Ryan J. McDonell CPA, MSA Tax Manager At the end of 2017, the Tax Cuts and Jobs Act (TCJA) was enacted, providing sweeping changes to the tax code for both individuals and businesses. In order for Congress to get the TCJA to meet the $1.5 trillion budget goal, several...
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...
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...
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...
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Investors who purchase “qualified small business stock” may be eligible for a substantial tax benefit when they sell if the company that issued the stock fits the requirements of Internal...
Ryan J. McDonell, CPA, MSA Tax Manager If you’re seeing a lot more electric vehicles on the road, there’s good reason. Tax incentives for buying EVs have never been higher than they are right now, and millions of Americans are cashing in on the opportunity to leave...
