News

TEG Professionals Attend AM&AA Branch Winter Event

Trout, Ebersole & Groff, LLP professionals attended the AM&AA Central PA Branch Winter Event on Tuesday, February 13, 2018. The event featured speaker Steven P. Burke, President of Surface Preparation Technologies, headquartered in Mechanicsburg, PA. 

Steve joined Surface Preparation Technologies in 2013, originally as CFO. He initially reported to H. Matt Johnson, President and founder of the Company. When Mr. Johnson retired in 2015, he was promoted to President and Treasurer. Steve and the Management team continued to grow the SPT business, and upon Branford Castle's acquisition of the Company in 2017, he became President and CEO. Steve is responsible for all operations including manufacturing, sales and marketing, finance and administration. Prior to joining SPT, he served as CFO at several private equity backed or privately held companies including Bell & Howell, Endicott Interconnect Technologies, Mirion Technologies, and Imaging & Sensing Technology Corp. Steve earned his M.B.A. from the University of Buffalo and a B.S. in Accounting from Clarkson University. He currently resides in the Mechanicsburg area.

For more infomation on AM&AA Central PA Branch and to view upcoming events, visit www.amaaonline.com/central-pennsylvania-branch.

AM&AA Central PA Branch Committee

AM&AA Central PA Branch Committee with speaker Steve Burke (center).

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Speaker Steve Burke shares his experience at the AM&AA Central PA Branch Winter Event.

TEG Names Tim Miller to Partnership

Trout, Ebersole & Groff, LLP is pleased to announce that Timothy (Tim) Miller, CPA, was admitted to the firm’s partnership effective January 1, 2018.

“We are pleased to welcome Tim to the TEG partnership,” said Todd Harrington, Managing Partner. “Tim’s responsibilities include overseeing our Entrepreneurial Business Services, including the expansion of our individual and business tax planning and preparation services, for our small business segment,” said Harrington.

Tim has been with the firm for over 13 years and serves a wide array of clients in the medical, dental and real estate industries.  His responsibilities include all aspects of tax planning and preparation, as well as business consulting for many of the firm’s clients.

Tim is a graduate of Grove City College with a degree in Finance. He is a member of the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants.  Tim currently serves on the firm’s Healthcare Industry Group, Entrepreneurial Business Services Group, and the Business Development Committee.

Michael Carr Shares Tax Tips for Scouting Leaders

Michael C_BIO_2017- Cropped.jpgTrout, Ebersole & Groff, LLP Manager and Eagle Scout, Michael Carr, CPA, shares tax tips for deducting scouting expenses on tax returns in Scouting Magazine’s latest blog.

Michael also provides insight as to what the new tax laws will mean for scout leaders. He explains, “The threshold for itemizing (filling out the Schedule A) will increase from $12,700 for a married-filing-jointly (MFJ) return in tax year 2017 to $24,000 for an MFJ return in tax year 2018.

As a result, a lot of the detailed tracking Scout leaders may have done in the past for charitable givings will no longer be necessary in 2018.

Unless charitable givings, mortgage interest, and state and local tax deductions are greater than $24,000 (MFJ) or $12,000 (Single), a Scout leader won’t be itemizing, and as a result the charitable donation won’t be deductible.”

To read the full blog, go to https://blog.scoutingmagazine.org/2018/02/06/tax-time/ or contact Michael Carr, CPA at mcarr@troutcpa.com.

TEG Sponsors the 2018 Groundhog Day Investment Forum

 

Groundhog Day Investment Forum

Rich Juliano COO at Emerald Asset Management (left) and Brian Wassell, CPA, Partner at TEG (right)

Trout, Ebersole & Groff, LLP has had the pleasure of being one of the Groundhog Day Investment Forum sponsors for the past four years.  Brian Wassell, CPA, Partner represented Trout, Ebersole & Groff at this year’s forum which took place in Philadelphia, Pennsylvania on February 1, 2018.

Each year, Emerald Asset Management and the event’s sponsors announce the E-3 Award winners.

“This unique award was created to recognize leaders who epitomize the qualities that are inherent in today’s most successful business leaders – qualities that reflect an entrepreneurial spirit and a commitment to excellence,” Joseph Besecker, President of Emerald Asset Management.

The 2018 E-3 Award Winners are:

Public Company Executive Award: Alan Masarek, Chief Executive Officer, Vonage Holdings Corp

Science and Technology Executive Award: Jason N. Gorevic, Chief Executive Officer, Teladoc Inc.

Green Company Award: James S. “Chip” Mahan III, Chairman & CEO, Live Oak Bancshares, Inc.


For more information on the 2018 Groundhog Day Investment Forum, visit http://www.digitaljournal.com/pr/3648050#ixzz56R41FnnL.

 

Tax Season Extended Hours

Trout, Ebersole & Groff, LLP will have extended business hours starting January 27, 2018 through April 17, 2018, for the 2018 tax season.

Monday-Friday 7:30 am -   6:00 pm
Saturday:       8:00 am - 12:00 pm

Our offices will be closing at noon on Tuesday, April 17, 2018.

