Employee Retention Tax Credit Update

Jun 30, 2021

By Giuseppe “Joe” Femia, CPA Vice President & Director Employers who plan to take advantage of the Employee Retention Tax Credit (ERTC) to defray certain costs of keeping employees on the payroll during the Covid-19 pandemic should act quickly, since an important...

New lease accounting standard: The time has come to prepare

Jun 30, 2021

By Ryan C. Peck, CPA Senior Accountant & Auditor Since the process of enhancing the lease accounting standard began in 2006, and given several delays of the implementation dates, it sometimes seemed as if the new standard would never become a reality. But the time...

Two key G.T. Reilly tax professionals retire

Jun 30, 2021

G.T. Reilly & Company bids farewell to two key members of our Tax Department who have retired this year. Carol A. Magyar, CPA, MST, retired this spring after 37 years with the firm. Carol provided tax compliance for corporations, individuals and trusts, as well as...