Entries by sarah.wells@scheffelboyle.com

Scheffel Boyle Employees Raise Over $5,000 for Big Brothers Big Sisters

We had a great season this year for our annual Bowl for Kids’ Sake fundraiser, benefiting Big Brothers Big Sisters of Southwestern Illinois. Between our two teams, our employees raised an outstanding $5,100 to support the programs and overall mission of this wonderful, local organization. Our bowlers go above and beyond for this event and […]

Ensuring Your Long-Term Care Policy is Tax-Qualified

A long-term care insurance policy supplements your traditional health insurance by covering services that assist you or a loved one with one or more activities of daily living. Such activities include eating, bathing, dressing, toileting and transferring (in and out of bed, for example). Long-term care coverage is relatively expensive, but it may be possible […]

Consider the Tax Advantages of Qualified Small Business Stock

While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%. The capital gains rates now have their own statutory bracket amounts, but the 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets […]

Best Accounting Firms List 2019

We are so excited to announce that we have, once again, been featured on the “Best Accounting Firms” list in St. Louis Small Business Monthly. We truly appreciate everyone who took time out of their day to nominate us. And, of course, this recognition really goes out to our amazing, hard-working, dedicated staff for all […]

Deducting Business Losses for Pass-Through Entities

It’s not uncommon for businesses to sometimes generate tax losses. But the tax law limits deductible losses in some situations. And the Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can now deduct. If your company operates […]