TEG Announces New Managing Partner
Trout, Ebersole &
Groff, LLP is pleased to announce that Todd Harrington, CPA, CVA, CGMA,
Partner has been appointed as the new Managing Partner of the firm effective immediately. He succeeds Donald F. Johnson, Jr., CPA
who had management responsibility from 2010 to 2016.
Under Don's leadership, the firm grew from 65 employees to
over 100 professionals with offices in both Lancaster and the Capital Region. In addition to his responsibilities for
overall operation of the firm, he also served as the chair of the firm’s
Management Committee. Don actively participated in the firm’s
Construction, Governmental, and Not-for-Profit Practices Groups and served on
the Quality Control Committee.
Todd joined the firm in 1996 and was admitted as a Partner
in 2007. He was the recipient of Central Penn Business Journal’s Forty Under
40 Award in 2010, and a 2012 graduate of Leadership Lancaster.
Todd serves a wide array of clients in manufacturing,
construction, real estate, and professional services. His areas of
specialization include audit and attest services, mergers and acquisitions, tax
planning and preparation, and business consulting and valuations. He currently chairs the firm’s Quality
Control Committee and Manufacturing Practice Group. He is also an active participant in the
firm’s Construction Practice Group.
Todd is a member of the American Institute of Certified
Public Accountants, the Pennsylvania Institute of Certified Public Accountants
– Accounting and Auditing Procedures Committee, the National Association of
Certified Valuators and Analysts, and the Chartered Institute of Management
Accountants. He is also a member and active participant in Vistage. Todd currently serves on the Board
and Finance committee for Water Street Ministries.
Todd lives in Lancaster County with his wife and three
Thanksgiving Office Hours
Wishing you a Thanksgiving overflowing with peace, love and laughter.Our offices will be closed Thursday, November 24th and Friday, November 25th.
Proposed Regulations Related Internal Revenue Code Section 2704 Could Eliminate Certain Valuation Discounts Related to Family Controlled Entities
On August 2, 2016, the U.S. Treasury Department released proposed regulations under section 2704 of the Internal Revenue Code. The proposed regulations are designed to reduce the availability of valuation discounts used in valuing transfers of interests in family controlled entities among related parties.
For decades, appraisers have applied certain valuation discounts to account for the lack of control and lack of marketability present in minority shares of closely-held securities. Empirical studies show that the market places great value on voting control and ready liquidity. Conversely, the lack of these attributes should indicate a lower (discounted) value. The effect of valuation discounts is to lower the estimate of value of the underlying transferred security and thereby potentially lowering the overall transfer (estate, gift, generation skipping) tax paid. Appraisers and estate planning professionals argue that such discounts commonly applied in family wealth transfers are prudent, legitimate and market-based. The Internal Revenue Service has argued such discounts applied in the transfer of family controlled entities are designed solely to limit transfer taxes.
The proposed regulations are currently in a 90 day public comment period. There is no question that there will be disagreement with the proposal regulations from the estate planning community during this comment period. A public hearing has been scheduled for December 1, 2016. Any final regulations may be substantially different from the proposed regulations. While it is too early to know exactly what the final regulations will include, it is never too early to begin planning. If adopted, the regulations will not be effective until the date of publication (or later) of a Treasury decision adopting the proposed regulations as final. Most planners close to the situation indicate that the earliest such regulations would become effective would be in January 2017. As such, the fourth quarter of 2016 is a critical planning period for estate, gift and family business transfer transactions.
The proposed regulations are complex. A detailed discussion of the proposals is outside the scope of this article. The following points represent major categories of changes in the proposed regulations, none of which are beneficial to family business transfers.
- Limitations on "deathbed” transfers
- Expanding the concept of "control” of certain entities
- Modification of the concept of "applicable restrictions”
- The addition of a new category of "disregarded restrictions”
- A new definition of "family control”
As with most financial planning matters, each situation is unique. We strongly advise you to seek counsel from your trusted legal, estate and financial advisors regarding how these proposed regulations may impact your overall estate planning situation. A proactive approach to planning is always prudent, regardless of the outcome of any pending regulations.