Please contact us if you have any questions.

The Future of Overtime Pay In PA

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On January 17, 2018, Governor Tom Wolf announced a proposal to change Pennsylvania’s overtime rules. The plan, which is part of his “Jobs That Pay” initiative, would extend overtime to more salaried employees by increasing the salary threshold that requires employers to pay overtime to most salaried workers.Governor Tom Wolf explains, “It’s simple, if you work overtime, then you should get paid fairly for it. This important step will put more money into the pockets of hardworking people and will help expand the middle class in Pennsylvania.”

The Governor’s proposal includes raising the overtime eligibility salary level for most. Below is a chart illustrating the increased salary threshold, which will be phased in over a four-year period.

 

Proposed Salary Threshold for Overtime Eligibility

 

Current

January, 1, 2020

January, 1, 2021

January, 1, 2022

Weekly

$455

$610

$766

$921

Annually

$23,660

$31,720

$39,832

$47,892

The salary threshold will update automatically every three years, starting in 2022.

Governor Wolf’s proposed changes are thought to extend overtime eligibility to 460,000 workers in Pennsylvania, once fully implemented. Rep. Jordan Harris said, “The Governor’s proposal will give many working families in PA an increase in their income and will make sure they are paid for the hard work they are doing.”

To help employers know if an employee qualifies for overtime, they will be clarifying the duties for executive, administration, and professional workers.

In order for Governor Wolf’s proposal to become law, it would need to be approved by a five-member board, which includes two Republican lawmakers and two Democratic lawmakers. The Department of Labor & Industry is finalizing a plan to "modernize rules and clarify requirements" and anticipates releasing the proposed to update regulations in March.

For additional payroll information and forms, click the button below.

2018 Payroll Information and Forms

 

Disclaimer

TEG Welcomes QuickBooks ProAdvisor Karen Feister

Karen Feister crop 3.jpgTrout, Ebersole & Groff, LLP (TEG) is pleased to announce the hire of Certified QuickBooks® ProAdvisor, Karen L. Feister. Karen Feister is TEG’s newest Client Accounting Services (CAS) team member. Karen has over twenty years of QuickBooks experience in various industry groups including construction, property management, insurance, private school, small businesses, and nonprofit entities.

Karen is a Lancaster County native. After graduating from Penn Manor High School, she attended Millersville University where she obtained a Bachelor’s of Science degree in Business with a concentration in Accounting.

Karen lives in Columbia, Pennsylvania with her husband, Craig, and has three adult sons and three grandchildren. In her free time, she enjoys spending time with her family, biking, reading, and walking.  

TEG Welcomes New Staff Accountant, Emily McGraw!

Trout, Ebesole & Groff, LLP is pleased to welcome Emily A. McGraw to our firm.  As a Staff Accountant, Emily will not only be a member of our tax and audit team but will also be a key professional in TEG’s new cybersecurity team.

Emily remembers her passion for accounting started at a young age, “Since I was in kindergarten, I have wanted to pursue accounting and my interest has only increased from my coursework and experience.” Emily graduated from Robert Morris University in December 2017 with a B.S.B.A. in Accounting and an M.S. in Cyber Security and Information Assurance. While attending Robert Morris University, she participated in several internship programs, including one at TEG, which allowed her the opportunity to apply the knowledge she obtained.

Emily enjoys hiking, playing tennis, and attending local festivals and plays. She also has a passion for children’s education and for helping others. In a recent three-week trip to Kathmandu, Nepal, Emily volunteered at the OCCED orphanage where she taught grades 1-6, helped the children with their homework, and played with them. While in Nepal, Emily participated in a Nepali language lesson and took a cooking class to learn how to make momo (Nepalese dumplings).

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Courtney Allen Earns the Designation of Certified Public Accountant

We are pleased to announce Courtney Allen, a staff accountant at Trout, Ebersole & Groff, LLP (TEG), has earned the designation of Certified Public Accountant (CPA).

Courtney’s career at TEG started as a summer intern, during the summer of 2015. In the fall of 2016, Courtney accepted a full-time position as a staff accountant.  Courtney attended Messiah College where she achieved a bachelor of science degree in accounting with a minor in Cross Cultural Ministries.

As a staff accountant, Courtney specializes in employee benefit plans, Not-for-profit entities, and individual tax work.

We wish to congratulation Courtney on this significant milestone in her professional career.

Megan Senkowski, CPA, Passes the AICPA Advanced Defined Contribution Plan Audit Certificate Exam

We are pleased to announce Megan Senkowski, CPA, has passed the AICPA Advanced Defined Contribution Plan Audit Certificate Exam. This examination tests an auditor’s ability to plan, perform, and evaluate define contribution plans in accordance with AICPA standards and DOL rules and regulations.

Megan is an Audit & Attest Manager with Trout, Ebersole & Groff, LLP and has over 15 years of experience in public accounting. As a Manager, Megan handles all aspects of audit engagements, business consulting, and financial statement preparation for some of the firm’s significant clients.

Congratulations, Megan, on this accomplishment.

