroller Peter Franchot announced on January 29th that the deadline for the Maryland quarterly withholding…

FASB Changes in Nonprofit Reporting Now a Reality

October 11, 2016

After years of speculation and debate, the largest scale change in not-for-profit financial reporting since…

Fight fraud with these common managerial accounting tools

August 7, 2017

When thinking about the ways financial experts can uncover fraud, data analysis and other forensic…

Filing Deadline Extended for Certain Exempt Organizations

January 6, 0201

The IRS announced that Exempt Organizations with a filing due date in January or February…

Final IRS Regulations Address Capitalization vs. Expensing

February 3, 2014

This past fall, the IRS released its long-awaited final regulations on the tax treatment of…

Florida healthcare provider pays $5.5M settlement over potential HIPAA violations

March 14, 2017

A Florida healthcare provider (Memorial Healthcare Systems) has paid the U.S. Department of Health and…

Florida Supreme Court rejects caps on damages for medical malpractice cases

July 12, 2017

The Florida Supreme Court recently ruled that a law putting a cap on damages in…

Foreign Compliance – June 30 Deadline for FBAR

June 6, 2016

With June filing deadlines approaching for Americans living abroad, the IRS has been reminding taxpayers…

FOREIGN FINANCIAL ACCOUNT REPORTING (FORM TD F 90-22.1) SHOULD BE RECEIVED BY JUNE 28, 2013

June 19, 2013

Federal banking regulations require any United States persons with a financial interest in or signature…

Form FinCEN 114 Should be Received by June 30, 2014

June 2, 2014

Federal banking regulations require any United States persons with a financial interest in or signature…

Hertzbach & Company Featured In AICPA

June 10, 2013

FOR IMMEDIATE RELEASE Contact: Hertzbach Marketing Dept. 410.363.3200 HERTZBACH & COMPANY FEATURED IN AICPA Baltimore,…

Hertzbach & HFAM present “The Successful Nursing Facility of the Future”

November 25, 2016

Hertzbach & the Health Facilities Association of Maryland (HFAM) present “The Successful Nursing Facility of…

Hertzbach at the 28th Annual GWSCPA Nonprofit Symposium

November 22, 2016

Hertzbach is a sponsor of the 28th Annual GWSCPA Nonprofit Symposium.  The GWSCPA Nonprofit Symposium is…

Hertzbach at the HAND Annual Meeting

July 11, 2017

Hertzbach’s Affordable Housing Team proudly supports the HAND Annual Meeting every year. We have over 35 years of experience serving…

Hertzbach at the HAND Annual Meeting

June 23, 2015

Hertzbach’s Affordable Housing Team had a blast at the HAND Annual Meeting today! Hertzbach has…

Hertzbach CIO to speak at Thomson Reuters Synergy Conference 2016

October 13, 2016

Technology is an integral part of any modern business. For the accounting profession, staying current…

Hertzbach collects clothes and supplies for Giving Back Linda’s Legacy

December 21, 2016

As a part of the Hertzbach Volunteer Committee’s holiday season efforts, Hertzbach staff (spearheaded by…

Hertzbach eliminates mandatory Saturday hours during tax season

November 30, 2016

At Hertzbach, we are committed to helping our staff manage the competing demands of work,…

Hertzbach Is A Proud Sponsor for “City Shred Day” Event

September 7, 2017

Hertzbach is proud to be a sponsor for Baltimore’s “City Shred Day,” an event that…

Hertzbach Joins The Ulman Cancer Fund for Annual Blue Jeans Ball

February 1, 2015

Hertzbach was proud to be a part of yet another successful Blue Jeans {and Bowties}…

Hertzbach Marketing Intern

March 31, 2015

Job Description Hertzbach, a regional certified public accounting and consulting firm, is looking for a…

Hertzbach moderates CREW Baltimore MD-PACE Financing Breakfast

January 17, 2017

Hertzbach manager, Nikkia N.A. Fitch, CPA will be moderating an upcoming panel for the Commercial…

Hertzbach Presents “Fraud, the Silent Killer” at DCHCA Annual Convention

May 27, 2016

Patrick Trotta, CPA, CHC and  Mark Steinberg, CPA of Hertzbach & Company P.A. presented at the District of…

Hertzbach sponsored HAND event: “Winning the QAP”

February 21, 2017

Winning the QAP Date: February 23, 2017  10:00 AM-1:00 PM Location: DC Housing Finance Agency…

Hertzbach welcomes Coale, Pripstein & Associates, P.A. of Columbia, MD.

