Monthly Archives: June 2017

Medical and Home Improvement Deductions

By | 2017-07-16T15:12:15+00:00 June 29th, 2017|Deductions, Healthcare, Insurance, IRS, Saving|

Kyle Merry, Tax Associate, and Joshua Buckingham, CPA and Principal at TD&T focus on two commonly used tax deductions in this article. The medical expense deduction is one of the more detailed tax subjects for clients.  In most instances this deduction will not qualify due to not meeting the minimum threshold.  However, there are some [...]

Why Put Off Until Tomorrow What You Can Do Today?

By | 2017-07-16T15:01:25+00:00 June 22nd, 2017|FASB, Government, Nonprofit|

Joseph B. Ryan, Assurance Principal with TD&T, provides some insight on how new accounting standards for nonprofit organizations can improve understanding and provide better information for stakeholders. I’m sure Benjamin Franklin was not considering accounting standards when he made this quote, but this article will address its applicability.  The Financial Accounting Standards Board (FASB) in [...]

Take Advantage of Tax Code Provisions for Casualty Losses and Involuntary Conversions

By | 2017-07-16T14:44:18+00:00 June 15th, 2017|Agriculture, Deductions, Exempt|

Susan Voss, CPA, TD&T’s Agriculture Industry Leader, provides the next installment in her series on helping farm families understand and respond to changes in agribusiness. Overview Here in the Midwest, we encounter events that change our operation’s plan on a fairly regular basis.  The wildfires that recently occurred in Kansas are a good example of [...]

Financial Oversight Can Make or Break an Organization

By | 2017-07-21T08:47:21+00:00 June 8th, 2017|Goals, Nonprofit, Tips|

Glen Swanson, CPA –  Assurance Manager in TD&T’s West Des Moines office addresses the important financial oversight role played by nonprofit board members.  Individuals often agree to serve on a nonprofit’s board because they have a strong passion for the organization.  While this passion is important, overseeing the finances is equally important.  Board members need [...]

Start Saving Now With College Savings Iowa

By | 2017-07-16T13:48:22+00:00 June 1st, 2017|Budget, Investment, Saving|

Amie Kuntz and Monica Sullivan of TD&T’s Tax Department provide some information on the benefits provided by College Savings Iowa When should you start saving for college?  As you look into the eyes of your newborn baby, thinking about college may be the furthest thing from your mind, which might already seem a bit cloudy [...]