Beat 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…

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Hertzbach named a Top Firm by INSIDE Public Accounting

Hertzbach & Company, P.A. was named a top firm by INSIDE Public Accounting. INSIDE Public Accounting  is an independent newsletter for analyzing news, trends, best-practice strategies and insider information in the public accounting industry. This special report of  accounting firms throughout the US gathered data to build a list of 300 Top Firms. Hertzbach  debuted…

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Rob Carter named to NACVA Valuation Standards Board

Robert Carter, MS, CPA, CVA, CFE, CEPA, was named to the National Association Of Certified Valuation Analysts (NACVA) Standards Board (SDB.) The SDB’s purpose is to promulgate NACVA’s Standards throughout the business valuation provider and user communities. This is achieved by addressing issues in the business valuation community and providing interpretations, amendments, restatements, and new releases of…

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Take a keen interest in your company’s insurance protection

Not many people wake up in the morning wanting to talk about insurance. But it’s important for contractors to take a keen and ongoing interest in their company’s coverage. It needs to meet not only the bid requirements of every project you take on, but also the wider needs of your construction business as it…

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Guidance on Blended Tax Rates for Corporations with Fiscal Year-ends

The IRS issued further guidance on April 16, 2018 regarding blended tax rates for C-Corporations with a fiscal year-end.  The Tax Cuts and Jobs Act (TCJA) changed the graduated corporate tax rate to a flat tax rate.  This change is effective for taxable years beginning after December 31, 2017.  What about fiscal year-ends that include…

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Cryptocurrency and Your Taxes

Bitcoin and other forms of cryptocurrency, such as Litecoin and Ethereum, have been attracting increasing interest from individual investors and the media. As CPAs who are interested in tax and finance, we’re paying close attention, too. Hertzbach advises taxpayers and prepares returns for cutting-edge investors who are trading in cryptocurrency. We’re staying up-to-date on related…

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Zeynep Orhan Presents Webinar on Nonprofit Audit & Accounting

Hertzbach’s Zeynep Orhan, CPA presented a webinar this week on nonprofit audit and accounting. This course covered the changes in the non-for-profit industry, including changes in nonprofit financial statements and the impact of the new revenue recognition rules and the lease standards. The webinar was hosted by the Accounting & Financial Women’s Alliance (AFWA), a…

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Bret Carr interviewed by Thomson Reuters

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…

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

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…

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