Mark Korte, CPA, CCIFP was recently featured in the August issue of St. Louis Small Business Monthly as a “Top Accountant”. Mark was one of only three local CPAs honored. In the feature, Mark was asked was motivated him to help business owners. He responded saying, “Successful business owners have a vision of what their […]
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Scheffel Boyle has been nominated as a finalist for the Best Places to Work in Southwestern Illinois by the Illinois Business Journal! Help us reach the winner’s circle and cast your vote for us today! Voting ends August 19th and there’s no registration required to support us. Thank you for this great recognition! VOTE […]
We are excited to share that a total of 25 professionals were recently promoted throughout the firm. Congratulations and we wish you all the best in your new roles! Manager Crystal Bock, CPA (Jerseyville) Supervisor Jason Grunlund, CPA (Edwardsville) Christopher Sobrino, CPA (Alton) Senior Accountant Patrick Meyer, CPA (Highland) Taylor Jarvis, CPA (Highland) Andrew Patterson […]
We are excited to announce the recent promotion of Josh Andres, CPA to Principal! Josh joined our firm in 2006 and serves clients out of the Alton office. He is a senior leader on the Construction Accounting Team and also specializes in working with governmental agencies and privately held businesses. Josh graduated with both his […]
Despite its name, the Tax Cuts and Jobs Act (TCJA) didn’t cut all types of taxes. It left several taxes unchanged, including the 3.8% tax on net investment income (NII) of high-income taxpayers. You’re potentially liable for the NII tax if your modified adjusted gross income (MAGI) exceeds $200,000 ($250,000 for joint filers and qualifying […]
When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is especially important now due to some changes under the […]
You may have breathed a sigh of relief after filing your 2018 income tax return (or requesting an extension). But is your office strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records? Or perhaps your computer desktop is filled with a multitude of digital tax-related […]
Traditional and Roth IRAs can be relatively “safe” retirement-savings vehicles, depending on what they’re invested in. But a drawback is that they limit your investment choices. A self-directed IRA gives you more flexibility in your investment choices but comes with greater risk as well. Gaining More Control A self-directed IRA is simply an IRA that […]
Many taxpayers learned some tough lessons upon completing their 2018 tax returns regarding the changes brought forth by the Tax Cuts and Jobs Act (TCJA). If you were one of them, or even if you weren’t, now’s a good time to check your bracket to avoid any unpleasant surprises next April. Under the TCJA, the […]
July 15 — If the monthly deposit rule applies, employers must deposit the tax for payments in June for Social Security, Medicare, withheld income tax and nonpayroll withholding. July 31 — If you have employees, a federal unemployment tax (FUTA) deposit is due if the FUTA liability through June exceeds $500. The second quarter Form […]
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