August 26, 2016

Effective July 1, 2016, Coale, Pripstein & Associates, P.A. (Coale/Pripstein), a public accounting firm located…

Hertzbach Women Honored by MACPA and GWSCPA as “Women to Watch”

October 27, 2016

As proud members of The Greater Washington Society of CPAs and the Maryland Association of…

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

February 10, 2015

This week’s Baltimore Business Journal “List” ranks accounting firms by the number of CPA’s working…

How FRCP amendments affected e-discovery rulings in 2016

July 24, 2017

The amended Federal Rules of Civil Procedure (FRCP) took effect in December 2015. What effect…

Implications of HIPAA Breaches an Increasing Concern for Long-term Care

July 27, 2017

Data breaches can come from many sources including ransom-ware, employee mistakes and disgruntled and/or former…

Industry Expertise.

August 12, 2001

Hertzbach & Co. provides services and consulting to a wide range of industries. We have…

Inventory Fraud: Knowledge is your first line of defense.

April 2, 2015

Inventory is one of the biggest assets on a manufacturer’s balance sheet. It’s also one of…

IRS Continues to Warn Taxpayers from Scammers

October 29, 2015

The IRS continues to warn taxpayers about scammers claiming to be IRS agents.  The scams…

IRS Extends Deadline for WOTC Filings (Again)

August 1, 2016

Employers who wish to increase workforce diversity and benefit disadvantaged workers can get a significant…

IRS Guidance on Retroactive Transit Benefit Increase for 2014

January 16, 2015

The Internal Revenue Service has released Notice 2015-2 (link below) providing guidance on the retroactive transit benefit…

IRS Issues Update on Identity Theft PINs

January 14, 2016

The IRS has recently started to mail taxpayers who are victims of identity theft their…

IRS Phone Scam Alert

September 2, 2014

The Internal Revenue Service has issued a consumer alert regarding a pervasive phone scam where…

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

March 20, 2015

On Wednesday, February 18, the IRS released Notice 2015-17 which provides transitional relief from the…

IRS Releases Information on New Settlement Program

November 15, 2011

The Internal Revenue Service (IRS) has recently released information regarding a new settlement program to…

IRS Takes Aim at Valuation Discounts for Family Controlled Entities

September 26, 2016

For years, the transfer of family-owned entities and the use of valuation discounts such as…

Joel Chazen & City Life Builders Celebrate 1st Construction Training Graduation

September 8, 2016

City Life is the nonprofit arm of City Life Community Builders. The for-profit company has restored…

Joel Chazen Interviewed on Baltimore Internet Radio

July 30, 2014

Hertzbach’s Managing Partner, Joel Chazen recently sat down with Baltimore Internet Radio (BIR) on their…

Last Minute IRA Contributions to Reduce Income Tax

March 15, 2016

Did you think that the window of opportunity was closed for 2015 tax planning? It’s…

Leadership Experience.

