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Bret Carr interviewed by Thomson Reuters

By Marketing | April 13, 2018

Bret Carr, Partner and CIO, recently took the time to speak with Thomson Reuters about Hertzbach and our experience with the Enterprise Cloud Audit Suite, a completely integrated, real-time, cloud-based audit solution from Thomson Reuters. The suite features the combined power of Checkpoint Engage and AdvanceFlow, which work together seamlessly to increase accuracy, facilitate easy…

Brian Ray, MS, CPA to Discuss New Tax Law at Tax Education Seminar

By Marketing | March 15, 2018

Hertzbach’s Brian Ray, MS, CPA will be discussing the new 2018 tax law at the Building Congress & Exchange’s upcoming Tax Law Seminar. This seminar will include a panel of accountants who will discuss the impact the new law will have on businesses. Brian is a partner in Hertzbach’s tax department and specializes in assisting…

Hertzbach in Focus: Meet Andrea Hartman

By Hertzbach | March 8, 2018

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…

David Sack a Panelist at OpenToGrowth

By Marketing | February 27, 2018

David Sack, Supervisor with Hertzbach will be a panelist at the Baltimore Chamber of Commerce event “OpenToGrowth2: Falling in love with your financials.” “Meet & Learn from Financial Industry Experts about setting the foundation to scale for growth, proven financing strategies, preparing the request for capital, access to funding, funding your start up, the importance…

Floorplan Interest Remains Deductible but with Depreciation Implications

By Auto Dealerships | February 26, 2018

Retail automotive dealerships historically have often taken advantage of significant depreciation deductions due to the high cost of their facility improvements and their rental fleet which is typically not subject to luxury auto limits. The 2017 Tax Reform Act has significantly expanded accelerated depreciation methods under Section 168(k) (bonus depreciation) and Section 179. Under the…

Greg Will, CPA, MST, CFE interviewed in the O&P Almanac

By Tax Department | February 23, 2018

Greg Will, CPA, MST, CFE was featured in February 2018 issue of the O&P Almanac. Greg discusses the impact of the Tax Cuts & Job Act on O&P facilities and owners. Greg says “Overall, O&P facilities and owners will benefit from the recent changes to the tax laws by realizing greater after-tax incomes.”  Greg also…

You, or Your Parents, May Qualify For a New Harford County Real Property Tax Credit

By Tax Department | February 21, 2018

The Harford County Council recently enacted the Senior Citizens and Veterans Tax Credit Program.  The program grants an individual owning a home that meets certain requirements a 20% credit on their real property tax for a maximum of five years.  The home must have an assessed value of $400,000 or less and the individual must…

Maryland Healthy Working Families Act Information

By Hertzbach | February 16, 2018

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…

Do You Know the Impact of the New Lease Accounting Rules on your Financial Statements?

By Hertzbach | February 16, 2018

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…

How the Tax Cuts and Jobs Act Impacts the Real Estate Industry

By Real Estate | February 15, 2018

The Tax Cuts and Jobs act made multiple changes to tax regulations impacting the real estate industry. Highlights of some of the changes are summarized below.  1031 Exchanges Section 1031 exchanges are now limited to only exchanges of real property not held primarily for sale. It only includes property held for use in a trade…

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