IRS Notice 1036 - New 2018 Withholding Tables

The Internal Revenue Service (IRS) released copies of the 2018 percentage method tables for income tax withholding which reflect the new tax law. The withholding tables are used by payroll professionals to determine how much tax they need to withhold from each employee’s paychecks based off of their wage, marital status, and also the number of withholding allowances.

The IRS has instructed employers to use the 2018 withholding tables as soon as possible, but no later than February, 15, 2018.

For more information on the IRS Notice 1036, click HERE.

Carol Roland Presents at LLSBO Meeting in Lancaster

Carol Roland, CPA, CFE, CGMA, MBA, and partner at Trout, Ebersole & Groff, LLP, gave a presentation at the Lancaster-Lebanon School Business Officials (LLSBO) meeting in Lancaster, PA.

On Thursday, January 4th, Carol spoke on “Government Accounting Standards Board Statement No. 75 Accounting and Financial Reporting by Employers for Postemployment Benefits Other than Pensions (OPEB).”  

LLSBO is a regional chapter of the Pennsylvania Association of School Business Officials (PASBO). PASBO is a statewide association, 3,000 members strong devoted to providing members with education, training, professional development and timely access to legislative and policy news. The membership base covers school professionals working in finance, accounting, operations, facilities, transportation, food service, technology, communications, human resources, purchasing and safety services. While diverse in areas of specialty, all members share a common goal - to support classroom learning in schools during good and bad economic times through smart business practices. PASBO helps make that goal a reality.

Regional chapters are the driving force behind the success of PASBO. Being on the local level, regional chapters are able to recruit professionals and experts who can speak to groups about specific issues within their area of the state. Mentors can help ease the transition into a school business official's position for those who are new to the field. PASBO board liaisons provide feedback and insights to regional chapter officers whenever necessary. By joining and actively participating in regional chapters, school business officials stay informed, educate others and help the association continually make progress.

TEG 2017 In Rewind (Video)

We would like to extend our appreciation to our family, friends, professionals, and clients for helping to make 2017 so great! Click the video below to watch our highlights from 2017.


 

Krista Showers Serves as Preliminary Judge for PA FBLA Event

Krista Showers, CPA, CEBS, partner at Trout, Ebersole & Groff, LLP, served as preliminary judge of the Pennsylvania Future Business Leaders of America (FBLA) Partnership with Business event for the 2018 State Leadership Conference.  As such, she was one of five judges that reviewed all financial business plans.

The FBLA helps students develop leadership abilities, and prepare for entry into, and advancement within, a business or business-related occupation. Members learn how to engage in business enterprise, how to direct the affairs of a group, and how to compete honorably in competitive events. These activities help prepare students to be better employees and better citizens.

Timothy R. Gallagher Appointed to Lancaster Dollars for Higher Learning Board

Timothy R. Gallagher, CPA, CFE, CGMA has been appointed to Lancaster Dollars for Higher Learning board as assistant treasurer. He is also a member of their Executive Committee and is chair of their Finance Committee.

Timothy joined Trout, Ebersole & Groff, LLP in 2013. He graduated from Millersville University with a Bachelor of Science degree in Business Administration with a concentration in Accounting and a minor in Spanish. He currently serves on the firm’s Healthcare and Multistate Taxation Practice Groups. Tim is also a member of the Business Development Committee.

As a Tax Supervisor, Tim handles all aspects of tax services, including planning, executing, leading and completing tax engagements, preparing and reviewing partnership, corporate and individual income tax returns, as well as compiled financial statements.

Lancaster Dollars for Higher Learning is a non-profit organization that provides interest-free loans to students from Lancaster County, PA in support of their post-secondary educational goals.

Leah Leaman Earns Certified Public Accountant (CPA) Designation

We are pleased to announce Leah Leaman, a staff accountant at Trout, Ebersole & Groff, LLP, has earned the designation of Certified Public Accountant (CPA).

Leah, a 2015 Messiah College graduate, joined Trout, Ebersole & Groff, LLP in 2016.  As a staff accountant, Leah specializes in employee benefit plans, government agencies, and for-profit entities. In addition, Leah also prepares individual income tax returns during tax season.

Congratulations Leah on this significant milestone in your professional career.

TEG Presents to Lancaster Bar Association

Lancaster Bar Association- Jan 4 2018- 2.jpgOn Thursday, January 4, 2018, Trout, Ebersole & Groff, LLP spoke at the Lancaster Bar Association Continuing Legal Education seminar about a variety of "taxing" issues.

Robin Bodine, CPA, Partner discussed the changes the Tax Cuts and Jobs Act will have on individuals and businesses, and Sandy Nonnenmocher, CPA, MST discussed the new partnership audit rules. TEG’s IT Manager, Tony Miscavige, CPA, CBCP, also spoke on cyber security and enhancing the security of your organization.

The Lancaster Bar Association is a professional organization for attorneys who are committed to providing Continuing Legal Education. For more information about the Lancaster Bar Association, click HERE.

2017 Payroll & Business Seminar

Trout, Ebersole & Groff, LLP's Annual Payroll & Business Seminar was held on December 13, 2017.  Click the button below to view key takeaways from each presentation and to access 2018 payroll forms.