August 12, 2001

The partners and principals of Hertzbach are diverse in their professional backgrounds, experience, and achievements.…

Lean Manufacturing: Trimming The Fat

October 15, 2013

Lean manufacturing is a process of continuous improvement based on finding and reducing waste. It…

Manufacturer Newsletter – Fall 2013

October 1, 2013

In this issue of Manufacturer: Control costs with defined contribution health care plans Knowledge is…

Manufacturing contracts face new Sec. 199 rules

April 2, 2014

The IRS issued new eligibility guidelines last summer that attempt to clarify which companies are…

Mark Edward elected to the Board of Governors of the GWSCPA

August 3, 2016

Mark P.S. Edward, CPA, CGMA, FCA, Partner at Hertzbach, has been elected to the Board…

Maryland Skilled Nursing Provider Sues State 

March 30, 2017

In December 2016, Neiswanger Management Services (NMS), a Maryland nursing home operator, was sued by…

Maryland Tax Amnesty

May 7, 2015

Maryland will hold a Tax Amnesty Program from September 1, 2015, through October 30, 2015.…

Mission: Inbox Zero

June 23, 2014

After coming back from a 4-day vacation, I read an article – a very timely…

Modifications and Temporary Relief Granted under the Voluntary Worker Classification Settlement Program

March 7, 2013

The Internal Revenue Service recently announced modifications to its Voluntary Worker Classification Settlement Program (VCSP).…

More than money: Customer-smart invoicing

April 2, 2014

Sending customers an invoice and receiving their payment sounds simple. But the process can be…

New changes to Maryland Section 529 investment plans

January 4, 2017

If saving for college is on your list of New Year’s resolutions, new laws in…

New Maryland Income Tax Credit for Security Clearance Costs & Construction of SCIFs

June 20, 2012

Beginning in 2013, Maryland individuals and corporations can claim an income tax credit to reduce…

New Partner Announcement: Travis B. Daniel, CPA

February 2, 2015

Hertzbach is pleased to announce that Travis B. Daniel, CPA is now a partner of…

New Relief for Tax Exempt Organizations Subject to Automatic Revocation of Exempt Status

January 14, 2014

The Internal Revenue Service (IRS) has recently released guidance (Revenue Procedure 2014- 11) which provides…

Nonprofit Financial Statements are becoming clearer…soon.

November 12, 2015

Users of the financial statements of nonprofit organizations are sometimes confused as to the true…

Nonprofit Newsletter – Summer 2013

June 2, 2013

In this issue of Nonprofit Advisor: IRS Wraps up Multi-Year Colleges and Universities Compliance Project…

On-Site Newsletter – Fall 2013

October 31, 2013

In this issue of ON-SITE: Year end tax planning: Getting all you can from equipment…

One Per Year Limitation For Tax-Free IRA Rollovers

August 1, 2014

The Internal Revenue Code allows individuals who receive a distribution from an Individual Retirement Account…

Patrick V. Trotta, CPA, CHC Joins Hertzbach In Baltimore Office

December 10, 2015

FOR IMMEDIATE RELEASE CONTACT: Jessica R.M. DeMunda 800.899.3633, ext. 2102 PATRICK V. TROTTA, CPA, CHC…

Pennsylvania Subjects Digital Goods to Sales/Use Tax and Establishes a Tax Amnesty Program

August 24, 2016

On July 13, 2016, Pennsylvania Governor Tom Wolf (D) signed into law H.B. 1198, 2015-2016…

Playing “tag.” Tracking Technologies Can Improve Inventory Management

February 3, 2014

Before investing thousands of dollars in converting to RFID tags and readers, distributors should consider…

Qualified Retirement Plans and Record Retention Requirements

February 12, 2014

The Employee Retirement Income Security Act of 1974 (ERISA) is the framework for the minimum…

Real Estate Advisor – September – October 2013

September 2, 2013

In this issue of Real Estate Advisor: Caveat emptor: You might get what you pay…

Regional Reputation

September 12, 2001

Hertzbach & Company is a valued advisor to businesses in a variety of industries throughout…

Restaurants May Want to Reconsider Automatic Gratuities

November 4, 2013

It is fairly common for restaurants to have a policy of adding an automatic gratuity…

Rev up revenue by contributing to a cost segregation study

June 23, 2014

Contributing services to a cost segregation study remains a viable option for contractors to rev…

Robert Carter Discusses Career with Rausch Law, LLC

September 1, 2017

Hertzbach’s senior manager, Robert W. Carter, MS, CPA, CVA, CFE, CEPA recently spoke with Rausch…

