The Louis Plung Blog

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601, 2022

Leasing Standard Finally Here in 2022 for Private Companies

Categories: Blog|

By  Lindsay Andrews, CPA In 2016, the Financial Accounting Standards Board (FASB) issued a new lease accounting standard requiring virtually all leases to be recognized on the balance sheet.  As a private company or not-for profit that has leases, the implementation of this standard is required for fiscal years beginning

1312, 2021

Louis Plung Donates to Foster Love Project

Categories: Blog|

On December 8, the Louis Plung social committee got into the holiday spirit by filling twenty bags for the Foster Love Project’s Bag Drive! The Bag Drive ensures that children in foster care who will be transitioning to new homes this holiday season will have their own belongings to take

3011, 2021

Louis Plung Merges in Love, Scherle & Bauer

Categories: Blog|

Pittsburgh accounting firm Louis Plung & Company is pleased to announce the addition of Love, Scherle & Bauer, P.C. (LSB). LSB will officially join LPC on January 1, 2022. However, the two firms have already merged workforces. While LSB Partner Joseph S. Scherle is retiring, the remaining eight-person LSB team

2010, 2021

The IRS Backlog Is Causing Taxpayer Heartburn

Categories: Blog|

Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time. However, COVID-19 brought about a perfect storm of delays, initially caused by employees having to stay home because lockdowns prevented processing centers from operating and workers from

2010, 2021

Higher Income Individuals Beware

Categories: Blog|

The House Ways and Means Committee has released an extensive list of proposed tax changes that impact individual, retirement, international and corporate tax law. We have been selective and have only included a portion of the proposed changes. A full list of proposed changes is available from the PDF file

2809, 2021

4 Ways for Individuals to Protect Themselves Online

Categories: Blog|

As more and more areas of our lives and work move into the online sphere, cybercrime becomes a bigger threat. “It’s important that every Internet user is aware of safe online practices,” said Doug Hogue, VP of Business Development, of Cloud Solutions, a division of the Eric Ryan Corporation. “It

2209, 2021

How to Protect Yourself Against Cybercrime

Categories: Blog|

Many internet users consider themselves safe because they assume that cybercriminals only target large corporations or the very wealthy. If you find yourself falling into this misconception, now is the time to reconsider your stance. All Internet users are at risk of cybercrime, so all Internet users should learn how

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