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Thomas Young Earns the Designation of Certified Public Accountant (CPA)

Trout, Ebersole & Groff, LLP is pleased to announce Thomas Young, a senior accountant at Trout, Ebersole & Groff, LLP, has earned the designation of Certified Public Accountant (CPA). This prestigious certification indicates Thomas has completed the necessary education and experience requirements and has passed the uniform Certified Public Accountant examination. In addition to earning his CPA designation, Thomas completed his MBA at Robert Morris University.

Thomas joined Trout, Ebersole & Groff, LLP in 2015 as a staff accountant and was promoted to a senior accountant in 2017. As a senior accountant, Thomas works in our tax department and is responsible for preparing tax returns for individuals, businesses, and nonprofits, as well as assisting clients with tax notices.

We wish to congratulate Thomas on this significant milestone in his professional career.

Blanket Lancaster Drive

Present-01.pngTrout, Ebersole & Groff, LLP is pleased to announce 130 blankets and 26 pillows were donated to the Community Action Partnership (CAP) of Lancaster and the Domestic Violence Shelter (DVS) for Women and Children. CAP reaches 30,000 low-income families through services that support child development & education, health and nutrition, household stability, and violence prevention to help them to work toward long term self-sufficiency.

We would like to extend our appreciation to the TEG's professionals, clients, and friends who contributed to this year’s drive! 

Trout, Ebersole & Groff, LLP Announces New Tax Senior 2 Accountant

New Hire Michael T- BEST.jpgTrout, Ebersole & Groff, LLP is pleased to announce Michael Taddeo, CPA has joined the firm as a Tax Senior 2 Accountant. Michael graduated from Kutztown University in 2013 with a Bachelor of Science Degree in Accounting and is currently working towards a master’s degree in accounting from Southern New Hampshire University.

Prior to his employment at Trout, Ebersole & Groff, LLP, Michael was a Senior Tax Accountant at RKL for approximately four years, during which he worked with corporate and multi-state clients.

Michael lives in Ephrata with his wife, Mary, and son, Ben. In his free time, he enjoys hiking, scuba diving, and spending time with family.

Trout, Ebersole & Groff, LLP Announces New Audit Supervisor

Trout, Ebersole & Groff, LLP is pleased to announce Brian Pennington, CPA has joined the firm as an Audit Supervisor in our Capital Region office. Brian graduated from Messiah College in 2011 with a Bachelor of Science Degree in Accounting and obtained his CPA designation in 2014.

Prior to his employment at Trout, Ebersole & Groff, LLP, Brian was an auditor for an accounting firm in DC, during which he worked on government contractors and employee benefit plans. Brian also has two years of experience as a controller for a small business.  As a controller, his primary responsibilities included business accounting, IT, and HR operations. Brian also was responsible for creating budgets and tax projections to assist the business in its financial goals. In addition, he oversaw the administration of the company's various benefit plans, including the 401(k) Plan, the company ESOP Plan, and medical benefits.

In his free time, Brian enjoys playing recreational sports such as flag football and soccer, as well as spending time with his family and friends.

Trout, Ebersole & Groff, LLP Announces New Hires

Trout, Ebersole & Groff, LLP is pleased to announce the hire of Certified QuickBooks ProAdvisor, Cindy Sensenig, and Office Manager, Alycia Billy.

Get to know TEG’s new professionals!

Cindy Sensenig Cindy 2.jpg

Cindy is a Certified QuickBooks ProAdvisor with over 15 years of bookkeeping experience. She specializes in the construction field and job costing. Cindy, Hempfield High School and Palmer Business School alumni, has a passion for helping people. In her free time, she enjoys spending time outdoors with her daughter, dog, and cat.

 

Alycia Billy

Office Manager, Alycia Billy, brings over 15 years of management experience to TEG. Our firm’s stout reputation within the community for providing Office Manager Square Crop.jpgexceptional service and unceasing relationships is what persuaded Alycia that TEG was the right fit for her.  Alycia embodies TEG’s core principals and is actively involved within our community.  She is Board Secretary of SPOTVB and also volunteers at Garden Spot Retirement Community. Alycia enjoys baking, reading, and spending time with her family.

Trout, Ebersole & Groff, LLP Acquires Wolfe Valuation LLC

On October 20, 2017, Trout, Ebersole & Groff, LLP announced the acquisition of Wolfe Valuation LLC.   Wolfe Valuation LLC was formed by W. Michael Wolfe, CPA/ABV, CVA in 2015.

"We are so pleased and very fortunate to have the opportunity for Mike Wolfe to join our team,” said Todd Harington, CPA, Managing Partner.  As a highly regarded business valuation specialist and management consultant, Mike will bring expertise to the firm's clients through his knowledge of business valuation, value optimization, and fair value GAAP/IFRS reporting. Additionally, he has substantial experience with mergers and acquisitions, valuing business enterprises and closely-held securities, and intellectual property.

