In April 2024, the Office of Management and Budget (OMB) issued guidance regarding government-wide policies for the award and administration of Federal financial assistance, also known as the Uniform Grants Guidance. These revisions are effective for all Federal awards issued on or after October 1, 2024. Federal agencies may elect to apply the final guidance to Federal awards prior to October 1, 2024, but they are not required to do so. The Uniform Grants Guidance 2024 Revision (the Guidance) contains updates that will reduce burden for recipients of Federal funds and increase the efficiency ..read more

Herbein is pleased to share the Q1 2024 Market Commentary prepared by Herbein Financial Group ..read more

Today, women continue to break barriers, challenge norms, and pave the way for future generations.  Yet, behind every success story lies a journey filled with highs and lows, obstacles, and triumphs.  ..read more

A new Pennsylvania law, Act 122, signed in November 2022, has changed how and when Pennsylvania business entities must file information reports withthe PA Department of State ..read more

In today's business landscape, owners often navigate through various and intricate business regulations. One example is the recently enacted requirement under the Corporate Transparency Act for New Beneficial Ownership Reporting for Closely Held Businesses. Unfortunately, each new business regulation, such as the Beneficial Ownership Information (“BOI”) reporting, often results in scam opportunities by unscrupulous parties ..read more

Herbein is pleased to share the February 2024 Market Outlook prepared by Herbein Financial Group. In this edition, Herbein Financial Group investment advisor representative Matt Kline provides perspectives and insights on the current market environment, opportunities, and risks. Click here to learn more about Herbein Financial Group. Report topics and insights include: A deep dive into Gross Domestic Product (GDP) Insights on the now Mag-4 and increasing interest rates Charts of the month highlighting economic growth vs. stock market growth  For a closer look into these insights and t ..read more

On January 29, the IRS announced the official start of the 2024 tax season - and indicated that the agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, deadline ..read more

2024 is here – and with it, another presidential election year.  With the arrival of the first 2024 caucuses and primaries, it’s not too early to start preparing your organization by encouraging civil disagreements and promoting a respectful work culture. One of the most challenging aspects for HR and company leaders is learning how to navigate emotional and polarized conversations among employees. We want people to feel valued and welcomed for who they are, but that can prove difficult when some employees’ viewpoints differ drastically from those of their colleagues ..read more

IRS Action Regarding Fraudulent Employee Retention Credit (ERC) Claims A reminder of the ongoing IRS efforts to react to and reduce overly aggressive and fraudulent ERC claims, including the imminent deadline of March 22 to apply for the ERC Voluntary Disclosure Program ..read more

Some Pennsylvania businesses have recently received Form REV aLO60 1, Potential Business Use Tax Exposure, a letter from the PA Department of Revenue (DOR) indicating that the business has not reported or remitted PA Use Tax recently. It is likely that a business owner receiving a notice from the Pennsylvania Department of Revenue regarding potential business use tax exposure may be concerned or possibly unsettled by the notice ..read more