Central Penn Business Journal has selected Dan Boyle, Partner in Audit Services at emc CPAs LLC, as a 2025 Forty Under 40 honoree.
Forty Under 40 awards recognize the future leaders of Central Pennsylvania, under the age of 40, who are achieving success in their careers and giving back in meaningful ways to the community. Honorees were selected by a panel of previous recipients and the Central Penn Business Journal leadership team based on professional accomplishments and community service. A listing of winners is below.
“The 2025 Forty Under 40 honorees are high-achieving young professionals who give back to the community in exceptional ways. They have demonstrated significant career success but also know that making a difference in the lives of others is essential,” said Suzanne Fischer-Huettner, managing director of BridgeTower Media/Central Penn Business Journal. “They are the next generation of leaders in Central Pennsylvania, and we are pleased to recognize their accomplishments.”
The honorees will be recognized Oct. 27 at a celebration at the Hilton Harrisburg, One North Second Street. The evening begins at 4:30 p.m. with networking, food stations and drinks. The awards celebration starts at 5:30 p.m. followed by a dessert reception, drinks and additional networking opportunities. The event hashtag is #CPBJevents.
Attendance is limited, with sponsors receiving priority access.
There are various sponsorship levels available, which include the right to use the event logo, multimedia marketing, a table to share with co-workers and guests at the event, and much more. If seats are available after the sponsorship deadline, a limited number of individual tickets will go on sale. Tables are only available with sponsorship. To secure a sponsorship to ensure you and your guests can celebrate together, contact Suzanne Fischer-Huettner at shuettner@bridgetowermedia.com.
Winners will be profiled in a magazine that will be inserted into the Nov. 7 issue of the Central Penn Business Journal and will be available online at CPBJ.com.
The Presenting Sponsor is Members 1st Federal Credit Union. The Honoree Reception Sponsor is Lehman Volvo Cars. For more information and the most updated listing of sponsors, visit CPBJ.com/event/forty-under-40/.
Central Penn Business Journal is the leading source of business news and information in Central Pennsylvania for the past 41 years. In addition to breaking news on its multimedia news site at CPBJ.com, it also publishes a biweekly print edition. Central Penn Business Journal publishes various special focus sections on topics such as real estate and construction and mergers and acquisitions in addition to the yearly Book of Lists. It also hosts nine annual events, including Women of Influence, Fastest Growing Companies and Best Places to Work in PA, to recognize excellence and provide leadership opportunities. In addition, Central Penn Business Journal facilitates webinars bringing local experts from the business community together to discuss current topics and trends. Its Digital Marketing Solutions helps customers with social media, search engine marketing and optimization, retargeting, email marketing and more. Central Penn Business Journal and its sister publication, Lehigh Valley Business, are part of BridgeTower Media, the authoritative voice for insights and marketing solutions across 40+ brands in five key sectors across the United States.
Michael Andrews, RKL, LLP
Jon Anzur, PA Chamber of Business and Industry
Abigail Kerr Aungst, KPMG LLP
Mark W. Banks, Boyer & Ritter LLC
Tiffany Bender, Trout CPA
Justin Bloom, Millennium Circuits Limited
Brad Bolen, Pavone Group
Dan Boyle, emc CPAs LLC
Matthew Brennan, Fulton Bank
Vinny Cannizzaro, Pennsylvania Economy League
Sean Duffy, Conrad Siegel
Corey J. Dupree, BBBS of South-Central PA
Shaun Eng, M&T Bank
Brad A. Fisher, Royal Square Development & Construction, Inc.
