Central and Eastern Pennsylvania’s distinct economic climate, conservative financial environment and geographic proximity to major markets have fostered a healthy and thriving manufacturing sector. These characteristics are also important factors…
Recent Insights
Accounting for Goodwill for Private Companies
Private companies will now have an alternative method for amortizing goodwill over a period of 10 years or less as a result of a recently issued Accounting Standards Update (ASU)…
PA New ID Verification for Tax Refunds
In response to growing identify theft concerns, taxpayers may need to complete an additional step before receiving their state tax return in 2014: identity verification. In an effort to combat…
2013 Year-End Planning: Now’s the Time to Review Your Written Capitalization Policies
Released in September, the new tangible asset regulations added a de minimis safe harbor rule. To take advantage of this change, now is the time to review your written asset…
Preparing for Year-End Physical Inventory Audit
The execution of your year-end physical inventory count represents the culmination of efforts from various internal departments and your external auditor. Internal personnel must coordinate activities to ensure the counts…