Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services As business owners who have filed their 2023 tax returns this spring are aware, the temporary rules governing deductions for business-related meals and entertainment (M/E) during the Covid-19...
Kevin J. Bonnett, CPA Vice President & Director Although the implementation of the significant new lease standard, ASC 842, has been completed by all companies, as adoption was required for all companies with fiscal years beginning after December 15, 2021, this...
On June 4, 2024, we congratulated Tony Smeriglio on his 50-year tenure at GT Reilly. In June 1974, Tony joined GT Reilly as a fresh college graduate and over the next several decades rose to become the firm’s Managing Director and CEO before retiring in 2017. Tony...
The U.S. Department of Justice and the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) have appealed a ruling by the U.S. District Court of Northern Alabama that the Corporate Transparency Act (CTA) is unconstitutional. The court on March 1, 2024,...
Ryan J. McDonell, CPA, MSA Tax Manager Many people dream of turning a hobby into a business. Perhaps you enjoy cooking and would like to market some of your culinary creations. Or maybe you’d like to turn your crafting or photography skills into an income-producing...