Trout, Ebersole & Groff’s estate, tax and business valuation experts are ready to assist you with your unique situation and offer proactive advice and assistance as you navigate the ever increasing complexity of government regulation and taxation.
A group of professionals from the Trout, Ebersole & Groff, LLP Capital Region office visited with the executive director of Mission Central in Mechanicsburg for a tour of the facility and to discuss their mission.
TEG Visits Mission Central
Mission Central is the mission warehouse of the Susquehanna Conference
of the United Methodist Church. Since it’s beginning in 2002, Mission
Central has had 3 points of focus: Disaster Response, Mission Outreach
and Mission Education.
Trout, Ebersole & Groff, LLP would like to thank the readers of Lancaster County Magazine for voting our firm as the "Best of Lancaster" in the Professional Services category again in 2016!
TEG Voted #1 by the Readers of Lancaster County Magazine
#1 Accounting Firm
Trout, Ebersole & Groff, LLP
Brian D. Wassell, CPA, CM&AA
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.
Trout, Ebersole & Groff, LLP is pleased to announce that Tiffany Bender, CPA has been appointed Board Treasurer for the Lancaster Symphony Orchestra. Tiffany is a Senior Accountant with the firm. In it's 70th season, the Lancaster Symphony Orchestra provides live musical performances to enrich, entertain and educate the south central PA community.
Tiffany Bender Appointed to Lancaster Symphony Orchestra Board
On Friday, October 21st, Trout, Ebersole &
Groff, LLP participated in the Lancaster Chamber’s 2016 Business Expo. The event was held at Spooky Nook Sports
Complex in Manheim. The Expo gave TEG
professionals the opportunity to network with vendors, prospects, clients and
other local business professionals. The event featured educational workshops as
well as exhibits. TEG's booth featured a new exhibit. TEG professionals also participated in the
"Launch Party" which was held on Thursday evening from 5-7pm.
TEG Exhibits at Lancaster Chamber Business Expo
Trout, Ebersole & Groff, LLP is pleased to
announce that Chris Johnson, CPA has earned the professional designation of
Certified Construction Industry Financial Professional (CCIFP) from the Institute
of Certified Construction Industry Financial Professionals. Chris has completed the necessary education and
experience requirements and has passed the written examination necessary to
earn this credential.
Chris Johnson Receives CCIFP Designation
TEG Welcomes Two New Managers
Trout, Ebersole & Groff, LLP is pleased to announce and
welcome Arleen Steiner, CPA/CFF, CVA and Arthur Amelio, Jr., CPA to the firm. "We are excited to have these two professionals join our firm,” said
Todd Harrington, CPA, CVA, CGMA, Managing Partner. "Both bring a wealth of
experience and industry knowledge, and we see them as important additions to
the Trout, Ebersole & Groff team in providing exceptional service and value
to our clients.”
Arleen is a manager in the Tax Services group
and will focus on litigation support, fraud investigation, forensic
accounting, bankruptcy support and tax planning. She is a certified public
accountant, certified valuation analyst, and is certified in financial
forensics. Arleen also provides expert testimony in litigation cases. Prior to
joining Trout, Ebersole & Groff, LLP, Arleen was employed with Baker Tilly,
SF&Company and Greenberg & Company, LLC.
Arthur is a manager in the Audit Services
group and will be responsible for all aspects of financial statement
engagements including planning, field work, financial statement preparation,
and governance communications. Art serves clients in the following industries
including municipal government, school districts, non-profit organizations, higher
education institutions and wholesale industries. He also services employee benefit
plan engagements. Prior to joining Trout, Ebersole & Groff, LLP, Art was
employed with CliftonLarsonAllen.
For over 87
years, Trout, Ebersole & Groff, LLP has provided quality accounting,
auditing, tax, and business consulting services to clients throughout Central
Pennsylvania. The firm consists of 100+ professionals who provide comprehensive
financial services to individuals, businesses, agencies and other
Trout, Ebersole & Groff, LLP has been named to the 2016 list of 100 Best Places to Work in PA. Best Places to Work is a survey and awards program designed to identify, recognize and honor the state's best employers. The program is a partnership between the PA department of Community and Economic Development, the PA State Council of the Society for Human Resources Management, and the Central Penn Business Journal.
