Ultimate Account Blog

Federal Tax Reform Part II – What to Expect in the Second Half of 2017

By Glenn James It’s been three months since the publication of our first article on tax reform titled: “Federal Tax Reform: What We Are Likely to See in 2017.” At least two major events discussed in that article have already transpired. First, with barely a moment’s hesitation, the U.S.…

Read more

Nonprofit Board Service – A Right or A Privilege?

Pretty much every parent of a 16- or 17-year-old has a discussion about the use of a vehicle. In order to convey their concern about their child’s safety, parents often indicate that driving is a privilege and not a right. The main difference is that a right is…

Read more

Is Saying “No” in the Workplace an Acquired Skill?

The South Central Pennsylvania workforce is known for its strong work ethic, which has its origins in the Pennsylvania Dutch culture.  With the rise in residential and commercial development and the decreasing farmland, people often lose sight of this cultural influence. Nevertheless, it is always there below the surface…

Read more

You May Be A Hotelier and Owe Taxes Without Knowing Either

Recently I received a notice from the Pennsylvania Department of Revenue regarding Pennsylvania’s Hotel Occupancy Tax. I was about to toss it in file bin number nine; however, I decided to read the notice in detail, knowing clients I serve may be getting similar communications. Many taxpayers have…

Read more

What You Need to Know About the WannaCry Ransomware Program

  Just days after President Trump signed a much-anticipated executive order on cybersecurity, a massive cyberattack—potentially the largest the world has ever seen, with more than 75,000 ransomware attacks in 153 countries—stole headlines. The “WannaCry” ransomware program hit organizations around the world on Friday, May 12, encrypting computer files…

Read more

2017 Tax Reform May Include Hidden Surprises

  As a decision maker in a multinational organization responsible for deploying employees around the world, you may have been wondering how the proposed tax reform under the Trump administration and current GOP Congress will affect your bottom line. The prospect of lower individual tax rates on the surface may…

Read more

Executive Actions by Trump Administration Cast Doubt on Tax Regulations Impacting Asset Management Industry

Summary On January 20, 2017, the White House chief of staff communicated President Trump’s plan for managing the federal process at the outset of his administration.  As part of this plan, the president’s appointees or designees are to be provided with sufficient time to review pending regulations.  In order to…

Read more

What Does a Tax Return Really Reveal?

As April beckons, thoughts of tax returns are common, not just in accounting firms, but for every person who has to file a return. Many people only think about their returns when they are due and when the topic of tax returns is in the news. The most prevalent…

Read more

Are Your Employees Nonessential?

We finally had the first substantial snowstorm of the year, so we were all subjected to the list of closings and delays on the bottom of local network television. One of the terms that always strike me during these announcements is “nonessential employees.” I realize that the term refers,…

Read more

Don’t slip on the reporting requirements of non-traditional insurance

Lately, the Affordable Care Act and its future have been daily topics in the news, but, for business owners, insurance is almost always forefront in their minds. Whether considering health insurance or workers’ compensation or general liability, trying to manage the costs of necessary insurance while still providing…

Read more