Stressors abound in our increasingly hectic days. Two worrisome issues that seem to be front and center in our lives today are long-term care and paying for college. So here at Surgent, we decided to put together an informative webinar on these two emerging practice areas. They’re topics that represent increased billables among practitioners, yet […]
Displaying: 2019
SECURE Act Included in Year-End Spending Package
After months of stalled progress in the Senate, Congress passed the Setting Every Community Up for Retirement Enhancement Act (“SECURE” Act). This bill was attached to H.R. 1865, the “Further Consolidated Appropriations Act, 2020,” a $1.4 trillion year-end spending bill that funds the Federal Government through September 30, 2020. President Trump signed the bill into […]
SALT-y High-Tax States File Appeal
The Tax Cuts and Jobs Act of 2017 (“TCJA”) was the most comprehensive overhaul of the Tax Code in over 30 years, but one of the most controversial changes was the limitation of the State and Local Tax (“SALT”) deduction. Prior to tax reform, taxpayers who itemized their deductions were eligible to deduct 100% of […]
Do Yourself and Your Clients a Favor – Attend Surgent’s Virtual Tax Conference 2019
It’s that time of year again. No, we’re not talking candy canes, presents under the tree, and the subsequent cherub in a top hat, sash, and diaper as Baby New Year in January, 2020. We are talking about our annual Virtual Tax Conference. This year’s offering should not be missed by any CPA or tax […]
Firm Spotlight: Fairman Group Family Office, Chesterbrook, PA
Our Firm Spotlight series aims to highlight exemplary accounting organizations across the country. This week we focus on The Fairman Group Family Office, based in Chesterbrook, Pennsylvania. This firm provides a full range of wealth management and tax advisory services to high net worth individuals and families in the Philadelphia area. Their experts holistically view […]
What Are the Top CPE Courses for CPAs in 2019?
CPAs know that staying updated on continuing professional education (CPE) credits is both essential for providing the best service to clients and also required to stay in compliance as practicing CPAs. But with continual updates to tax laws, ever-changing regulations, new standards to meet on a regular basis, and new technology coming to the industry, […]
Firm Spotlight: GMS Surgent, Devon, PA
The installment of our Firm Spotlight series highlights GMS Surgent. This Philadelphia-area firm specializes in individual advisory services, profitability analysis and performance management, and takes pride in their 35 years of serving both local and national clients. “Personal Attention – Valuable Results”, a cornerstone of the firm’s mission statement, reinforces GMS Surgent’s commitment to creating […]
401(k) Contribution and Catch-up Limits Rise for 2020
On November 6, 2019, the IRS announced in Notice 2019-59 the following cost-of-living adjustments for 2020: The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $19,000 to $19,500; The catch-up contribution limit for employees aged 50 and over who participate in […]
Random Musings on the Wealth Tax
By Nick Spoltore What image comes to your mind when you think about Robin Hood? Is it the incredibly charismatic Errol Flynn in The Adventures of Robin Hood from 1938? Perhaps you envision the 12th century English folk tale adventurer as depicted by Kevin Costner or Russell Crowe. My favorite would undoubtedly be Robin Hood […]
The 2019 Elimination of the Federal Individual Mandate: What You Need to Know for Tax Season
The Tax Cuts and Jobs Act brought about quite a few changes that went into effect in 2018, but several tax law updates weren’t slated to go into effect until the 2019 tax year. One of the biggest changes in 2019 is the federal level elimination of the individual mandate penalty, also called the Shared […]