Mr. Wolfe has joined Trout, Ebersole & Groff as a Partner.  Prior to forming Wolfe Valuation LLC, Mike spent 13 years as a Valuation Services Partner and Practice Leader with large regional and national accounting and advisory firms in the Philadelphia market where he devoted his entire practice to business valuation and related advisory services.

Over his career, he has valued hundreds of businesses and intangible assets for a wide range of companies including early-stage enterprises to middle-market and public companies.  He has also served as an expert witness in legal proceedings relative to valuation issues.

Mr. Wolfe is a frequent speaker on business valuation, intangible asset valuation, and fair value accounting.  He currently serves as the President of the PA East Chapter of NACVA, is a member of the PICPA Business Valuation Committee, and is an Adjunct Professor of Accounting in the MBA Program at USciences in Philadelphia.  He holds a B.S. degree in Accounting from Elizabethtown College, is a CPA, a Certified Valuation Analyst (CVA) and Accredited in Business Valuation (ABV) by the American Institute of CPAs.

TEG Announces New Hire

Trout, Ebersole & Groff, LLP is pleased to announce that Michelle Greiner, CPA, has joined our team of accounting professionals. As a Senior Accountant with over 15 years of experience, Michelle will handle all aspects of tax services for both individuals and small businesses including tax return preparation, tax planning, and tax notices.

Michelle graduated from the University of Pittsburgh with a Bachelor of Science degree in Accounting and a minor in History. She is a member of the AICPA and PICPA and is actively involved in helping at her children’s schools and volunteering at the Water Street Mission.

In her free time, Michelle enjoys hiking, reading and spending time with her husband, and three children.

TEG Voted #1 Accounting Firm 9 Years in a Row

Trout, Ebersole & Groff, LLP would like to thank the readers of Lancaster County Magazine for voting us #1 Accounting Firm again in 2017! We are honored and humbled to have received this award since 2009.

We would also like to congratulate Partner Brian Wassell, CPA, CM&AA on being voted #1 Accountant by Lancaster County Magazine’s readers. Brian has been awarded #1 Accountant four times since 2013.

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Click HERE to see who else was voted as Best of Lancaster.

Lancaster County Magazine's "Best of Lancaster" Reader's Survey is the area's original reader's poll.  Established in 1990 featuring results determined by reader feedback, the "Best of Lancaster" Readers' Survey has become a touchstone for excellence among local businesses and organizations.

TEG Professionals Attend the AM&AA Central PA Chapter Fall Meeting

Trout, Ebersole & Groff, LLP professionals attended the AM&AA Central PA Chapter Fall Meeting on Tuesday, October 10, 2017.  During the event, Jim Gibson, former Chairman, President, and CEO of Integrity Bank, shared his experience and advice for selling a business.

Jim is no stranger when it comes to starting, growing, and selling a business. He served as Chairman, President, and CEO of Integrity Bank from its inception in June 2003 until it was acquired by S&T Bank in May 2015 at the second highest price of any U.S bank since 2008.

Below are TEG’s Top 3 Takeaways from Jim Gibson’s presentation.

1.  "You don’t sell your business for where you are today, but where you will be in the future through perceived value.” - Jim Gibson

By showing the prospective buyer your consistent growth for at least three years, you can help to validate your business’s future growth.


2.    "You go first, you lose!” - Jim Gibson

Just like dating, it is all about the chase! You want the buyer to have an emotional response to the sell, so it’s important to have the buyer make the first offer. Even if a buyer asks, "What will it take to buy your business?”, you should still have them make an offer in order to maximize your sale price.

3.    Hire a Professional

Selling your business’s product or service is not the same as selling your business! Business valuation is a complex process requiring a broad knowledge of accounting, finance, economics, taxation, and business. Additionally, expert application of generally accepted valuation methodologies and diligent adherence to professional standards is imperative.

Is your company looking to sell, acquire or merge? Trout, Ebersole & Groff’s team of experienced Business Valuation and M&A Experts are here to help! For more information, please contact Brian Wassell at bwassell@troutcpa.com or call 717-569-2900.

 

Chapter Sponsors

BNY Mellon Wealth Management, Trout, Ebersole & Groff, LLP- CPAs, Stellar Partners LLC, McNees, Wallace & Nurick LLC

Media Sponsor

Central Pennsylvania Business Journal

For more information about the AMAA Central PA Branch, click HERE.

Joshua Gustafson and Joshua Lytle Earn CPA Designation

Trout, Ebersole & Groff, LLP is pleased to announce Joshua Gustafson and Joshua Lytle have earned the designation of Certified Public Accountant (CPA). This prestigious certification indicates they have completed the necessary education, fulfilled the experience requirements, and have passed the uniform Certified Public Accountant examination which covers auditing and attestation, business environment and concepts, financial accounting, and reporting regulation.

We wish to congratulate Josh Gustafson and Joshua Lytle on their achievements and for the contributions they have made to our TEG team.

 

Joshua Lytle

Joshua Lytle is a Lebanon Valley College alumnus. He holds a bachelor of science degree in accounting and another in economics. He joined the TEG as an intern in 2015 and was hired full-time in August 2016.

