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News

IRS Issues Transition Rule for HSA-Incompatible Vasectomies
When a Maryland statute took effect Jan. 1 requiring all state-regulated health plans to pay for men's vasectomies regardless of any deductible, it left Marylanders' high-deductible health plans (HDHPs) incompatible with IRS rules for health savings accounts (HSAs). 
Maryland Paid Sick Leave Effective February 11
Certain Maryland employers must begin offering paid sick and safe leave to their employees under the Maryland Healthy Working Families Act beginning February 11, 2018.
Overtime Pay Rules: Avoid Making Costly Wrong Assumptions
Overtime pay has been in the news a lot lately because of upcoming changes in the income threshold for exempt status. Those changes take effect in December. But even as employers are gearing up for that development, many are getting tripped up by long-standing overtime pay rules. This article discusses some recent examples. 
Using Dual Monitors Saves Paper and Time
No matter what industry your company is in, there are ways to go green -- in terms of eliminating waste -- that are healthy for the bottom line. Not to mention, many customers feel better about dealing with companies that are good citizens and good stewards of resources. Find out how using dual monitors on your computers can be a win/win for your business and a boost to your bottom line.
DOL's new overtime rule: Assessing the impact
The Department of Labor on May 18 released a final rule amending the requirements for overtimepay that would dramatically increase the salary thresholds for exemption for CPA firms and other businesses in Maryland and throughout the nation.
INSIDE Public Accounting - 2018
TGM has earned the recognition of being named A 2018 IPA Best of the Best Firm.  IPA’s annual Best of the Best recognition honors CPA firms across the country for their superior financial and operational performance based on more than 70 criteria. The selections were based on responses from more than 550 firms that participated in this year’s IPA Survey and Analysis of Firms.  
TGM Announces Recent Promotions!
Olesya Taylor, CPA to Manager.  Olesya joined the firm in January 2015 as a senior accountant.She received her Bachelor of Science degree in Accounting from Salisbury University. Stephanie Chance to Supervisor.  Stephanie started her accounting career in August 2013 as an accounting intern and joined the firm as a full time accountant in August 2014.She received her Bachelor of Science degree in Accounting from Salisbury University. Kristen Krieger, CPA to Super ... More »
TGM Group LLC and Anthony Walter Duncan LLP Announce Merger
Accounting firms TGM Group LLC based in Salisbury, MD and Anthony Walter Duncan LLP (AWD) based in Easton, MD announce the merger of their two firms.
Adam C. Miley Passes CPA Exam
We are pleased to announce that Adam C. Miley has passed the CPA Exam.  Adam is a 2017 graduates of Salisbury University with a Bachelor of Science degree in Accounting.  He began his career with TGM in August 2016 as an intern and joined the firm full-time as a Staff Accountant in August 2017. Congratulations Adam!
Elizabeth A. LesCallett, CPA Earns Valuation Credential
Valuation expert Elizabeth A. LesCallett, CPA has successfully completed the certification process with the National Association of Certified Valuators and Analysts (NACVA) to earn the Certified Valuation Analyst (CVA) credential.  The CVA credential is granted only to qualified individuals with considerable professional experience in the field of business valuation. To become accredited by NACVA, Betsy was required to successfully complete an intensive training and testing process and m ... More »
TGM Announces Recent Promotions!
Elizabeth A. LesCallett, CPA to Manager.  Betsy started her accounting career in January 2012 as an accounting intern and joined the firm as a full time accountant in September 2012.  She received her Bachelor of Science degree in Accounting from Salisbury University in May 2012. Sally M. Hudson, CPA, CISA to Supervisor.  Sally joined the firm in September 2015 as a senior accountant.  She received her Bachelor of Science degree in Accounting & Information Systems fr ... More »
Welcome Tom!
Thomas P. Healey, CPA started on December 12, 2016.  Tom is a graduate of the University of Maryland with a Bachelor of Science degree in Business Management with a concentration in Accounting.  He comes to us with over 35 years public accounting experience. 
Welcome Kristen and Holly!
Kristen L. Krieger, CPA, started November 28, 2016 in the Salisbury office as a full time senior accountant working with the tax department.  Kristen is a graduate of Salisbury University with a Bachelor of Science degree in Accounting and Finance.  She comes to us with 3 years public accounting experience.   Holly L. Bryan, CPA started December 5, 2016 in the Easton office as a full time senior accountant.  Holly is a graduate of Wilmington Univer ... More »
Congratulations on Recent Promotions
TGM would like to congratulate Megan Colins, Miranda Todd and Olesya Taylor on their promotion to Supervisor. Also, Stephanie Schiavo has been promoted to Senior Accountant.  
Welcome Alec!
TGM would like to welcome Alec Hudson who started his internship on August 1st.  He is a current student at Salisbury University with an anticipated graduation date of May 2018.
TGM Group LLC Passes Peer Review
TGM Group LLC is pleased to announce that it has successfully completed a peer review of its accounting & auditing practice. The reviewer(s) concluded that the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs. Our peer review rating of pass indicates TGM Group LLC meets the accounting profession's high standards of quality and professionalism.
CPA Mark Welsh: With Tax Day Passed,
Chances are that if you have a friend who is a Certified Public Accountant, you haven't seen much of them since Christmas. That's because it's tax season, and most if not all Salisbury-area CPAs have been spending long, cold days and nights in their offices, churning out tax forms.   At Salisbury's TGM Group on Mount Hermon Road, partner Mark Welsh has been one such CPA, working hour upon hour toward the April 15 deadline. A member of the Accounting and Auditing Depar ... More »