TEG Named to 100 Best Places to Work List
"We are pleased to be recognized for this prestigious award," said Todd Harrington, CPA, CVA, CGMA, Managing Partner. "It's a strong affirmation of the firm's focus on our greatest asset - our employees."
Nominees for the Best Places to Work award asked their employees to complete a survey based on workplace policies, practices, philosophies, systems, and demographics.
Trout, Ebersole & Groff, LLP will be recognized at the Best Places to Work in PA awards banquet on Thursday, December 1, 2016 at the Lancaster County Convention Center in Lancaster, PA. Rankings will be revealed at the ceremony.
For over 87 years, Trout, Ebersole & Groff, LLP has provided quality accounting, auditing, tax, and business consulting services to clients throughout Central Pennsylvania. The firm consists of 100+ professionals who provide comprehensive financial services to individuals, businesses, agencies and other organizations.
Trout,Ebersole & Groff, LLP participated in the PICPA's Week of Service event being held September 19th-25th. On Monday, September 19th, a group of professionals from our Capital Region office had a successful day volunteering at the Central Pennsylvania Food Bank. They packed almost 600 pounds of green beans in the three hours they were there!
TEG Participates in the PICPA's Week of Service
PICPA’s Week of Service is a way to demonstrate, over one week’s time, the scope and depth of the contributions CPA's make to their communities all year long.
A group of professionals at Trout, Ebersole & Groff, LLP proudly participated in the American Heart Association's 2016 Lancaster Heart Walk on Saturday, September 17th at the Spooky Nook Sports Complex . We are excited to report that we were able to exceed our Team Goal of $2,500 and raised $3,660!! The TEG Team placed 4th out of 88 teams for fundraising.
TEG Participates in AHA's Lancaster Heart Walk
The 2016 Lancaster Heart Walk is the American Heart Association’s premiere event that brings communities together to raise funds and celebrate progress in the fight against this country's No. 1 and No. 5 killers, heart disease and stroke.
A group of professionals from Trout, Ebersole & Groff, LLP enjoyed giving back to the community by participating in the United Way's 25th Annual Day of Caring event on Friday, September 9th. They volunteered their time with Adoptions From The Heart disinfecting children's toys and cleaning the adoption meeting space. The group also learned more about this nonprofit organization and the private adoption services they provide.
TEG Participates in United Way's 25th Annual Day of Caring Event
Save the Date - Annual Payroll & Business Seminar
Trout, Ebersole & Groff, LLP will hold their Annual Payroll & Business Seminar on Wednesday, December 7th at the Eden Resort from 7:00 am to 11:30 am.
More details to follow.
Our offices will be closed on Monday, September 5th in observance of Labor Day. Wishing you an easy and relaxing Labor Day weekend!
TEG Offices Will Be Closed on Labor Day 9/5/16
TEG Welcomes New Employees
Trout, Ebersole & Groff, LLP is pleased to welcome our most recent
new hires to our team.
- Della Limbert - Receptionist
- Josh Lytle - Staff Accountant
- Rebecca Shirk - Staff Accountant
- Courtney Allen - Staff Accountant
- Josh Gustafson - Staff Accountant
- Leah Holzhauer - Staff Accountant
- Evgenia Sheaffer - Tax Supervisor
- Angela Martin - Staff Accountant (not pictured)
- Arleen Steiner - Tax Manager
These nine professionals
will be serving clients in both the Lancaster and Capital Region offices.
Welcome to TEG!
Sharon Sacks and Krista Gagliardo Present to West Shore CPA Group
Trout, Ebersole & Groff, LLP Certified QuickBooks® ProAdvisors,
Sharon Sacks, CPA and Krista Gagliardo, presented continuing professional education
for the West Shore CPA Group at their July 20th meeting in Camp Hill, PA. The program, which was attended by Peggie
Stauffer, CPA and partner at Trout Ebersole & Groff, LLP and the West Shore
CPA group members, focused on online accounting software and featured a deep
dive into the QuickBooks® Online download of banking information and the
potential for gaining efficiencies through its use.
