Promotions At Siegfried Advisory

Please join us in congratulating the following team members for well-deserved promotions. These folks have shown alignment to firm and team vision, 5-star client service, overall performance, values and leadership qualities worthy of a promotion.

  • Steve Hutchison, FAS Director
  • Shaun Menkhaus, Tax Manager
  • Brieann Capecci, Level 3 Senior Tax Associate

Congratulations!

Crime and Cryptocurrency: Investors Beware

People are taking about cryptocurrency. And with so much interest in the topic, Siegfried Advisory’s Alyzabeth Smith, along with Judith Herron, CPA, recently published an article on CPA Now, a blog from the Pennsylvania Institute of CPAs. The article, which focuses on cryptocurrency and crimes that could be associated with it, can be found in full here.

Shaun Menkhaus earns Certified Valuation Analyst designation

Siegfried Advisory would like to congratulate Shaun Menkhaus for becoming a Certified Valuation Analyst (CVA)! Through training and rigorous testing, CVAs demonstrate they are qualified to provide capable and professionally executed valuation services. 

The CVA designation is an indication to the business, professional, and legal communities that recipients have met the rigorous standards of professionalism, expertise, objectivity, and integrity in the field of business valuation, financial consulting and litigation, and related consulting disciplines.

How can a CVA help you? Many business owners believe the value of their business is net profit, or gross sales, multiplied by an industry rule of thumb. This is simply not the case. In fact, the application of an industry rule of thumb formula often results in a value determination that differs greatly from the actual value that could be determined by a CVA.

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