Entries by sarah.wells@scheffelboyle.com

Proudly Announcing our 2019 Promotions

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 […]

Josh Andres Promoted to Principal

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 […]

Planning for the Net Investment Income Tax

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 […]

Consider the Flexibility of a Self-Directed IRA

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 […]