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    • Brad Schueler
      Jul 13, 2018 | Brad Schueler

      Tax Planning and Your Investment Portfolio

      Summertime is back upon us and brings with it a break from school for families, summer vacations, and generally a more relaxed pace of life.  The stock market has gotten off to a volatile start this summer.  Market volatility can lead to rebalancing of a portfolio, which may, however, lead to tax…

    • Tricia Austing
      Jul 12, 2018 | Tricia Austing

      Supreme Court Overturns Sales Tax Nexus Ruling

      Supreme Court Overturns Sales Tax Nexus Ruling

      On June 21, 2018, the United States Supreme Court issued a ruling in South Dakota v. Wayfair that overturned the physical presence standard issued in Quill v. North Dakota. Under the physical presence standard, a seller had to have property, employee…

    • John Eberhart
      Jul 12, 2018 | John Eberhart

      Combining Liquidity and Efficiency Metrics

      Cash conversion cycle can be a useful management tool
      How long does it take your company to convert raw materials to cash collected from customers? The cash conversion cycle is a financial metric that answers this critical question. Here’s a closer look into how it’s calculated and what it mean…

    • Jay Rueger
      Jun 20, 2018 | Jay Rueger

      Tax Reform and the Service Industry

      As we approach the halfway point of the 2018 calendar year, taxpayers are fully aware that in December of 2017, President Trump signed into law P.L. 115-97, known as The Tax Cuts and Jobs Act (TCJA).  This piece of legislation provides for the largest change to United States tax law since 1986.  T…

    • Nathan Oswald
      Jun 20, 2018 | Nathan Oswald

      Could Receivables Fraud Strike Your Company?

      From invoices and payments to discounts and write-offs, many transactions are recorded to accounts receivable. This makes receivables a popular fraud target. Moreover, receivables schemes tend to be hard to detect, allowing them to run for long periods and cause significant losses.

      Common Schemes…

    • Mike Clark
      May 16, 2018 | Mike Clark

      Welcome Jay Rueger, Tax Partner

      We are pleased to announce Jay Rueger as the newest member of the team.  Rueger, who has more than 18 years of public accounting experience, will serve as a Tax Partner working with high net worth families and their family offices, as well as closely held businesses.

      “It’s an honor and a pri…

    • Jamie Applegate
      May 14, 2018 | Jamie Applegate

      IRS Issues Temporary Guidance on New Limit on Busi...

      Since the passing of the Tax Cuts and Jobs Act (TCJA) in late 2017, taxpayers have had more questions than answers on many topics. Baby steps were made with IRS Notice 2018-28, which provides some temporary guidance on the business interest expense deduction under Code Sec. 163(j) until the IRS issu…

    • Nathan Oswald
      May 14, 2018 | Nathan Oswald

      Consider a Different Route

      Four Accounting Alternatives That May Reduce Financial Reporting Costs

      Many privately held companies prepare audited financial statements that comply with Generally Accepted Accounting Principles (GAAP) as established by the Financial Accounting Standards Board (FASB). They do so, at least in par…

    • Julie Griswold
      May 11, 2018 | Julie Griswold

      Potential Tax Relief on 2017 Tax Returns in Federa...

      The President recently declared federal disaster areas for numerous counties affected by the severe storms, flooding, landslides and mudslides which occurred in Indiana from February 14 to March 4, 2018, in Ohio during the period of February 14 to 25, 2018 and in West Virginia during the period of F…

    • James McGrath
      Apr 27, 2018 | James McGrath

      Rough Seas Ahead, Should you Change Course?

      As most everyone knows, the past few months have seen volatility return to the investment markets.  2017 was a historic year for the S&P 500 (500 largest US companies) where the index was positive every month of the year with the number of 1% moves experienced (up or down) only being eight. We…

    • Andrew Green
      Apr 27, 2018 | Andrew Green

      Know the Perils of Financial Testimony by Owners a...

      Owners, executives and other key employees sometimes testify in litigation involving lost profits or valuation issues. But beware: Layperson testimony that crosses over into expert witness territory is at risk of being excluded from evidence.

      Lay vs. expert testimony

      Rule 701 of the Federal Ru…

    • Marc Wambaugh
      Mar 21, 2018 | Marc Wambaugh

      Should You Establish a Donor-Advised Fund?

      Many taxpayers around the country have given to charity for years and the tax deduction associated with those donations was an added bonus.  However, with the sweeping new tax law changes that took effect in January 2018, some taxpayers may no longer receive a tax benefit for donations.  The new s…

    • John Eberhart
      Mar 21, 2018 | John Eberhart

      Combining Liquidity and Efficiency Metrics: Cash C...

      How long does it take your company to convert raw materials to cash collected from customers? The cash conversion cycle is a financial metric that answers this critical question. Here’s a closer look into how it’s calculated and what it means.
      Liquidity vs. Turnover
      Liquidity ratios tell wheth…

    • Brian Stautberg
      Mar 15, 2018 | Brian Stautberg

      Tax Cuts and Jobs Act Impact on Retirement Plans a...

      The Tax Cuts and Jobs Act modifies several provisions related to retirement plans and IRAs. These include:

      the repeal of the special rule permitting recharacterization of Roth IRA conversions,
      an increase in the period during which a qualified plan loan offset amount may be rolled over,
      r…

    • Brian Stautberg
      Mar 12, 2018 | Brian Stautberg

      Changes to Alternative Minimum Tax for Individuals

      The Tax Cuts and Jobs Act temporarily increases the alternative minimum tax (AMT) exemption amounts for individuals for tax years 2018 through 2026 and significantly increases the point at which the exemption begins to phase out. The AMT system was originally enacted to ensure that all taxpayers, pa…

    • Brian Stautberg
      Mar 08, 2018 | Brian Stautberg

      Impact of the Tax Cuts and Jobs Act on Homeowners

      Traditionally, tax law provides numerous incentives for home ownership by allowing the deduction for mortgage interest and real estate tax. The Tax Cuts and Jobs Act modifies these popular tax benefits as explained below.

      Mortgage Interest

      Home mortgage interest is generally deductible if it i…

    • Brian Stautberg
      Mar 05, 2018 | Brian Stautberg

      Estate, Gift, and GST Tax Exclusions Increased

      The Tax Cuts and Jobs Act doubles the basic exclusion amount for federal estate and gift taxes and the exemption amount for the generation-skipping transfer (GST) tax. For the estates of decedents dying and gifts made after 2017 and before 2026, the amount increases from $5 million to $10 million, a…

    • Brian Stautberg
      Mar 01, 2018 | Brian Stautberg

      New Favorable Tax Depreciation Provisions

      The Tax Cuts and Jobs Act modifies provisions related to depreciation and expensing of fixed assets. These changes extend and modify the additional first-year depreciation deduction through 2026 (through 2027 for longer production period property and certain aircraft), increase the Code Sec. 179 dol…

    • Brian Stautberg
      Feb 27, 2018 | Brian Stautberg

      Impact of Tax Cut and Jobs Act on Families

      The Tax Cuts and Jobs Act made sweeping tax changes that impact virtually all taxpayers. For individual taxpayers and their families, changes include a decrease in the tax rates, repeal of the personal exemption, increase in the standard deduction, modification to itemized deductions, and doubling o…

    • Brian Stautberg
      Feb 22, 2018 | Brian Stautberg

      Corporate Tax Changes

      The recently enacted Tax Cuts and Jobs Act calls for a 21-percent corporate tax rate beginning in 2018. The maximum corporate tax rate previously topped out at 35 percent. In addition, the 80-percent and 70-percent dividends-received deductions under previous law were reduced to 65 percent and 50 pe…