Joshua is a member of the firm’s construction and manufacturing practice groups and is a part of our tax notice team. He works on corporate audits, reviews, and comps as well as non-profit tax and attest engagements. In addition, he also works on business and individual tax returns.


Joshua Gustafson

Joshua joined Trout, Ebersole & Groff, LLP in 2015 as an intern and was hired as a Staff Accountant in 2016. He works on Employee Benefit Plans (EBP), government audits as well as corporate reviews and tax.

Joshua holds a bachelor’s degree in accounting from Messiah College with a minor in philosophy. Joshua is also the Assistant Varsity Coach at Trinity High School for the boys’ soccer team.

Angela Martin Earns CPA Designation

Angela Martin, a Staff Accountant at Trout, Ebersole & Groff, LLP, has earned the designation of certified public accountant (CPA). This prestigious certification indicates Angela has completed the necessary education and experience requirements and has passed the uniform Certified Public Accountant examination. The four-part CPA examination covers auditing and attestation, business environment and concepts, financial accounting and reporting regulation.

Angela joined Trout, Ebersole & Groff, LLP in 2015 as an intern and was hired as a Staff Accountant in 2016. She specializes in Employee Benefit Plans (EBP), government audits as well as corporate reviews and tax preparation.

Angela holds a bachelor’s degree in accounting from Messiah College. She’s a member of the AICPA, PICPA and Lancaster Young Professionals.

We wish to congratulate Angela on this significant milestone in her professional career.

TEG Offices Will Be Closed on Labor Day 9/4/17

Our offices will be closed on Monday, September 4th in observance of Labor Day. We wish you and your family a safe and happy Labor Day weekend!

Rebecca Shirk Earns CPA Designation

Trout, Ebersole & Groff, LLP is pleased to announce that Rebecca Shirk has earned the designation of Certified Public Accountant (CPA).

Becca is a vital part of our TEG team! She specializes in audits, tax, employee benefit plans, non-profit organizations and corporations.

We would like to congratulate Becca on this important milestone in her professional career.

TEG offers QuickBooks Desktop Classes

Whether you’re new to QuickBooks® Desktop, need a refresher, or you want to learn how to prepare your QuickBooks® file for year end, Trout, Ebersole & Groff, LLP has a class for you!

Classes take place from 8:30am-12:00pm at The Digital Workshop, which is conveniently located off Route 283 & Route 30 at 1630 Manheim Pike, Lancaster, PA 17601. The cost is $100/class.


Tuesday, September 19th: Introduction and Beyond

Are you a brand new or beginner QuickBooks® Desktop user looking to get a better understanding of the program’s fundamentals? QuickBooks®: Introduction & Beyond class, led by CPA and QuickBooks® ProAdvisor Sharon Sacks, will teach users how to navigate through the software, record deposits and disbursements, reconcile a bank account, set up users and preferences, and work with lists and reports. Depending on the class participants' experience, interest and desired pace of learning, students will learn efficiencies, customizations and shortcuts to make the most of the program’s features. 

If you’re relatively new to QuickBooks® Desktop, this introductory class is for you! Our small group classes, with a maximum class size of 6 students, allows for a personalized class setting. Computers are provided for hands-on experience. Sign up today for just this class or take all three QuickBooks® classes for a well-rounded understanding. 

Click HERE to register!

Wednesday, September 20th: Accounts Receivable
The accounts receivable class enables users to effectively coordinate invoicing and receiving payments from customers. Students will learn how to create and customize invoices and statements, receive payments and assess finance charges. Issuing credits, sales tax, and aging reports are also reviewed.
Click HERE to register! 

Thursday, September 21st: Accounts Payable The Accounts Payable class, led by ProAdvisor Krista Gagliardo, gives users the tools needed to manage accounts payable and banking transactions through QuickBooks®. Accounts payable topics will cover entering and paying bills, reviewing aging reports, sales tax, and 1099s. Banking transactions covered include recording checks and deposits, transferring funds, credit card purchases, and bank reconciliations.

Click HERE to register!


Thursday, November 30th: Preparing for Year End
Save time and money this year by learning how to prepare your QuickBooks file for year-end and tax preparation before you submit it to your accountant. During the class, we’ll review bank reconciliations, accounts payable, accounts receivable and payroll. We’ll also cover how to clean-up these areas, if necessary. In addition, we will discuss 1099 & W2 set up and printing (in-house payroll only) and go over information you should gather for your accountant.
Whether this is your first year preparing for year-end or fifth year, this class will alleviate the stress of getting your QuickBooks file closed and ready for the new year! Our small group classes, with a maximum class size of 6 students, allows for a personalized class setting. Computers are provided for hands-on experience.

Click HERE to register!

*Please note that this class is taught using QuickBooks desktop version also called Pro, Premier, or Enterprise. It will not use either the QuickBooks Mac or QuickBooks Online version applications. Please contact us if you have questions about the version.
Ask us about our Group, Custom, Non-Profit & Veteran rates!

TEG Welcomes New Hires

Trout, Ebersole & Groff, LLP is pleased to welcome Korin Martin, Hannah Baumer, and Josiah Schendel to our team of accounting professionals.


