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.

Webinar Recap – 2017 Pennsylvania Tax Update: The State Budget and More

This webinar entitled “2017 Pennsylvania Tax Update: The State Budget and More,” was originally produced on Thursday, July 27, 2017. We hope that you enjoy the full recording of the presentation and additional resources offered below. This webinar was hosted by McKonly & Asbury Senior Tax Manager Michael Eby. The presentation provided an overview of the […]

McKonly & Asbury named a 2017 “Best Accounting Firm to Work For”

Accounting Today announced its 2017 Best Accounting Firms to Work For, and McKonly & Asbury is thrilled to announce that we have once again been named on this list! This marks the 6th time that McKonly & Asbury has made this national list of 100 firms identified as companies excelling in creating quality workplaces for employees. “The firms […]

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 […]

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