GT Reilly & Company is proud to announce it has named Kevin J. Bonnett, CPA, a Vice President and Shareholder of the firm. Kevin joined G.T. Reilly & Company in 2009 after receiving his Bachelor of Science in Business Administration from Stonehill College. He...
Whether dealing with your personal tax records or more complex business-related financial documents, how long should records be retained? Retention guidelines vary widely depending on the type of documents being considered, and as increasingly more records are being...
Charles R. Kennedy, CPA, MBA Vice President & Director If you own your company and travel for business, you may wonder if you can deduct the cost of taking your spouse on a business trip. The answer is, probably not, unless your spouse is an employee and fulfills...
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Interest rates can have a significant impact on businesses, as we have seen over the past year. And often, smaller businesses feel the impact first. Profit margins and cash reserves can take a...
Ryan J. McDonell, CPA, MSA Tax Manager The IRS on September 8, 2023, issued preliminary guidance on the amortization of research expenses and announced forthcoming proposed regulations related to tax treatment of Sec. 174 specified research or experimental (SRE)...
Ryan J. McDonell, CPA, MSA Tax Manager The Employee Retention Credit (ERC) is still very important for many American businesses that continue to take advantage of the COVID-19-era tax break. However, recent events have caused the IRS to halt the processing of new...
