Employee Retention Tax Credit Update

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...

Two key G.T. Reilly tax professionals retire

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...

Tax obligations apply to ‘gig’ workers, too

Before the Covid-19 pandemic, the number of people engaged in the “gig” or sharing economy was rapidly growing. Now that many businesses are reopening, some workers are deciding to embrace the independence of gig work or freelancing. If you are one such...