YHB WELCOMES MATT SMITH AS PRINCIPAL IN WINCHESTER

Winchester, VA (May 25, 2017) — The shareholders of Yount, Hyde and Barbour (YHB) have voted to admit Matthew Smith as principal into the Firm effective June 1, 2017. “Matt has been a key player at YHB for the past nine years,” said Scott Moulden, President of YHB. “His path to becoming a partner was… Read more »

Don’t Wanna Cry No More

Last Friday around lunchtime employees at several NHS hospitals around the UK received an e-mail stating a number of servers were down.  Then, one-by-one, their workstations began displaying the now tell-tale red and white background.  So started the tsunami-like wave of what is being called the “Wanna Decryptor” or “Wanna Cry” ransomware virus epidemic.  After… Read more »

Keep family matters out of the public eye by avoiding probate

Although probate can be time consuming and expensive, perhaps its biggest downside is that it’s public — anyone who’s interested can find out what assets you owned and how they’re being distributed after your death. The public nature of probate can also draw unwanted attention from disgruntled family members who may challenge the disposition of… Read more »

What is FAR? (Federal Acquisition Regulations)

A quick internet search will yield approximately 89 meanings for “FAR”, from “False Alarm Ratio” to “Fatal Accident Rate”.  In the GovCon space, we are generally concerned with only one of them, the Federal Acquisition Regulations (FAR). Federal Acquisition Regulations (FAR) Providing services or products to the government may allow you to diversify your revenue… Read more »

What will individual tax reform look like?

Will we get comprehensive tax reform in 2017?  In this continuing series of articles, we will focus on individual tax reform.  With the filing of your 2016 income tax still return still fresh in your mind we will take a look at recent announcements from the Trump administration and House leadership.  We will also give… Read more »

Document Retention: What questions could there be in your policy?

For me, this time of year is busy trying to get my summer projects planned, the IT Budget finished, and updating policies.  One policy that is of particular interest is Document Retention.  Most people think of this policy in terms of legal issues but it is much more!  I remember purchasing a server about 15… Read more »

Worried about challenges to your estate plan? Make it no contest

Estate planning is all about protecting your family and ensuring that your wealth is distributed according to your wishes. So the idea that someone might challenge your estate plan can be disconcerting. One strategy for protecting your plan is to include a “no-contest” clause in your will or revocable trust (or both). What’s a no-contest… Read more »

SOC Changes for 2017 & Cybersecurity Attest Engagements

Few people, I suspect, spend their free time combing through exposure drafts from the AICPA or the Auditing Standards Board. However, it’s our job to know what changing in the accounting and attestation standards and make sure you are aware. So there are a few changes coming your way that we recommend brushing up on… Read more »

USE QUALIFIED AUDITORS FOR YOUR EMPLOYEE BENEFIT PLANS

Employee benefit plans with 100 or more participants must generally provide an audit report when filing IRS Form 5500 each year. Plan administrators have fiduciary responsibilities to hire independent qualified public accountants to perform quality audits. Select a qualified auditor ERISA guidelines require employee benefit plan auditors to be licensed or certified public accountants. They… Read more »

What is Old is New Again… Cybersecurity

As a person who has spent the majority of my life experiencing amazing advances in technology all around me, I occasionally find myself losing touch with the sense that all of this technology is based on ideas that have existed for millennia. I find this to be especially true in one of the areas I… Read more »