WEBINAR: 2026 State and Local Tax Update

In this 2026 State and Local Tax Update webinar, our Tax team will provide practical insights into recent legislative, regulatory, and practical updates affecting businesses and taxpayers, with special emphasis on tax planning opportunities.

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Common Weaknesses in Internal Controls Over Financial Reporting

Despite significant investments in governance and compliance programs, many organizations continue to struggle with weaknesses in their internal controls over financial reporting (ICFR). These deficiencies can increase the risk of reporting errors, audit findings, regulatory scrutiny, and reputational damage.

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Changes to Local Tax Sourcing in Pennsylvania

The 2026/2027 Pennsylvania budget was passed on July 12, 2026. As part of the budget legislation, changes were made to sourcing rules relevant to the two local jurisdictions that charge an additional sales tax on top of Pennsylvania’s 6% sales tax.

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Trump Accounts Under OBBBA: What Families Should Know Before Contributing

The One Big Beautiful Bill Act (OBBBA) enacted on July 4, 2025, introduced several new measures, including Trump accounts, effective for taxable years beginning after December 31, 2025. Our Tax team breaks down what Trump accounts actually are and what families should know before contributing.

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How can we help you thrive?

When was the last time anyone asked you this question? We ask it every day, understanding only one definition of thriving matters: yours.

Whether you’re an organizational leader seeking a deeper connection with your business and accounting advisor, a candidate searching for a vibrant and adaptable career path, or a community leader forging networks for positive transformation, change begins with connection.

At McKonly & Asbury, the heart of each of our relationships is collaboration, centered on Helping Others Thrive. We serve a wide range of industries—including Architecture, Engineering and Construction; Nonprofit; Manufacturing & Distribution; Healthcare; Affordable Housing; and Family-owned Businesses—delivering services that align with each client’s distinct goals and needs.

Our services include tax, audits, reviews and compilations, employee benefit plan audits, SOC audits, CMMC compliance, Sarbanes-Oxley assistance, business valuations, and state and local tax. Whether supporting organizations through compliance or helping drive strategic growth, we are committed to being a dependable and engaged advisor every step of the way.

Would you like to explore a relationship where the focus is on you? Let’s start a conversation today.

Services

Tax

Tax

Cybersecurity Maturity Model Certification

Cybersecurity Maturity Model Certification

Business Valuation Services

Business Valuation Services

HITRUST

HITRUST

SOC Audits

SOC Audits

Audit & Assurance

Audit & Assurance

Industries

Architecture, Engineering, and Construction (AEC)

Architecture, Engineering, and Construction (AEC)

Manufacturing & Distribution

Manufacturing & Distribution

Entrepreneurial

Entrepreneurial

Franchises

Franchises

Affordable Housing

Affordable Housing

Healthcare

Healthcare

Featured Articles

A Sense of Urgency – Now Is Good!

A Sense of Urgency – Now Is Good!

Summer is here – it is the time of year where long vacations and office closures on Fridays are becoming more commonplace, and that overarching environment makes for a more relaxed approach to work and other things like projects requiring attention at home. After all there is always tomorrow to get it done… so, sandy beach here we come! An alternative take on the topic of summer is that it is a perf… Read more

Common Weaknesses in Internal Controls Over Financial Reporting

Common Weaknesses in Internal Controls Over Financial Reporting

Key Takeaways Strong ICFR Reduces Risk: Effective internal controls improve financial reporting accuracy and help prevent errors and fraud. Address Common Weaknesses: Focus on segregation of duties, reconciliations, management reviews, user access, journal entries, and documentation. Internal Audit Adds Value: Ongoing assessments help identify control gaps, strengthen compli… Read more

Trump Accounts Under OBBBA: What Families Should Know Before Contributing

The One Big Beautiful Bill Act (OBBBA) enacted on July 4, 2025, introduced several new measures, includ… Read more

Common Form 5500 Mistakes

Form 5500 is an annual return filed with the DOL that contains information about employee benefit plans… Read more

VIDEO: FAR Overhead Rate Audit Process

FAR Overhead Rate Audit Process In this video, Dan Sturm, Partner and Director of our Architecture, Eng… Read more

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McKonly & Asbury Culture

Core Values provide the foundation for our culture and uniquely represent who we are, define how we conduct ourselves and portray how we interact with our colleagues and clients. These Core Values personify the type of employees that we look for when we recruit, as well as what we should strive for as we advance in our careers.

Careers at McKonly & Asbury

Our uniquely collaborative and casual yet professional work environment empowers our team members to elevate their skills and advance in their careers. Our mission, Helping Others Thrive, is at the center of all we do, who we are, and who we serve.

McKonly & Asbury Culture

Core Values provide the foundation for our culture and uniquely represent who we are, define how we conduct ourselves and portray how we interact with our colleagues and clients. These Core Values personify the type of employees that we look for when we recruit, as well as what we should strive for as we advance in our careers.

Careers at McKonly & Asbury

Our uniquely collaborative and casual yet professional work environment empowers our team members to elevate their skills and advance in their careers. Our mission, Helping Others Thrive, is at the center of all we do, who we are, and who we serve.