Cody Matthew Gehman, Stonebridge Financial Group LLC
Ryan Christopher Givens, Saxton & Stump
Laura Keeney, WellSpan York Hospital
Brigid Landy Khuri, McNees Wallace & Nurick
Nick Khuri, Graham Packaging
Willem Creed Kiefer, Bench Mark Program
Kaleb Koons, Spooky Nook Sports
Audrey Landis, Simon Lever
Michael T. Lohss, Jr., Regal, Inc. Plumbing, Heating & A/C
Kate Martin, Morgan Stanley
Greg Mitstifer, UPMC
Jared Mizrahi, MizAuctions, LLC dba PCI Auctions East Coast
Jessica Marie Moser, Holla Spirits
Kevin C. Myhre, Barley Snyder
Laura Cathleen O’Grady, United Way of York County
Kevin M. Ortenzio, Select Asset Management & Trust
Delia Pabon, Creative Catalyst Consulting
Ryan James Polakoff, Nexterus
John “J.” M. Quain, Barley Snyder
Christopher J. Reed, The Rutter’s Companies
Braxton Joe Sponsler, Mountain Ridge Metals
Wen Tan, Highmark
Marisa Tokarsky, Deloitte
Seth Weeber, The Wankawala Organization
Carleigh Williams, Mainline Excavating, Inc.
Carly Ann Legg Wood, York College of PA
The IRS has just announced that paper tax refund checks for individual taxpayers will be phased out beginning September 30, 2025. This move is part of a broader federal initiative to modernize payments. After this date, refunds will be delivered electronically—primarily via direct deposit—though limited exceptions may apply for taxpayers without access to traditional banking. Meanwhile, the IRS has suspended the mandatory electronic payment requirement for payments made to the IRS.
The IRS will issue additional guidance on refunds and payments for 2025 tax returns before the 2026 filing season begins.
We are monitoring this story closely and will keep you updated as new information becomes available. If you have questions or concerns about this transition, please contact your emc advisor.
New Federal Electronic Payment Mandate Effective September 30, 2025Big changes are coming to how U.S. taxpayers pay and receive federal tax funds. On March 25, 2025, Executive Order 14247 directed a transition of nearly all federal government financial transactions—particularly those managed by the IRS—from paper-based methods to electronic funds transfer (EFT). This applies to both federal tax payments to the IRS and IRS tax refunds.
More information: https://www.irs.gov/payments
Failure to comply may result in penalties, fines, or rejection of the payment.
Non‑electronic payments may be allowed in the following situations:
This federal mandate does not change state tax payment rules. However, Pennsylvania already requires electronic payments above certain thresholds for 2025:
The goals include improving payment efficiency, reducing costs, minimizing fraud risk, and providing faster confirmation that payments were received—eliminating the uncertainty and delays associated with mailing checks.
If you have questions or would like help selecting and setting up a payment method, please contact your emc advisor to create a transition plan.
Annual Report Deadline Approaching for Pennsylvania LLCsOn November 3, 2022, Governor Tom Wolf signed Act 122 of 2022 into law, establishing a new annual reporting requirement for business entities operating in Pennsylvania. This new law, effective in 2025, brings Pennsylvania in line with most other states by requiring both domestic and foreign business associations to file annual reports with the Pennsylvania Department of State.
Entities subject to the new requirement include Pennsylvania limited liability companies (LLCs), limited partnerships (LPs), business corporations, professional associations, business trusts, nonprofit corporations, and other domestic association types, as well as all registered foreign associations.
The first annual report deadline for domestic and foreign LLCs registered in Pennsylvania is September 30, 2025. This marks the first year that this requirement is in effect.
Other filing deadlines are as follows:
Newly formed or registered associations must file their first annual report in the calendar year following formation or registration.
Each annual report must include:
The filing fee for submitting an annual report is $7 for LLCs, LPs, and business corporations. Nonprofit corporations and other entities organized for not-for-profit purposes are exempt from the fee.
The Pennsylvania Department of State will issue reminders approximately two months before the filing deadline to the registered office address. It is critical that associations keep their information up to date with the Department to ensure timely delivery of these notices. However, failure to receive a notice does not relieve an entity of the filing obligation.
Beginning with reports due in 2027, failure to file within six months of the deadline will result in:
Reinstatement or reregistration will remain available, but a name change may be required if the original name has been claimed by another entity.
As your tax advisors, emc would like to clarify that the filing of these annual reports is not included in our tax preparation and filing services. Because this filing is a legal compliance matter, we recommend consulting with your corporate legal counsel or another qualified professional to ensure your business meets the new requirements.
