Posts by Marketing
2019 Tax Law Change Update
Highlights of spending package’s tax law changes The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire at the end of 2019. The agreement on the spending package also includes…
Read MoreINSIDE Public Accounting Recognizes Hertzbach as Top Accounting Firm
INSIDE Public Accounting has highlighted Hertzbach in their 2019 issue of IPA 200, which ranks accounting firms based on financial performance. Their annual report shows the ranking and performance metrics of the nation’s largest public accounting firms. INSIDE Public Accounting is an independent newsletter for analyzing news, trends, best-practice strategies, and insider information in the…
Read MoreLost profits versus lost business value
This article was originally published in The Daily Record. In commercial litigation, a primary role of a financial expert is to compute economic damages that may have been suffered by a party. In order to quantify economic damages, experts are commonly asked to calculate lost profits and/or lost business value. As a result, they must…
Read MoreNew Jersey Tax Amnesty Program Now Available – Take Advantage or Face An Additional Penalty
The New Jersey Division of Taxation is running a tax amnesty program from November 15, 2018 until January 15, 2019. The program applies to most state tax liabilities and applies to returns due on or after February 1, 2009, and prior to September 1, 2017. Taxpayers who participate in the program will receive a waiver…
Read MoreHertzbach Receives 2018 Customer Superstar Taxologist Award
Thomson Reuters announced the winners of the Customer Superstar Awards at its 38th annual SYNERGY Users’ Conference for tax and accounting professionals in Orlando, Fla. The Customer Superstar Awards were created to honor practitioners and firms who demonstrate outstanding dedication and service in the tax and accounting profession. Winners were selected by a panel of…
Read MoreHertzbach in Focus: Meet Andrew Schmidt
As the Special Olympics celebrates its 50th anniversary this year, we took some time to interview Andrew Schmidt, a staff accountant based in our Owings Mills office, who has been involved with the Special Olympics since 2012. Andrew’s brother Mike started his involvement as a Special Olympics Athlete in 2006 at the age of 12, participating…
Read MoreHertzbach and Operation Backpack
Continuing our annual tradition with Volunteers of America Chesapeake’s Operation Backpack – the Hertzbach Volunteer Committee organized a drive and pulled together eight full backpacks for children ranging from Pre-K to high school. Additionally, several other boxes of supplies were collected. Operation Backpack is an initiative for our region’s most vulnerable children. Donations help provide backpacks,…
Read MoreBret Carr featured in Mighty Guides’ Book on IT Outsourcing
Hertzbach’s Bret Carr, CPA, has been featured in the Mighty Guides, Inc’s, 8 Experts on Outsourcing IT for Strategic Advantage. This piece features eight IT experts who give their input on when and how a business should outsource their IT services. Bret Carr, CPA, is a partner at Hertzbach and has served as the Chief…
Read MoreBeat the Summer Heat and Shop Maryland Tax-Free Week
Just in time for back to school shopping, Maryland apparel retailers are beginning a week of tax-free sales. The second Sunday of August to the following Saturday is designated as Shop Maryland Tax-Free Week each year. That means qualifying apparel and footwear $100 or less, per item, are exempt from the state sales tax. Accessory…
Read MoreNew Rules Remove Requirement To Report Donors for Many Tax Exempt Organizations
Taxpayers who file Form 990 or 990-EZ, with the exception of organizations described under 501(c)(3), will have modified reporting on Schedule B Schedule of Contributors as a result of Revenue Procedure 2018-38 issued by the IRS. Most tax-exempt organizations reporting Schedule B on Form 990 and 990-EZ and Part IV of Form 990-BL are no…
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