Action Items D.C. Metropolitan Restaurant Owners Should Take Before Year-End
As 2022 is coming near a close, it is time for restaurant owners in the Washington D.C. metropolitan area to begin thinking about 2022’s taxes as well as business practices that should be implemented in 2023. Below are items local restaurant owners should take into consideration before year-end. Take Advantage of Tax Depreciation Incentives Fixed […]
Aronson Team Members Celebrate Halloween 2022
For Halloween 2022, Aronson team members and their families dressed up for a variety of festivities in their local communities. With costumes ranging from princesses to Hocus Pocus characters, treats were gathered and great memories were made. Check out the rest of our spooky photos in the gallery by clicking the picture below!
Aprio Names Nicole Mitchell as First Chief Practice Officer
ATLANTA/ROCKVILLE – Nationally ranked business advisory and CPA firm Aprio, LLP announced today that Nicole Mitchell is joining the top 35 firm as Chief Practice Officer in the Rockville office, effective January 1, 2023. Mitchell joins Aprio following the firm’s announcement that Washington D.C.-based Aronson, LLC, will merge with Aprio – Aprio’s largest merger to date. Mitchell joined the firm in […]
Basil Nasereddin
Basil Nasereddin serves as a manager in Aronson’s Outsourced Accounting Group. With over 12 years of experience in both public and private accounting, Basil has a passion for helping non-profits. Basil leads on-boarding for new non-profit clients and is skilled in several accounting systems and ancillary technologies. He works closely with clients who require financial […]
2023 Welfare Benefit Plan Contribution Limits
The IRS recently released in Revenue Procedure 2022-38 the 2023 annual contribution limits for welfare benefit plans. The updated limits for Health Savings Accounts (HSAs) were previously released in Revenue Procedure 2022-24. These limits are typically adjusted each year for inflation. The 2023 HSA limits are $3,850 for an individual with self-only coverage and $7,750 […]
Aronson Merges with Aprio
ATLANTA/ROCKVILLE – November 1, 2022 – Aprio, LLP, a nationally recognized business advisory and CPA firm headquartered in Atlanta, announced today that Aronson, LLC will merge with the growing firm. Aronson’s 350 team members, including 42 partners, will join Aprio effective January 1, 2023. The combination of the two Top 100 firms marks both Aprio’s […]
New Minimum Wage for Covered Government Contracts
In accordance with Executive Order 14026, the minimum wage for covered government contracts will increase to $16.20 per hour while the required minimum cash wage that generally must be paid to tipped employees under covered government contracts will increase to $13.75 per hour beginning January 1, 2023. Covered government contracts include: procurement contracts for construction […]
2023 Dollar Limits on Compensation and Benefits Announced
The Internal Revenue Service has announced the 2023 cost-of-living adjustments for various limits affecting employee benefit plans. The more common limits are detailed below for 2022 and 2023. Due to the unprecedented inflationary environment, the limits have increased by record amounts. 2023 2022 401(k) & 403(b) Elective Deferrals $22,500 $20,500 Catch-Up Contribution for participants age […]
Maryland Digital Advertising Tax Struck Down in State Court
On October 17, 2022, a Maryland circuit court judge struck down Maryland’s tax on digital advertising services as being in violation of the Internet Tax Freedom Act (ITFA), the Commerce Clause of the U.S. Constitution, and the First Amendment. The tax was the first of its kind enacted in nation, and is also being challenged […]
Aronson Hosts Third Annual GovCon Golf Tournament
On October 11, 2022, Aronson’s Government Contract Services Group hosted its third annual GovCon Golf Tournament at 1757 Golf Club! It was a cool, fall morning as players arrived to warm up, but was followed by a beautiful, sunny afternoon. Following the tournament, players gathered on the outdoor pavilion to network and enjoy food and […]
Emerging Growth Podcast by Aronson LLC
Aronson LLC in partnership with our Technology Industry Services Group is excited to announce the launch of the Firm’s first podcast series, Emerging Growth. Hosted by Aronson’s Business Development Manager, Tommy Luginbill, The Emerging Growth Podcast by Aronson LLC will provide you the insight and resources needed to understand and effectively navigate the emerging growth […]
The SBA Proposes to Change the Rules for Size & Status Bid Protests
The SBA Proposes to Change The Rules for Size & Status Bid Protests. In many cases, either intentionally or inadvertently, contractors win set-aside procurements for which they do not qualify under the size standard or status. This results in actual small businesses being deprived of work that was legally set-aside for them. To a large […]