For more information and to access the filing portal, please visit the Pennsylvania Department of State’s official page: Annual Reports | Department of State
Major Federal Tax Legislation Update: What It Means for YouOn July 4, 2025, the One Big Beautiful Bill was signed into law. With perhaps the most sweeping and widespread legislative tax impact since the Tax Cuts and Jobs Act (TCJA) in 2017, this law will impact individuals and businesses for years to come. emc has been monitoring the progress of this bill as its traveled through Congress, reviewing the final legislative language in detail, and we’re providing the following summary to keep you informed of the most impactful changes.
Tax Rates & Standard Deduction
SALT Cap Relief
Child & Dependent Credits
Qualified Business Income (QBI) Deduction
Temporary Exclusions for Tips and Overtime
Estate and Gift Tax Exemption
Mortgage & Personal Deductions
“Trump Accounts” for Children
Charitable & Education Provisions
Bonus Depreciation & Section 179 Expensing
Qualified Production Property
R&D Expensing Restored
Interest Deduction Rule Change (Section 163(j))
Paid Leave & Childcare Incentives
Qualified Small Business Stock
Excess Business Loss Limitation
Opportunity Zones & New Markets Tax Credit
Rollback of Clean Energy Credits
Significant rollbacks have been enacted, reducing or eliminating credits for:
Some clean fuel production credits (e.g., Section 45Z) will continue, but with new limitations based on foreign component sourcing or ownership.
We recognize that these changes may raise questions or prompt a need to revisit your current tax strategy. Our team at emc is here to help you understand how these updates apply to your specific situation and identify opportunities for tax savings or planning.
Please don’t hesitate to reach out with any questions or to schedule a time to discuss your individual or business needs in more detail.
Pennsylvania Enacts New CPA Licensing Law — Act 27 of 2025The path to modernizing the CPA licensure process in the Commonwealth of Pennsylvania has taken a significant step forward with the passing of Act 27 of 2025 which was signed into law by Pennsylvania’s governor, Josh Shapiro, on June 30, 2025.
The public accounting profession is driven by motivated individuals, many of which aspire to obtain their CPA license. For more than a decade prior to the signing of Act 27 of 2025, a candidate seeking CPA licensure in Pennsylvania needed to have 150 credit hours of post-secondary education including the requisite number of accounting-related courses.
The profession has been stressed due to the retirements of senior leaders in many firms coupled with an alarming trend of fewer accounting enrollments in our colleges and universities.
With rising college costs, the 150-credit hour requirement has been perceived as a barrier to entry into the profession.
Pennsylvania has now joined 22 other states that are offering multiple paths to CPA licensure. Below is a summary of the newly enacted paths:
Additional benefits of Act 27 of 2025 include the portability for practitioners’ practices outside of Pennsylvania and a rolling 30-month time frame with which to pass all the parts of the CPA exam.
Kudos to the legislators that sponsored and co-sponsored this bill and to the Pennsylvania Institute of Certified Public Accountants (PICPA) and the other parties that built the momentum to enable this change. This legislation is anticipated to significantly help the public accounting profession within the Commonwealth of Pennsylvania and throughout the entire country as more states continue to evaluate ways to modernize the path to CPA licensure while still preserving the high standards that come with the designation.
Major Tax Reform in Progress: An Overview of the One Big Beautiful BillYou’ve no doubt heard a lot about the “One Big Beautiful Bill.” This sweeping legislative proposal is designed to streamline and simplify a range of tax, financial, and regulatory measures into a single, comprehensive package. While the name may sound lighthearted, the bill itself carries serious implications for taxpayers, business owners, and financial professionals alike. In this post, we’ll break down what’s inside the bill, touching on the important tax provisions for individuals and business owners alike.
The bill has, by a slim margin, been approved by the United States House of Representatives. The United States Senate, specifically the Senate Finance Committee, has released proposed language of their ‘version’ of the bill; however, the Senate as a whole has yet to vote on the proposed legislation.
While the language of the different versions of this bill are in many ways consistent, addressing a large variety of topics, there are important differences. Below you’ll find a breakdown of the important tax implications of bills and how they differ –
Extension of individual provisions that originated with the Tax Cuts and Jobs Act (TCJA).
