Siegfried Advisory Hosts Semi-Annual Meeting

Our team recently came together in the nearby 1201 Connect Conference space for our semi-annual meeting.  The focus of the day was sharing details about this year’s successes and our vision for 2019. Additionally, we discussed our strategy as it relates to our focus areas of Leadership, Financial, and Tax Advisory, as well as our new focus area: Financial Due Diligence.

Many new faces joined our team in 2018, and it was a wonderful opportunity to have members of Siegfried’s Operations team join us and share information about their areas of expertise and how what they do impacts Siegfried Advisory.

After a busy day of strategic focus. the team relaxed with dinner and compelling conversation.

Updated Guidance on Sec 199A: The Qualified Business Income Deduction

The IRS finally issued its highly anticipated guidance on the new “QBI” deduction through a series of proposed regulations. The most significant detail in the regulations relates to which activities are considered Specified Service Trade or Businesses that may be completely phased-out of the deduction. The IRS includes specific examples of activities in each field that will or will not full under this category.

Click here to read the full article from Forbes.

Siegfried Advisory’s Jeff Osberg Makes a Name in Philly’s Amateur Golf Scene

Our very own Jeff Osberg was recently highlighted in an article in Global Golf Post titled “Osberg Makes a Name in Philly Amateur Scene.” The article, which declares Philadelphia as “one of the best places for a competitive amateur to hang his golf visor,” provides insight from Osberg about the delicate balance between the office, home, and the game.

Read the full article here.

After Tax Season Party

Siegfried Advisory was able to blow off some steam after tax season at The Main Event in Newark, DE. The team was able to relax, enjoy some good food and play some games like shuffleboard, billiards, air hockey, bowling and a pretty competitive game of Laser Tag! Gold Team for the WIN!! What a great way to unwind after the team worked very hard providing great service to all our clients.

 

 

Siegfried Advisory Hosts Client Appreciation Dinner

To show our gratitude for the relationships we have built with our clients, as well as to celebrate our collective successes, we recently hosted a client appreciation dinner at Sullivan’s Steakhouse in Wilmington, DE.

Our guests shared stories during the evening as a testament to our higher purpose, which is to help people transform themselves into better leaders so they can exponentially improve their lives. We are so grateful to our clients, friends, and family for another amazing year.

What could the new tax legislation mean for you?

The House recently passed the Tax Cuts and Jobs Act, and on November 28, the Senate budget committee passed their version of the bill.

Now, the two Chambers will need to reconcile any differences to produce one version. Legislation of this magnitude has not been seen in more than 30 years, and there is pressure to put a bill on the President’s desk before the Christmas holiday.

The entire team at Siegfried Advisory is closely monitoring the progression of this tax legislation so we can help our clients determine the impact and plan for the future.

Based on current information, we anticipate most legislation will apply to the 2018 tax year; however, some items may be retroactive to 2017. We’ve put together a summary document to share some of the developments, which are all subject to change.

Read more about proposed tax legislation 

Team Supports Leukemia Research by Getting Muddy!

Siegfried Advisory recently took part in the Leukemia Research Foundation of Delaware’s 9th annual Delaware Mud Run. The Delaware Mud Run is a 5K race with numerous obstacles surrounded by, or consisting of mud. There were crowds of people out to support the event along with live music and local vendors. Tailgating was abundant, as seasoned teams were out early eating and drinking to get ready for the run and their wild costumes (note the chicken team in the pre-run photo).

As a sponsor with two participating teams, Siegfried Advisory was able to raise funds for a great cause and have fun spending the morning trudging through the mud. They hope to have an even larger turnout and raise even more money next year!

Siegfried makes the Inc. 5000 List…and that’s not all!

The Siegfried Group recently appeared on the annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at a very important segment of the economy – America’s independent entrepreneurs.

In addition to its place on the Inc. 5000 list, The Siegfried Group was also named the fastest-growing accounting firm in the country by Inside Public Accounting (IPA). Not only that, but The Siegfried Group was recognized as one of the Top 100 accounting firms in the country by IPA.

 

Forecasting Methods Help Build Relationships

Our very own Steven Hutchison, CPA, CVA recently penned an articled entitled “Forecasting Methods Help Build Relationships” in the June edition of Practice Management – Tips for Practitioners. Steven picked the topic because it greatly aligned with what Siegfried Advisory is all about and he felt there was a lack of content out in the valuation world on this subject. A lot of the content within the article came from research that he had done in preparation for writing the article, however he also leveraged his experience as a trusted business advisor to bring context to the concepts. Click on the icon below to read Steven’s full article!