Get to know TEG’s new professionals!


Korin Martin

Korin is a Lancaster County native. After graduating from Manheim Central High School, she earned her Bachelor of Science degree in Accounting from Messiah College.

Korin decided to become an accountant after taking an accounting class in high school.  "I enjoyed how logical accounting was and the continuous learning that would be necessary to stay up-to-date with the latest business and tax laws and trends,” said Korin.


Hannah M. Baumer

Messiah College alumni, Hannah Baumer, developed a love for accounting in high school.

"I took my first accounting class in high school, and all of the material clicked.  I loved the class! It became something I could see myself enjoying as a profession,” recalls Hannah.

Hannah also enjoys hiking, playing volleyball, and cooking.


 Josiah Schendel

Josiah graduated in May of 2017 from Lebanon Valley College with a Bachelor of Science degree in Accounting. Josiah is not only passionate about accounting but enjoys being physically active and exploring Lancaster City.  His favorite part about being an accountant is building relationships with his clients and helping their business to succeed.

TEG Wins 2nd Place at the Harrisburg Mile

Trout, Ebersole & Groff, LLP had 20 professionals participate in this year's Harrisburg Mile Corporate Challenge. The 1 mile race benefitted the East Shore YMCA to help support its programs and scholarships.

We'd like to congratulate TEG's Team 1 for winning 2nd Place in the Corporate Challenge and TEG Intern, Tom Fitzgerald, for earning 2nd Place Overall with a run time of 4:46.51! Great job to everyone who participated in the race, despite the rain.

2017 Race Results

TEG Announces Employee Promotions

Trout, Ebersole & Groff, LLP is very pleased to announce the promotions of the following employees.

Manager

  • Megan Senkowski
  • Randall Weaver

Supervisor

  • Tiffany Bender

Senior Accountant 1

  • Corey Eshelman
  • Jensen Appleman
  • Thomas Young
  • Chris Stetler

TEG would like to congratulate these employees and wish them continued success in their new roles!

TEG Ranked in the top Three for Best Accounting Firm

The results for Central Penn Business Journal’s Reader Rankings are out!  Trout, Ebersole & Groff, LLP would like to thank you for voting us in the top three Best Accounting Firms for CPBJ’s first ever Reader Rankings!

Central Penn Business Journal’s "Reader Rankings" is a survey which allows consumers to vote for the businesses which they believe are the best in Central Pennsylvania. At Trout, Ebersole & Groff, LLP, our professionals strive to provide the highest level of quality service to each client. Thank you for trusting your financial & business strategy needs to TEG. 

Independence Day Holiday Hours

In honor of Independence Day, our offices will be closed on Monday, July 3rd  & Tuesday, July 4th. We will reopen on Wednesday, July 5th.

We wish you and your family a safe and happy holiday!

Matthew E. Burkhart Earns CPA Designation

Trout, Ebersole & Groff, LLP is pleased to announce Matthew E. Burkhart has earned the designation of Certified Public Accountant (CPA).This prestigious certification indicates Matt has completed the necessary education and experience requirements and has passed the uniform CPA examination. We wish to congratulate Matt on this significant milestone in his professional career.

Sean Post, CPA Graduates From Leadership Lancaster's Core Class!

Lancaster Leadership's Core Class is not in a school or for the standard student! This nine month program is geared towards advancing participants' knowledge of Lancaster County and to improving their leadership skills with the intent to better help serve the volunteer community. 

Participants attend twelve full day sessions and one evening session. During their training, they learn about

  • public education
  • public policy
  • economic development
  • law & justice
  • arts community
  • health and human services

Upon graduation, participants have learned skills such as negotiation, collaboration and team building, trusteeship, visioning, conflict mediation and resolution, facilitation, personal evaluation, problem solving and decision making to develop them into Lancaster County community leaders.

Leadership Lancaster was an incredible experience that provided insight into so many different aspects of Lancaster County.  I gained knowledge and resources that will help me be successful in my servant leadership roles." - Sean Post, CPA

For more information about Leadership Lancaster's Core Class, clickHERE.

TEG Partner Brian Wassell Attends AICPA's G400 Community Meeting in Chicago

Trout, Ebersole & Groff, LLP was represented by partner and CPA Brian Wassell at the (AICPA) American Institute of Certified Public Accountants' G400 Community Meeting in Chicago. This unique event provided an opportunity to network and share best practices with other top CPA firms. Brian was able to learn more about cyber security, growth strategies, leadership strategies, among other current accounting topics.

Memorial Day Hours

In honor of Memorial Day, our offices will be closed on Friday, May 26th through Monday, May 29th. We will reopen on Tuesday, May 30th.

We wish you and your family a safe and happy holiday!

Megan Senkowski, Nicole Cradic & Krista Showers Present at PICPA Employee Benefit Plan Conference

Megan Senkowski, Nicole Cradic, and Krista Showers, all CPAs at Trout, Ebersole & Groff, LLP, attended the Pennsylvania Institute of Certified Public Accountants (PICPA) Employee Benefit Plan Conference on May 18th in Lancaster.  Megan, Nicole, and Krista spoke on "Beyond 401(k) Plans – A&A Considerations for Other Employee Benefit Plans.”