Many of the tax provisions of the TCJA are set to expire at the end of 2025. The text of both legislative vehicles looks to address the sunset of these provisions for individual taxpayers.
| Provision/Tax Topic | House Version | Senate Version |
| Lower tax brackets (10, 12, 22, 24, 32, 35 and 37) |
Provision made permanent. | Provision made permanent. |
| Elimination of personal exemption | Provision made permanent but allows a temporary $4,000 deduction for seniors age 65 and older after 2024 and before 2029. | Provision made permanent but allows a temporary $6,000 deduction for seniors age 65 and older after 2024 and before 2029. |
| Increased alternative minimum tax (AMT) exemption and threshold | Provision made permanent. | Provision made permanent. |
| Lower limitation on the deduction of mortgage interest | Provision made permanent. | Provision made permanent with mortgage insurance premiums qualifying as residence interest for purposes of the deduction. |
| Increased standard deduction | Provision made permanent with annual increase outlined in the text of the bill. | Provision made permanent with annual increase outlined in the text of the bill. |
| State and Local Tax (SALT) deduction | Increases limitation from $10,000 (under TCJA) to $40,000 with annual increases until 2033. | Increases limitation from $10,000 (under TCJA) to $40,000 with inflationary increases. |
| Child tax credit | Provision made permanent with a temporary increase to $2,500 through 2028 and including inflationary adjustments after 2028. | Increase the base credit to $2,200 including inflationary adjustments. |
| Estate tax exclusion | Provision made permanent with increase in base exclusion to $15 million for decedents dying in 2026 and including inflationary adjustments after 2026. | Provision made permanent with increase in base exclusion to $15 million for decedents dying in 2026 and including inflationary adjustments after 2026. |
| Educator expenses | Not addressed. | Allows for unreimbursed educator expenses to be deduction as a miscellaneous itemized deduction (currently capped at $300 as an above the line adjustment). |
New individual provisions
There has been a large amount of media coverage on the tax changes promised during the Trump administration’s most recent election campaign. These new provisions address many of the more widely talked about changes.
| Provision/Tax Topic | House Version | Senate Version |
| No tax on tips | Provides a deduction from income for amounts received as tips. | Provides a deduction from income for amounts received as tips with deduction capped at $25,000. |
| No tax on overtime | Provides a deduction from income for amounts received as overtime pay. | Provides a deduction from income for amounts received as overtime pay. |
| Automobile loan interest deduction | Allows for a deduction of up to $10,000 for interest paid on automobile loans in 2025 through 2028. | Allows for a deduction of up to $10,000 for interest paid on automobile loans in 2025 through 2028. |
| Trump accounts | Creates tax-favored accounts for newborn children, seeded with $1,000. | Creates tax-favored accounts for newborn children, seeded with $1,000. |
Business provisions
The TCJA created a number of largely tax beneficial changes to legislation. As with the individual provisions above, many of these are set to sunset after 2025. Both houses of Congress have addressed many of these expiring provisions.
| Provision/Tax Topic | House Version | Senate Version |
| Bonus depreciation | Provides for 100 percent bonus depreciation through 2029 for property acquired post January 19, 2025. | Provides for 100 percent bonus depreciation through 2029 for property acquired post January 19, 2025. |
| Research and experimental expenditures | Reinstates the deduction for domestic research and experimental expenditure costs incurred after 2024 through 2029 (taxpayers can elect to amortize). | Makes permanent the deduction for domestic research and experimental expenditure costs, allowing certain taxpayers a retroactive deduction to 2022. |
| Qualified business income deduction | Provision made permanent, increasing the deduction to 23 percent of qualified business income. | Provision made permanent. |
The Senate will need to finalize and approve their version of the bill – an event that appears to be just over the horizon. Assuming this occurs, the House will need to approve the Senate bill as-is or the language of the two separate versions of the bill will need to be reconciled. This reconciliation process is typically handled in joint committee sessions and can be tedious and time-consuming.
