Start with Why?

By | 2017-07-10T16:38:28+00:00 July 10th, 2017|Advisory, Change, Leader, TD&T|

Has anyone ever asked you what your “why” is?  Why do you get up in the morning, why are you passionate about your hobbies or why do you love your career?  I had never really considered what my answer to these why questions were until recently.  I’ve always known that I loved business and accounting, [...]

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 [...]

What is an Audit and Why Do I Need One?

By | 2017-07-16T13:51:35+00:00 May 25th, 2017|Assurance, Nonprofit|

Dan Montgomery, a CPA and Senior Assurance Associate at TD&T, explains what an audit entails and why audits are important.  With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities and employee benefit plans.  Dan is a member of the American Institute of Certified Public Accountants and the Iowa Society [...]

Reasons to Have a Will

By | 2017-07-10T09:35:16+00:00 May 18th, 2017|Change, Estate Planning, Executor, Gifts, Long-Term Care, Trust|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift tax issues Most people have probably heard advice from someone that they should have a will.  When pressed for reasons why, those giving the advice may have trouble coming up with something more than, “for tax [...]

Record Keeping: How Long Do I Need to Keep Records?

By | 2017-07-16T13:50:20+00:00 May 11th, 2017|IRS, Mail, Records, Tips|

Lyndi DeVries, Business Services Manager at TD&T, provides some guidance regarding industry and IRS standards for record keeping. “Our clients ask all the time how long they need to keep records,” according to Lyndi DeVries.  Advice differs somewhat depending on the source, but some common-sense guidance can help you answer this question for yourself and [...]

Do You Have The Right Type of Budget For Your Nonprofit?

By | 2017-07-07T15:49:41+00:00 May 4th, 2017|Budget, Goals, Nonprofit, Saving|

Amanda Lane, Tax Manager at TD&T CPAs and Advisors, P.C., provides an overview of budgeting for non-profit organizations in this quarter’s newsletter.  Amanda serves social service organizations, colleges and universities, membership organizations and many others throughout Iowa. Budget Planning Starts with Knowing Yourself and Your Organization More clearly, you need an objective understanding of your [...]