What is Retainage Receivable? Retainage receivable arises primarily in construction and contract-based industries. It refers to the portion of billings withheld by a customer (the project owner or general contractor)…
Navigating Changes to AML/CFT Programs: FinCEN’s Proposed Rulemaking and Its Implications for Financial Institutions
The Bank Secrecy Act (BSA) Program requirements are going change. On June 28, 2024, FinCEN issued a Notice of Proposed Rule Making (NPRM) to strengthen and modernize financial institutions’ programs….
RKL Announces Leadership Transitions
LANCASTER, PA (September 2, 2025) Nationally leading professional services firm RKL LLP announced that former Chief Operating Officer (COO) Mike De Stefano has been elected Chief Executive Officer (CEO) effective…
Section 1202 – Gain Exclusion for Qualified Small Business Stock Investment
The One Big Beautiful Bill Act (OBBBA) substantially boosts the already significant tax break provided to qualified small business stock (QSBS) investors covered in Section 1202. Section 1202 allows investors…
Feeling Uncertain in Today’s Economic and Geopolitical Climate? Strengthen Your Business Value with Risk Management
In today’s environment of economic volatility, rising capital costs, and unpredictable global events, the phrase “control what you can control” has never been more relevant. Proactive, strategic risk management is…