Depending on the final differences in the two legislative texts, the bill could move quickly through the reconciliation process if required. Congress as a whole is highly motivated to take action as it relates to these provisions, which could also move the process along more quickly than is typical.
emc will continue to monitor the progress of this legislation as it is finalized in the Senate and moves toward final reconciliation and approval. If you have questions in the meantime, reach out to your advisor at emc – we’d be happy to help!
Annual Report Requirement Under Pennsylvania Act 122 of 2022 – Deadline Approaching!On November 3, 2022, then-Governor Tom Wolf signed Act 122 of 2022 into law, establishing a new annual reporting requirement for business entities operating in Pennsylvania. The Act brings Pennsylvania in line with many other states by requiring both domestic and foreign business associations to file annual reports with the Pennsylvania Department of State.
Entities subject to the new requirement include Pennsylvania business corporations, limited liability companies (LLCs), limited partnerships (LPs), professional associations, business trusts, nonprofit corporations, and other domestic association types, as well as all registered foreign associations.
The requirement to file annual reports begins in calendar year 2025. Filing deadlines vary based on the type of association:
Newly formed or newly registered associations will be required to file their first annual report in the year following their formation or initial registration in Pennsylvania.
Each annual report must include the following:
The filing fee for submitting an annual report is $7 for business corporations, LLCs, and LPs. Nonprofit corporations and other entities organized for not-for-profit purposes are exempt from the fee.
The Department of State will mail annual report reminders to each association’s registered office address at least two months prior to the applicable filing deadline. It is critical that associations keep their information up to date with the Department to ensure timely delivery of these notices. However, failure to receive a notice does not relieve an association of its obligation to file.
Failure to file an annual report will subject an association to administrative dissolution, termination, or cancellation. Starting with reports due in 2027, associations that do not file within six months of their due date will face these administrative actions.
Important Note: If another entity has assumed the name of an association seeking reinstatement or reregistration, the original association must adopt a new name.
As your tax advisors, emc CPAs would like to clarify that the filing of these annual reports is not included in our tax preparation and filing services. Since this filing constitutes a legal matter, we recommend that you consult with your corporate legal counsel or another qualified legal professional to ensure compliance with this new requirement
For more information and to access the filing portal, please visit the Pennsylvania Department of State’s official page: Annual Reports | Department of State
Sean Mansberger has been Promoted to Partner!emc is thrilled to announce the promotion of Sean A. Mansberger to Partner!
Sean has been an invaluable member of our team, bringing his expertise in tax compliance, financial statements, and consulting to our small business clients with dedication and excellence. His commitment to helping clients navigate complex financial matters has played a crucial role in our continued success.
Sean was an original member of the firm when it started over five years ago. His passion for the firm, client service, and staff development has contributed largely to the firm’s success thus far.
Please join us in congratulating Sean on this extremely well-deserved achievement! We are excited about the continued contributions and impact Sean will have in his new leadership role!
Navigating The Corporate Transparency Act: A Guide for Our Valued ClientsAs your trusted Certified Public Accountant, we are committed to keeping you informed about significant changes in laws that may impact your business. Today, we want to enlighten you on the Corporate Transparency Act (CTA) and its significance to your company.
The Corporate Transparency Act, signed into law in 2021, represents a crucial step towards promoting transparency and preventing illicit financial activities. This law aims to enhance corporate accountability by requiring certain businesses to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).
The CTA primarily targets companies that are easily susceptible to money laundering, terrorist financing, and other financial crimes. It requires these businesses to report details about their ultimate beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Beneficial owners are individuals who directly or indirectly hold at least 25% ownership interest in the company, exercise substantial control, or receive substantial financial benefits from the entity.
The Corporate Transparency Act applies to corporations, limited liability companies (LLCs), and other similar entities. If your business falls within these categories, it’s crucial to familiarize yourself with the filing requirements to ensure compliance.
As your dedicated financial partner, we are here to help keep you informed of these changes in the law and any developments that may occur as the law’s implementation continues. Our recommendation as it relates to the filing requirements, determination of eligibility, and actual filing, is to contact your attorney.
The Corporate Transparency Act is a significant stride towards promoting transparency and accountability in the business world. If you have any questions or concerns regarding the CTA, please do not hesitate to reach out.
Thank you for entrusting us with your financial matters.