Robert Carter interviewed by Stevenson University

April 11, 2017

“At any university, it is of the utmost importance that their instructors are qualified, knowledgeable, and willing…

Robert Carter recognized as a NACVA 40 Under Forty Honoree

May 20, 2016

  Hertzbach is proud to announce that Robert W. Carter, MS, CPA, CVA, CFE has…

Robert Carter Speaks at SU Panel Series: Forensics Career Fair

November 14, 2016

October 25, 2016 – Stevenson University Students and Alumni joined speakers at the SU Panel…

Service Strategies.

August 12, 2001

Our team of over 180 professionals is diverse in their experience and achievements, concentrating in…

Supreme Court issues pro-developer land-use ruling

January 27, 2014

Developers applying for land-use permits often feel frustrated, even victimized, when government agencies make demands…

Supreme Court Rules in Favor of Wynne:

May 18, 2015

Maryland Taxpayers to Begin Receiving Refunds on Previously Disallowed Out-of State Income Tax Credits The…

Tax Court considers house flipper’s expense deductions

April 2, 2015

With many real estate markets on the rebound, real estate investors are resuming house flipping strategies to reap…

Tax Provisions in the FAST Act

December 10, 2015

The President signed the Fixing America’s Surface Transportation Act (The Act) into law on December 4,…

The Long Term Care Facility for 2020 and Beyond

June 28, 2017

Patrick Trotta, CPA, CHC, partner at Hertzbach, will be presenting “The Long Term Care Facility…

The rising costs of skilled nursing care

March 1, 2017

Per recent study, national averages for long-term care expenses have risen. Lincoln Financial Group’s annual…

The state of your construction company: Benchmarking

November 9, 2013

With competitors nipping at your heels, it’s not enough for any construction business to just be good enough. To get and stay ahead, you must continually focus on getting better. One way to do so is to regularly undertake the process of benchmarking your company’s performance against either its previous results or those of other contractors who provide services comparable to yours.

Tips for turning a profit on your properties

April 1, 2014

The U.S. real estate market has seen many ups and downs over the years. But…

Tom Hood of the MACPA Makes Top Ten Tweeters List

October 8, 2013

The chief executive officer of the Maryland Association of Certified Public Accountants (MACPA) received major…

TOP REGIONAL ACCOUNTING FIRM ANNOUNCES EXPANSION IN GREATER WASHINGTON, D.C. OFFICE

August 10, 2015

FOR IMMEDIATE RELEASE CONTACT: Jessica R.M. DeMunda 800.899.3633, ext. 2102   TOP REGIONAL ACCOUNTING FIRM…

Top Regional Accounting Firm Announces Expansion In Northern Virginia

January 10, 2014

FOR IMMEDIATE RELEASE CONTACT: Hertzbach Marketing Dept. 800.899.3633, ext. 2102 TOP REGIONAL ACCOUNTING FIRM ANNOUNCES…

U.S. Supreme Court to Hear Wynne Case

June 27, 2014

On May 27, 2014, the U.S. Supreme Court granted certiorari and will hear the case…

UPDATE: Maryland Alcohol Sales & Use Tax Changes

August 14, 2013

As of July 1, 2011, the Maryland State sales and use tax rate imposed on…

Valuation takes center stage when business owners divorce

September 5, 2017

Splitting up a marital estate can be a long, complicated process, particularly if it includes…

What We Believe.

August 12, 2001

As a certified public accounting and consulting practice, we believe that every client, without exception,…

Wilner & Scherr Joins Hertzbach

September 10, 2013

FOR IMMEDIATE RELEASE Contact: Hertzbach Marketing Dept. 410.363.3200 WILNER & SCHERR JOINS HERTZBACH & COMPANY,…

Women of Hertzbach Lean In to Hear What Sheryl Sandberg Has to Say

March 14, 2014

These days, there is always a catchword or hashtag that’s making headlines and getting people…

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