The West Shore CPA group meets monthly to
provide continuing professional education to CPAs on a variety of topics of
interest to practitioners.
TEG Announces Employee Promotions
Trout, Ebersole & Groff,
LLP is very pleased to announce the promotions of the following employees who
have met and exceeded the duties of their current classifications.
- Ryan Butzer - Senior 1
- Chris Hartman - Senior 1
- Travis Oot - Senior 1
- Kelly Weaver - Senior 1
- Tiffany Bender - Senior 2
- Matt Burkhart - Senior 2
- Amanda Kilroy - Senior 2
- Amanda Lehman - Senior 2
- Sean Post - Senior 2
- Heather Rossell - Senior 2
- Andrew Scheid - Senior 2
- Tim Vinson - Senior 2
- Dan Chodan - Supervisor
- Tim Gallagher - Supervisor
We would like to congratulate these employees and wish them
continued success in their new roles!
Megan Senkowski & Krista Showers Present at PICPA Employee Benefit Plan Conference
Megan Senkowski and Krista
Showers, both CPAs at Trout, Ebersole & Groff, LLP, attended the Pennsylvania
Institute of Certified Public Accountants (PICPA) Employee Benefit Plan
Conference on May 19th and 20th in Lancaster.
Megan and Krista spoke on Health and Welfare Plan Basics.
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 47th
Annual Pennsylvania Association of Federal Program Coordinators (PAFPC)
Conference in Seven Springs, PA.
On Monday, May 2nd, Krista spoke
on "Proper Use & Fiscal Accountability for Title I Funds to Meet
Student and Teacher Needs.” On Tuesday, May 3rd, Krista spoke on "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
- 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
Our offices will be closing at noon on Fridays starting May 1st, 2016 through September 2nd, 2016.
Modified Office Hours
Normal hours will resume the week of September 5th.
Krista Showers Served as Judge for PA FBLA Event
Krista Showers, CPA, CEBS,
partner at Trout, Ebersole & Groff, LLP, served as a judge for at the Pennsylvania
Future Business Leaders of America (FBLA) 2016 State Leadership Conference
in Hershey, PA on April 11th. Krista was a judge for the American
Enterprise Project whose purpose to promote an awareness of some facet of the
American enterprise system within the school and/or community and help members
learn more about the economic system under which they live and then to share
their expertise in some way.
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.
Krista Showers & Megan Senkowski Attend ESOP Association Spring Conference
Krista Showers, CPA and partner, and Megan Senkowski, CPA
and supervisor at Trout, Ebersole & Groff, LLP attended the PA/DE Chapter
of the ESOP Association Spring Conference in Kennett Square, PA on Thursday,
ESOP Association is America’s largest employee-sponsored advocacy and education
association focused on employee stock ownership plans. The Association
seeks to enhance federal laws governing ESOPs, provide members with expert
information, and fund research via the Employee Ownership Foundation. The
ESOP Association is a national non-profit organization with 18 local
Chapters. Its members include ESOP companies, companies considering an
ESOP, and service providers that assist in setting up and maintaining ESOPs
Carol Roland Named One of Central PA’s Women of Influence
Carol Roland, CPA and partner at Trout, Ebersole &
Groff, LLP was one of 25 women selected to receive the 2016 Central Penn
Business Journal’s "Women of Influence” award recognizing their outstanding
leadership, integrity and accomplishments.
The 25 Women of Influence award recipients will be recognized
at a luncheon on June 24, 2016 at the Hilton Harrisburg. All honorees will be profiled in a special
publication inserted in the July 1, 2016 issue of the Central Penn Business
TEG Hosts GAQC Web Event
Trout, Ebersole & Groff recently hosted a Government
Audit Quality Committee (GAQC) Web event: "Preparing for a Single Audit: An
Auditee Perspective”. The event was held on March 17 and over 35
participants were in attendance. The event included two hours of
educational instruction followed by a group discussion. The presenters
included Eric Formberg, CPA Plante & Moran, PLLC, and Shelly Hammond, CPA,
Allen, Gibbs & Houlik, L.C.