The PICPA Employee Benefit Conference offers essentials to auditors of employee benefit plans and covers the latest technical standards, compliance rules and regulatory issues related to such audits.

PICPA is the premier statewide resource for top-class continuing professional education programs, professional networking, business-friendly advocacy, thought leadership, and a full range of services for accounting professionals.  PICPA’s programs and services are a springboard for growing camaraderie, confidence, and commitment in the world of accounting.

Krista serves on the PICPA Employee Benefits Plan Committee including the conference planning and technical subcommittees.

Krista Showers Presents at Annual PAFPC Conference in Seven Springs

Krista Showers, CPA, CEBS, and partner at Trout, Ebersole & Groff, LLP, gave two presentations at the 48th Annual Pennsylvania Association of Federal Program Coordinators (PAFPC) Conference in Seven Springs, PA.

On Monday, May 8th, Krista spoke on "Proper Use & Fiscal Accountability for Title I Funds to Meet Student and Teacher Needs” and "Top 10 Audit Findings – Things That Will Cost Your School Money & Negatively Impact Achievement.”  These sessions were part of the Pennsylvania Inspired Leadership (PIL) Program.  PIL is a statewide, standards-based continuing education program for school and system leaders.  This comprehensive, cohort-based program is focused on developing the capacity of leaders to improve student achievement.

The purpose of the PAFPC is:

  • To promote an exchange of knowledge, experience, and ideas concerning federal programs in order to enable the members to serve educational entities with greater effectiveness and efficiency.

  • To disseminate information concerning resources available from the federal government so that greater use can be made of these resources.

  • To supplement and assist the flow of information and constructive comment from the offices of the Pennsylvania Department of Education that are responsible for the administration of federally supported educational programs.

  • To provide advice and counsel regarding federal programs to any member and/or organization seeking to serve the educational needs of the community, the state or the union.

  • To provide training institutes or workshops in the area of federal program.

Tax Amnesty Notices

On April 21, 2017, Pennsylvania began a 60 day tax penalty and interest amnesty program.  As a result, some taxpayers have received a tax notice with the headline "Pennsylvania Tax Amnesty Program”.   Most of the tax notices relate to "unfiled” tax returns (income, sales, use, etc.), with some going back 40 years.  Many of these returns have been incorrectly flagged in the PA system as "unfiled”. 

If you’ve received one of these notices, please don’t ignore it.  Simply forward the notice to your TEG contact.  We’ve established a system to resolve these notices effectively and efficiently.  We do not recommend attempting to resolve these notices on your own; the call center phone numbers provided on the notice will not provide resolution guidance unless there is actual tax owed.

For additional information or assistance, please contact Michael Carr at mcarr@troutcpa.com for business notices or Gail Mowery at gmowery@troutcpa.com for individual notices.

Thank you for your continued business!

Summer Hours

Our offices will be closing at noon on Fridays starting Friday May 5th, 2017 through September 1st, 2017.

Normal hours will resume the week of September 4th.

Linda Bell Appointed to AMA's Heart Walk Executive Leadership Team

Linda Bell was appointed to American Heart Association’s Heart Walk Executive Leadership Team.  Linda is the Director of Business Development with Trout, Ebersole & Groff, LLP.  She previously served as the Co-Chair for the Lancaster Heart Ball and served as a Member of the Lancaster Heart Ball Sponsorship Committee.

The American Heart Association is a non-profit organization with a mission of building healthier lives free of cardiovascular disease and stroke.

Matt Burkhart Appointed Board Treasurer for LCGA

Matthew E. Burkhart has been appointed Board Treasurer for the Lancaster County Golf Association.  Matt is a Senior accountant with Trout, Ebersole & Groff, LLP.  He graduated from Messiah College in 2013 with a Bachelor of Science degree in Accounting.

The Lancaster County Golf Association serves the best interest of all golfers residing n Lancaster County: Amateurs (men, women and juniors) and Professionals.

Megan Senkowski Elected as Treasurer for Lancaster Early Education Center

Megan Senkowski, CPA was elected as Treasurer for the Lancaster Early Education Center. Megan is an Audit & Attest Supervisor with Trout, Ebersole & Groff, LLP. She graduated from Villanova University in 1999 with a Bachelor of Science degree in Accounting. She received the designation of Certified Public Accountant in 2001.

The Lancaster Early Education Center is a non-profit charitable organization committed to providing affordable, high quality early care and education to children from low-income working families.

Sandy Nonnenmocher Appointed to Workforce Development Board

Sandra L. Nonnenmocher, CPA, MST has been appointed to the Lancaster County Workforce Development Board as a private sector business representative. Sandy is a Tax Manager with Trout, Ebersole & Groff, LLP. She graduated from Albright College in 2004 with a Bachelor of Science degree in Accounting. She received her Master of Science degree in Taxation from Philadelphia University in 2011.

The Lancaster County Workforce Development Board icoordinates, develops and maintains a system of workforce development programs and services that integrates the needs of employers and residents.