McKonly & Asbury News

McKonly & Asbury has a wealth of knowledge on current topics and trends to help organizations succeed. McKonly & Asbury News allows our readers to stay up-to-date with accounting, tax, and general updates as well as upcoming webinars and presentations to help your business profit. Check out our recent articles below, and feel free to explore all of our content within the various categories. To share in this expertise and ensure you receive updates as they are posted, subscribe to McKonly & Asbury News by clicking here.

Indirect Cost Rate Audits: The Basics

As a contractor or engineer you may have considered bidding on projects at some point in time that required an indirect cost (or overhead) rate audit. The information below will provide you with a basic understanding of what to expect during an indirect cost rate audit. Often times if you are working with a federal, […]

A Vacation Rental’s Impact on Your Personal Tax Return

While sitting on your beach chair in the hot sun with an order of boardwalk fries, you may think that now is the perfect time to buy that vacation home you have always dreamed of. However, before you buy, it is a good idea to know what impact that new purchase may have on your […]

Webinar – Accounting Technical Updates: What has the FASB been focused on?

McKonly & Asbury is pleased to announce our next webinar entitled “Accounting Technical Updates: What has the FASB been focused on?”  This webinar will take place on Tuesday, August 22nd, 2017. This webinar will be hosted by McKonly & Asbury Partner Janice Snyder and Partner Michael Hoffner. This webinar will present a high level overview of […]

Industry Report: Pharmacies and Drug Stores

This month’s Industry Report includes the metrics and common size information for Pharmacies and Drug Stores. You already have your financial statements in hand, you know your metrics, now let us provide some information that will help you see how you compare to your competition. We have provided key financial metrics through 2017 for Pharmacies […]

SSAE 18 and How it Impacts SOC Engagements

About this time last year, the American Institute of Certified Public Accountants (AICPA) released a new standard that will impact how accounting firms and service organizations will approach their SOC 1 engagements. Statement on Standards for Attestation Engagements (SSAE) No. 18 Attestation Standards: Clarification and Recodification does not provide wholesale changes to the SOC reporting […]

McKonly & Asbury Announces Promotions

McKonly & Asbury is excited to announce the promotions of six of our team members! We are fortunate to have some of the best and brightest talent in Pennsylvania working for us and we are proud to have them as part of the McKonly & Asbury team. Please join us in congratulating them! One team member was […]

Accountant Corner – 1099 Information

Accountant corner! 1099 Information from your preferred accountant partner, McKonly& Asbury, LLP. Hello SS Franchise Partners – Happy Summer! We are in the middle of the year and we wanted to touch base with you in regards to upcoming annual compliance relating to IRS Form 1099s. One of the best practices for 1099 requirements is […]

New Faces at McKonly & Asbury!

McKonly & Asbury recently welcomed one full-time hire and two summer interns to our team! These new team members come to us from various colleges, universities, and prior places of employment. We are excited to have them as part of our team and wanted to take a minute to introduce them to you! Read on […]

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