Eric and Shelly discussed the complexity of Single Audits and
provided information to help auditees better prepare for their audits
- What compliance requirements are, how auditees can identify
them, and what auditors are required to test, including a high-level overview
of the audit requirements in Subpart F of the Uniform Guidance;
- Auditee responsibilities for internal control over
compliance, elements of COSO and the Green Book, and auditor responsibilities
for understanding and testing internal control over compliance;
- The various reporting requirements for auditees and auditors;
- Tips for auditees to get ready for single audits and steps
that can be taken to help ensure a quality audit is obtained.
Krista Showers Attends Pennsylvania Association of School Business Officials Annual Conference
Showers, CPA and partner at Trout, Ebersole & Groff, LLP, attended the 61st Annual Pennsylvania Association of
School Business Officials (PASBO) Conference in Hershey, PA on Wednesday,
March 9th and Thursday, March 10th.
PASBO is a statewide association,
3000 members strong, and is devoted to providing members with education,
training, professional development and timely access to legislative and policy
news. PASBO’s membership based 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.
Krista Showers Attends International Society of Certified Employee Benefit Specialists Membership and Chapter Development Committee Meeting
Showers, CPA and partner at Trout, Ebersole & Groff, LLP, was nominated and
appointed to the International Society
of Certified Employee Benefits Specialists (ISCEBS) Membership and Chapter
Development Committee for 2016. As a
member of the national committee, Krista was invited to and attended the
Membership and Chapter Development Committee meeting on Friday, March 4th in
Committee’s purpose is to make recommendations to the Governing Council of
ISCEBS regarding membership services and activities and the growth and
development of local chapters.
ISCEBS is the premier interactive community providing educational
resources, innovative thinking and collective wisdom to help members excel and
prosper in their careers. This
membership organization is for those who have earned the Certified Employee
Benefit Specialist (CEBS), Group Benefits Associate (GBA), Retirement Plans
Associate (RPA) and Compensation Management Specialist (CMS) designations.
Krista Showers Attends International Society of Certified Employee Benefit Specialists Chapter Volunteer Forum
Showers, CPA and partner at Trout, Ebersole & Groff, LLP, was invited to
and attended the International Society
of Certified Employee Benefits Specialists (ISCEBS) Chapter Volunteer Forum
on Thursday, March 3rd in Brookfield, Wisconsin.The
purpose of the forum is to provide local ISCEBS Chapter volunteers with
additional information to help leaders make the most of their time as Chapter
volunteers, share best practices with colleagues from across the U.S. and
Canada and ensure the growth of ISCEBS.
ISCEBS is the premier interactive
community providing educational resources, innovative thinking and collective
wisdom to help members excel and prosper in their careers. This membership organization is for those who
have earned the Certified Employee Benefit Specialist (CEBS), Group Benefits
Associate (GBA), Retirement Plans Associate (RPA) and Compensation Management
Specialist (CMS) designations.
Krista is serving as the President of the ISCEBS Central PA Chapter for
Krista Showers Serves as Preliminary Judge for PA FBLA Event
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 2016 State
Leadership Conference. As such, she was one of three 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
Form 5500 Automatic Extension Changed
With the approval of the new House Bill, the deadline for Form
5500 filing has been rolled back to October 15th.
Happy Holidays! Wishing you a beautiful holiday season and a new year of peace and happiness.
Our offices will be closed on:
- Thursday, December 24th
- Friday, December 25th
- Friday, January 1st
Trout, Ebersole & Groff, LLP is proud to announce that Jane Frymark has earned the designation of Certified Specialist in Estate Planning (CSEP).
Jane Frymark Earns CSEP Designation
TEG Donates Gifts to Lancaster Day Care Center
Today, Tuesday, December 15th, Trout,
Ebersole & Groff, LLP is excited to deliver Christmas gifts to the
children of the Lancaster Day Care
Center! Megan Senkowski , current board member of LDCC, and Kelly Weaver delivered the
gifts. The children will be surprised
when they wake up from their naps to see that Santa was there!
