Central Penn Business Journal and Lehigh Valley Business have named Trout CPA as one of the Best Places to Work in PA. The awards are held in partnership with Best Companies Group ..read more

Written by Kristen O’Connell, CPP In a landmark decision that significantly impacts employers in the hospitality industry, the Fifth Circuit Court of Appeals’ decision on August 23, 2024, in Restaurant Law Center v. U.S. Department of Labor, vacated the U.S. Department of Labor’s (DOL) 80/20/30 Tip Credit Rule. This ruling introduces potential changes to how employers can compensate tipped employees, particularly in the amount of time they can allocate to non-tip-generating duties while still receiving a lower tipped minimum wage ..read more

Trout CPA is thrilled to announce that Jason C. Herr, CPA, CCIFP, Partner at Trout CPA, has been named to Central Penn Business Journal’s 2024 Forty Under 40 list. This prestigious award recognizes professionals under the age of 40 who have made a significant impact in their industries and communities in Central Pennsylvania. Jason’s inclusion in this esteemed group is a testament to his dedication, leadership, and commitment to both his profession and community ..read more

Trout CPA is excited to announce that we have been recognized as a 2024 LNP Readers’ Choice Award recipient. We were voted #1 in three categories: Accounting Firm, Tax Preparation Services, and Business Advisory Services.  ..read more

Trout CPA is honored to announce that we have been ranked #188 on the prestigious 2024 IPA 200 list, as recognized by Inside Public Accounting (IPA).  ..read more

Written by Dustin Peck, CPA 1031 exchanges and cost segregation studies are both powerful strategies for real estate investors. However, what happens when they are used in conjunction with each other? In this article, we will explore the opportunities and benefits of pairing these two strategies, as well as some potential pitfalls. In previous blog posts, we covered 1031 exchanges and Cost Segregation fundamentals. We recommend reviewing those articles first for a deeper understanding of these concepts ..read more

Starting January 1, 2024, the Corporate Transparency Act (CTA) requires certain entities to disclose beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN). This is separate from tax filings with the IRS. Entities required to report include any entity created by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe (i.e., Limited Partnership, Limited Liability Partnership, Limited Liability Company, Corporation, etc.). Penalties for willfully not complying with the BOI reporting requirement can result in ..read more

We are excited to announce that Brendon Landis has joined Trout CPA as part of our Transaction Advisory Team. Brendon brings over two years of public accounting experience, having worked with clients across diverse industries, including real estate, private equity, hedge funds, and manufacturing ..read more

Trout CPA is thrilled to welcome Stephen Martz to our Tax Resolution team. Stephen brings over seven years of specialized experience in tax planning, preparation, and resolution from public and private practice.  ..read more

Written by Kristen M. O’Connell, CPP There have been some important updates regarding the recent Final Rule issued by the Department of Labor (DOL) concerning overtime exemption regulationsunder the Fair Labor Standards Act (FLSA). This significant update will take effect on July 1, 2024 ..read more