We’d like to wish a big CONGRATULATIONS to Lauren Nettles from our Carrollton office for officially passing all parts of the CPA Exam! We are so proud of all you’ve accomplished and can’t wait to see where you go from here.
This author has yet to write their bio.Meanwhile lets just say that we are proud email@example.com contributed a whooping 120 entries.
Entries by firstname.lastname@example.org
October 15 — Personal federal income tax returns for 2018 that received an automatic six-month extension must be filed today and any tax, interest and penalties due must be paid. The Financial Crimes Enforcement Network (FinCEN) Report 114, “Report of Foreign Bank and Financial Accounts” (FBAR), must be filed by today, if not filed already, […]
Some medical expenses may be tax deductible, but only if you itemize deductions and you have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time controllable medical expenses to your tax advantage. The Tax Cuts and Jobs Act (TCJA) made bunching such expenses beneficial for some […]
It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly. If you don’t, you might hear from the IRS. Why Loans are Better When an owner withdraws funds from the company, the transfer can be characterized as compensation, a distribution […]
When you read the phrase “disaster prep,” you may envision bottled water and boarded-up windows. But information is also a critical asset to have following a natural or manmade catastrophe. Here are four specific types of information you need: Personal identification records. These documents will enable you to prove the identity of your family members, […]
Classifying a worker as an independent contractor frees a business from its portion of payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll taxes. For these reasons, the federal government […]
St. Louis Small Business Monthly (SBM) recently announced Jeff Westerhold, MBA, CFP®, as one of the top five finalists on the publication’s annual “Best Wealth Managers”*. Westerhold, Principal of Scheffel Financial Services, will be featured along with the other finalists in the Business Owner’s Guide and in SBM’s Book of Lists. They will also be […]
From a tax perspective, appreciated artwork can make one of the best charitable gifts. Generally, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains taxes you’d owe if you sold the property. The extra benefit from donating artwork comes from the fact that the […]
Are you divorced or in the process of divorcing? If so, it’s critical to understand how the Tax Cuts and Jobs Act (TCJA) has changed the tax treatment of alimony. Unfortunately, for many couples, the news isn’t good — the tax cost of divorce has risen. What’s Changed? Under previous rules, a taxpayer who paid […]
We are excited to introduce six new members of our growing team. The additions include Southern Illinois University Edwardsville graduates Sydney Boschert, Megan Messer, and Madeline Livvix; and Lindenwood University graduates Eric Radake and Rachel Alde. Most of whom completed our FOCUS Internship Program in Spring 2019 and will now continue their careers as our […]
Serving St. Louis, the Metro-East and Southwestern Illinois since 1924.