We are privileged to have the opportunity to spread a little
holiday cheer throughout our community!
Register today for Trout, Ebersole & Groff, LLP's 2015 Annual Payroll & Business Seminar scheduled for Wednesday, December 9th from 7:00 am to 11:00 am at the Eden Resort - Court Yard. This seminar highlights key issues you need to address prior to year-end, as well as items to be considered when planning for 2016.
Register Today for TEG's 2015 Annual Payroll & Business Seminar
This complimentary seminar includes a buffet breakfast followed by presentations from experts in the areas of Payroll, The Affordable Care Act, Overtime Regulations, Fraud, and QuickBooks. Speakers and topics include:
Payroll Overview - What's New for 2016?
- Denise Joline, Payroll Specialist at Trout, Ebersole & Groff, LLP
Affordable Care Act - Update
- Dan Chodan, CPA, Senior Accountant at Trout, Ebersole & Groff, LLP
Changes to Overtime Regulations
- Theodore Brubaker, Esq., Partner at Brubaker Connaughton Goss & Lucarelli LLC
Fraud Detection and Prevention
- Carol Roland, CPA, CGMA, CFE, Partner at Trout, Ebersole & Groff, LLP
QuickBooks Payroll - 10 Tips in 10 Minutes
- Donna Patterson, Certified QuickBooks ProAdvisor at Trout, Ebersole & Groff, LLP
Reporting of Fringe Benefits
- Denise Joline, Payroll Specialist at Trout, Ebersole & Groff, LLP
If you are interested in attending this event and have not received an invitation, please click here to view the invite.
On Thursday, December 10th, Trout, Ebersole & Groff, LLP will host an "Insights Into Manufacturing" Seminar from 7:00 to 10:45 am at the Cork Factory Hotel.
TEG to Host Manufacturing Seminar on December 10th
This seminar offers a tremendous opportunity to gain insight into the financial, legal, human resource, and risk management issues facing the manufacturing industry today. Guest speakers and topics include:
Manufacturing Trends and the Evolving Workforce
- Tracy Fornwalt, President of Fornwalt & Associates Business Consulting
OSHA and New Injury and Illness Reporting Regulations
- Matthew Olphin, Vice President of Risk Control at Murray Securus
Navigating the Interplay and Overlap Between Workers' Comp, Unemployment Compensation, FMLA and ADA
- Daniel Lieberman, Attorney at Devine Law Offices, LLC
Taxing Issues for Manufacturers
- Jason Herr, Partner at Trout, Ebersole & Groff, LLP
ACA: What You Need to Know and Do - Now!
- Dan Chodan, Senior Accountant at Trout, Ebersole & Groff, LLP
If you are interested in attending this event and have not received an invitation, please click here to view the invite.
On Tuesday, November 17th, Trout, Ebersole & Groff, LLP will co-host a presentation on the Pennsylvania Budget Battles with Rogers & Associates and Brubaker Connaughton Goss & Lucarelli. Jude Hoar, CPA, and partner of the firm, will co-host at the event which will be held at the Lancaster Country Club from 6:00 to 8:00 pm. If you are interested in attending this event and have not received an invitation, please click here to view the invite.
TEG to Co-Host PA Budget Battles Seminar on November 17th
Members of the Trout, Ebersole & Groff, LLP team attended the Central Penn Business Journal's 2015 Business of the Year Awards on Monday, November 2nd at the Hilton Harrisburg in support of clients and business affiliates who were chosen as finalists.
TEG Attends Business of the Year Awards
We would like to congratulate all the winners and finalists of this prestigious award.
ACA Compliance Deadline Quickly Approaching – Act Now!
The Affordable Care Act (ACA)
imposes new reporting responsibilities for employers starting with the 2015
filing year. The reporting requirements provide the basis for IRS
enforcement of the ACA’s employer mandate, individual mandate and premium tax
credits. If you need assistance understanding the ACA reporting requirements or
meeting the various ACA deadlines, please visit our Affordable Care Act page.
