By Ryan J. McDonell, CPA, MSA, MSLT Tax Director Over the Fourth of July weekend, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. This sweeping reconciliation package addresses a wide range of policy areas, including tax reform, defense...
We are pleased to announce that Ryan J. McDonell, CPA, MSA, MSLT has been promoted to Tax Director at G.T. Reilly & Company. He joined G.T. Reilly in 2023 as a Tax Manager after working at national and regional accounting firms. A tax professional with more than a...
By Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services With commercial and residential property values rising rapidly, 1031 like-kind exchanges are becoming more attractive to certain taxpayers who are selling real property that has experienced...
By James J. DeLuca, CPA, MST Senior Tax Manager The acronym GILTI sounds more like a phrase from the James Cagney movie “Public Enemy” than a section of the Internal Revenue Code (IRC), but it is, indeed, a code section that U.S. business owners with foreign...
By Frank T. Ardito, CPA Vice president & Director The rapid pace of mergers and acquisitions today is being driven by an unusual set of economic and social factors, including the COVID-19 pandemic and the wave of retirements among the Baby Boom generation. In many...
