H2R CPA Blog

Tax Proposals Included in the Build Back Better Act

The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19. The Build Back Better Act (BBBA) includes numerous provisions related to areas ranging from health care, climate change and immigration to education, social programs and, of course, taxes. Impact on the deficit The House vote … Read more

Changes to the Employee Retention Credit

by Phillip D. Zlokas, CPA, Tax Director On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (IIJA). As part of this legislation, certain changes were made to the Employee Retention Credit (ERC). The ERC was originally enacted in the Coronavirus Aid, Relief and Economic Security (CARES) Act in March … Read more

Phillip D. Zlokas Promoted to Tax Director

H2R CPA announced that Phillip D. Zlokas, CPA, was promoted to Tax Director effective November 1, 2021. In his new role, Phil will help lead the firm’s tax client service team and the implementation of ongoing technological advances in tax service delivery. He will also be the key tax technical resource for the firm’s senior … Read more

Disasters and your taxes: What you need to know

Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging in the West, natural disasters have led to significant losses for a wide swath of taxpayers. If you’re among them, you may qualify for a federal income tax deduction, as … Read more

Cara Colavita: 20 People to Know in Accounting

H2R CPA Partner, Cara M. Colavita, CPA, recently shared her insights as one of Pittsburgh Business Times 20 People to Know in Accounting, a series which profiles “influential businesspeople working in key industries” and provides “an introduction to some of the behind-the-scenes players, key leaders and up-and-comers.” In the Q & A interview, Cara discusses … Read more