Peggie Stauffer Attends CFMA Regional Conference
Stauffer, CPA and partner at Trout, Ebersole & Groff, LLP, attended the 12th
Annual CFMA Mid-Atlantic Regional Conference on September 27 and 28 in Baltimore, Maryland.
year’s two day conference was packed with networking and social events as well
as timely topics on changing tax legislation, important updates on
our region’s economic climate, cyber security, and practical information in the
area of Human Resources.
Financial Management Association (CFMA) is "The Source & Resource for
Construction Financial Excellence" and the only nonprofit organization
dedicated to serving the educational needs of today's construction financial
Brian Wassell Attends AM&AA Central PA Branch Meeting
Brian Wassell, CPA and partner at Trout, Ebersole & Groff, LLP,
attended the Alliance of Merger &
Acquisition Advisors (AM&AA) Mid-Atlantic Chapter Central PA Branch Meeting
at the Lancaster Country Club on Wednesday, September 23rd. Brian is also an active member of the
AM&AA Central PA Branch Committee.
The guest speaker was Senator Mike Brubaker. Since the conclusion of his second full term
in the Pennsylvania Senate, Senator Mike Brubaker, immediate past Chairman of
the Senate Finance committee, has joined a dynamic new firm in Lancaster,
Pennsylvania, Blackford Ventures, LLC as CEO.
The Central PA
marketplace is vibrant and growing. Deal flow and activity are at all-time
highs across the nation. The Alliance of Mergers & Acquisition Advisors
(AM&AA) is the leading middle market M&A association for deal
professionals across the country. AM&AA members represent buyers and
sellers of businesses ranging from $5mm to $500mm in transaction value. The
goal of The Central PA Branch of the AM&AA is to provide a platform to
bring the "best of the best" in the deal community together to
collaborate and enhance their respective practices.
Peggie Stauffer Attends ASA Construction Expo
CPA and partner at Trout, Ebersole & Groff, LLP attended the American Subcontractors Association (ASA) of
Central PA’s 2015 Construction Expo on September 22nd at the Ned
Smith Center for Nature & Art in Millersburg, PA.
Subcontractors Association’s mission is to improve the profitability of
construction subcontractors, specialty trade contractors and suppliers by
offering educational programs, governmental advocacy and member benefit
programs and networking opportunities.
Krista Showers Attends PA Department of Education Division of Federal Programs Uniform Grants Guidance Workgroup
Krista Showers, CPA and
partner at Trout, Ebersole & Groff, LLP, was invited to and attended a
meeting of the PA Department of Education Division of Federal Programs (PDE
DFP) on the new Uniform Grants Guidance (UGG) that relates to Federal grants
for Local Educational Agencies (LEAs) on Thursday, September 10th.
The purpose of the workgroup
was for PDE DFP officials to talk with key stakeholders in the field (LEA
representatives and auditors) about what the new UGG may mean for them and what
best practices may be adopted.
Trout, Ebersole & Groff, LLP Adds Partners
Trout, Ebersole & Groff, LLP is excited to announce the
promotion of two outstanding CPA’s. Nicole K. Cradic and Jason C. Herr
will be admitted as partners on December 1, 2015.
Nicole K. Cradic,
Nicole Cradic, CPA is currently a Manager specializing in
audit and attest services, including audits of employee benefit plans and
governmental agencies. She has over nine
years of experience with the firm.
Nicole joined Trout, Ebersole & Groff, LLP in 2006 after
graduating Magna cum Laude from Old Dominion University with a Bachelor of
Science degree in Business Administration and a focus in Accounting and
Finance. She passed the CPA exam in
Nicole serves a wide variety of clients including
privately-held corporations, non-profit organizations and governmental
agencies. She is also a member of the
firm’s Employee Benefit Plan and Governmental Practice Groups. Additionally, Nicole
is an active participant with the firm’s Attest Services, Accounting Standards,
Quality Control, and Business Development Committees.
Currently, Nicole serves on the Finance Committee of St.
