Professional Services
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Understanding Cybersecurity Risks for Nonprofits
In our interconnected world where technology is essential in any industry, cyber threats are an escalating concern for all organizations, and nonprofit organizations are not exempt from these risks. As a nonprofit leader, it’s likely you understand the delicate balance between protecting your critical information and systems and dealing with the constraints of time, staffing…
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Maintaining Regulatory Compliance Amid Changes: A Must for Financial Institutions
In the ever-changing landscape of financial regulations, uncertainty is inevitable for financial institutions. This is especially true given the significant alterations to regulatory bodies, such as the recent shifts within the Consumer Financial Protection Bureau (CFPB) under the current administration. Despite these uncertainties, the importance and necessity of regulatory compliance remain undiminished. Despite the changes…
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Brumbaugh Wealth Management Expands with Strategic Growth, Client-Centric Approach
Brumbaugh Wealth Management is experiencing a period of unprecedented growth, fueled by a deliberate strategy of acquiring financial practices and a relentless focus on client service. As 2025 unfolds, founder and managing partner Kim Brumbaugh continues to shape the firm’s trajectory with a clear vision for expansion and a commitment to comprehensive financial planning. “We…
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Understanding Pennsylvania’s New Annual Reporting: Its Impact on Your Business and Preparations Needed
Effective Jan. 1, 2025, there’s a significant change in Pennsylvania’s reporting requirements for certain domestic and foreign business entities. The longstanding decennial report will be replaced by a new Annual Report. The entities that will need to comply with this new requirement include: The Annual Report is more than a formality. It necessitates the inclusion…
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RKL Recognized with Top Industry Client Satisfaction Honor
For the third consecutive year, RKL, a nationally leading CPA and advisory firm with an office in Exton, has earned the Best of Accounting Award for client satisfaction. The 2025 honor from B2B directory ClearlyRated is based on input and ratings received in the firm’s latest client survey. “For our team, there’s a lot of…
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Beneficial Ownership Reporting Is Back: What Does It Mean for Your Business?
It’s time to sharpen those pencils — Beneficial Ownership Information (BOI) Reporting is once again enforceable. Following a lifted injunction, FinCEN (Financial Crimes Enforcement Network) has set a new deadline of March 21, 2025 for most entities required to file. On Feb. 17, a Texas District Judge lifted their own injunction that was issued on January 23, coinciding…
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West Chester-Based A. Duie Pyle Nearing $1 Billion Revenue Mark
Family-owned A. Duie Pyle, based in West Chester, is approaching the $1 billion revenue mark, a century after it first began operations in Coatesville, writes Lisa Dukart for the Philadelphia Business Journal. The company, one of the longest-enduring trucking companies in the Northeast, has around 4,300 employees and 4.5 million square feet of warehousing space.…
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Kennett, New Garden Townships Mushroom Farms Under Quarantine Order Due to Phorid Flies
Pennsylvania Department of Agriculture recently issued a quarantine order for mushroom farms in Kennett and New Garden Townships due to phorid flies, writes Jeff Mulhollem for the Penn State News. The pest has been threatening southeastern Pennsylvania’s mushroom industry, which produces 60 percent of the nation’s mushrooms, by destroying nearly 40 percent of crops and…
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CPA Triage: Why a CPA May Be the Best Business Advisor for Your Business
There comes a time in every business that management encounters a situation that feels like unfamiliar territory. That’s when the insight of a professional accounting advisor can come to the rescue. I know the feeling. As a former controller and CFO at a public company, I was in those shoes, so I can draw on…
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L. Brent Kolb Named Managing Director of DunlapSLK
DunlapSLK, the Chalfont-based certified public accounting and advisory firm, has named L. Brent Kolb its new Managing Director. Kolb succeeds Dennis Dunlap, who will continue in his role as one of the firm’s shareholders. Dunlap’s focus will be on serving clients while also maintaining his position as a member of the firm’s governing Board of…
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East Brandywine Fire Company Receives State Funding For New Equipment
East Brandywine Fire Company has recently received $94,00 in state funding for new rescue equipment, writes staff for The Daily Local News. The grant comes from the Pennsylvania Department of Community and Economic Development. State Representative Danielle Friel Otten presented the funding to the fire company in person on Tuesday, Feb. 4. The company provides…
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What Does Your Financial Institution Need to Know About Your Company’s Ownership in 2025?
Yes, the requirement to register an entity’s Beneficial Ownership Information (BOI) with the U.S. Government agency, Financial Crime Enforcement Network (FINCEN), is being bounced around in the court system. While there is a lot of uncertainty with the new administration, it’s essential to establish what has not changed and most likely will not change related…
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Phoenixville’s Bates Landscaping Constructs Patio for 6abc Studios
Phoenixville’s Bates Landscaping has built a personalized outdoor patio for 6abc Studios, writes Wendy Daughenbaugh for 6abc. The family-owned landscaping business started by carving a 10×10 space into the frozen earth outside 6abc Studios. Landscapers then added a flagstone patio topped with planters, greenery, and a propane fire pit. Bates Landscaping was started in 2011…
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Riding Impressive Wave of Growth, MyOfficeOps Expands Services and Launches New Website
MyOfficeOps, a leading outsourced accounting and back-office solutions provider, is riding an impressive wave of growth and expanding its service offerings, increasing headcount, and launching a revamped website to better serve its growing client base. The West Chester-based company saw a 35 percent growth in revenue in 2024, fueled by a rising demand for its…
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Federal Disaster Tax Relief: New Opportunities for Taxpayers
On Dec. 12, 2024, then-President Joe Biden signed the Federal Disaster Tax Relief Act of 2023 into law, introducing significant tax relief measures for individuals and families impacted by disasters. This long-anticipated legislation provides a variety of benefits, including expanded deductions and exclusions from gross income for qualified disaster-related expenses. Below, we outline the key…
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Malvern-Based Relationship Therapists Help Couples Connect on a Deeper Level; Next Workshop Is Feb. 7-9
We live in a culture that emphasizes hard work and staying busy. Time is taken up by family and work, leaving little time to focus on your relationship with your spouse or life partner. Licensed Clinical Social Workers Renee Morgan and Dawn Marple Gise of Self Expressions in Malvern offer an effective approach for couples…
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Navigating Change in 2025: Key Tax Reforms Expected
The stage is set for 2025 to be a year we should expect to see a significant legislative tax package. Not only is the Republican party poised to take the helm of both Congress and the Presidency, but many key tax provisions in 2017’s Tax Cuts and Jobs Act are set to expire at the end…
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A Look Ahead: How the Latest Trends, New Administration May Affect Chester County Businesses and Taxes in 2025
As the transition of leadership looms large, what is on the minds of the region’s business leaders? Here’s a snapshot of some of the business trends, tax opportunities, and political policies that may impact business. The Economy While “brain rot” may have been dubbed the 2024 Oxford University Dictionary Word of the Year, “tariffs” is…
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