Peter Church in Elizabethtown and is a past-member of the Hershey Rotary
Club. She is also a Member of the AICPA
and the PICPA.
Jason C. Herr, CPA
Jason Herr, CPA is a Manager focusing his practice area in taxation. His areas of concentration include
tax planning and preparation, multistate taxation, reviews, compilations, and
business consulting. He has been serving
the firm’s clients for over eight years.
Jason is a 2007 graduate of Clearwater Christian College
with a Bachelor of Science degree in Accounting.
He passed the CPA exam in 2010. Jason currently serves on
the firm’s Construction and Manufacturing Practice Groups and works with many of the firm's privately-held clients in these industries. He is also a contributing
member of the Multistate Tax and Business Development Committees.
Currently, Jason serves as a Board Member for the Southern
Lancaster County Chamber of Commerce, Advisory role for Assets of
Lancaster, and Member of Millersville Bible Church. He is also a Member of
the AICPA, PICPA and the Inter County Contractors Association.
Both partners will serve Trout, Ebersole & Groff, LLP’s
rapidly growing client base in Lancaster County and the Capital Region.
Trout, Ebersole & Groff, LLP offices will be closed on Monday, September 7th in observance of Labor Day.
TEG Offices Will Be Closed
TEG Welcomes New Employees
Trout Ebersole & Groff, LLP is pleased to announce our summer
- Terry Thomas, CPA - A&A Manager
- Carolyn Strohm, CPA - Senior Accountant 2
- Katie Sauder - Senior Accountant 2
- Yanxia Liu, CPA - Senior Accountant 1
- Tim Vinson, CPA - Senior Accountant 1
- Jean Havens - QuickBooks Paraprofessional
- Kristin Antrim - QuickBooks Paraprofessional
- James Beaujean - IT Specialist
- Mike Cannon - Staff Accountant
- Jensen Appleman - Staff Accountant
- Corey Eshelman - Staff Accountant
- Thomas Young - Staff Accountant
- Colleen McElroy - Front Desk Receptionist
- Mel Glick - Administrative Support
Welcome to the TEG Team!
Many members of the Trout, Ebersole & Groff, LLP staff participated in the PICPA South Central Chapter's 30th Annual Sports Day Picnic and Volleyball Tournament at Bressler/Cibort Park on Thursday, August 6. Attendees enjoyed a competitive day of volleyball complete with lunch and dinner.
TEG Participates in Annual PICPA Volleyball Tournament
Check out our Facebook page for photos!
TEG Featured in Fine Living Lancaster Magazine
Trout, Ebersole & Groff, LLP has been featured in issue 35 of
Fine Living Lancaster. Check out our article here.
Fine Living Lancaster magazine presents the fresh, fun, and Fine
of life that Lancaster has to offer.
Brian Wassell, CPA and partner at Trout, Ebersole & Groff, LLP, attended a 4-day Healthcare seminar on July 28th through July 31st in Jackson Hole, Wyoming.
Brian Wassell Attends Healthcare Seminar in Wyoming
The seminar's emphasis was on easy-to-implement practical ideas on such things as aggressive tax ideas, practice building ideas, retirement plans, practice transition ideas, employee benefits, insurance, cost cutting ideas and others. At this year’s seminar, a special emphasis was placed on the following issues that can help improve wealth and quality of life:
- New Tax Law Changes - Covered current tax law changes affecting doctors and their practices.
- New, Improved Retirement Plans - New tax-saving plan designs that can improve the power of plans for doctors who want to save between $10,000 and $100,000 per year.
- Improve Profitability - Common sense ways to improve profitability.
- Staffing - Creative ways to hire and retain great employees.
- Insurance Needs - Appropriate levels (if any) of life, disability and long-term care insurance. What the insurance sales people prefer you don’t know.
- Steps To Take Now To Cut Future Taxes When Selling A Practice Or Bringing In A Partner - A recent tax court case gives us guidance on actions to take years in advance that can dramatically cut taxes on a practice transition.
- Maximizing Retirement Plan Investments - How to build them while working, and how to reposition them near retirement.