Tax Time with TD&T: To Be an Employee, or Not To Be…That Has Become The Question

By | 2018-01-11T07:57:33+00:00 January 10th, 2018|Deductions, Employment, TAX|

Many people are wondering if it’s now more beneficial to be self-employed rather than an employee since the release of tax reform details.  Two reasons this is coming up: The itemized deduction for unreimbursed employee expenses is no longer available for tax years 2018-2025. Passthrough income earners (self-employed people) may now potentially take a 20% [...]

Tax Time with Amie: 2017 Tax Planning Tips with Reform in Mind

By | 2017-12-20T12:02:10+00:00 December 20th, 2017|Budget, Deductions, Donation, Government, Preparation, Saving, TAX, Tips|

December is in the home stretch, which means crunch time for 2017 year-end planning!  While it’s important to remember that each taxpayer has a unique situation, and therefore no sweeping generalizations are good to make - below are a few items to consider, especially with 2018 tax reform top of mind.  See my previous blog [...]

Tax Time With Amie: Tax Reform Moves On

By | 2017-12-17T16:33:59+00:00 December 17th, 2017|Change, Government, TAX|

On Friday, December 15, the tax reform conference committee report was released, which gave detail on final proposed tax reform agreements.  I opened the over 1,000-page document around 3am Saturday morning in hopes of putting me back to sleep, but became more intrigued reading, then my husband got up an hour later to go fishing, [...]

Tax Time with Amie: Tax Reform Bill

By | 2017-12-14T10:23:02+00:00 December 14th, 2017|Budget, Change, Economy, Government, TAX|

As you may have heard, Congressional Republicans did reach a deal on a final tax reform bill yesterday.  The House and Senate were to hold a conference committee meeting that included representatives from both sides to work through the differences between the two bills, creating one tax reform bill that would be voted on again [...]

Do You Speak The Language?

By | 2017-12-04T10:36:44+00:00 December 4th, 2017|Advisory, TD&T|

Are you fluent in your business?  Can you speak the language?  Most of us would say of course!  But what language are you speaking?  The financial language or the business language – and why is that distinction important? Answer the following questions: Can you make a profit and not have any cash? Can you make [...]

Monica Sullivan, CPA, Named Principal of TD&T CPAs and Advisors, P.C.

By | 2017-10-16T09:57:47+00:00 October 14th, 2017|TD&T|

[October 16, 2017] TD&T CPAs and Advisors, P.C. (TD&T), a regional accounting, tax and business consulting firm based in Iowa, is proud to announce that Monica L. Sullivan, CPA, has been named a Principal of the firm. Sullivan is a trusted advisor to high net worth families, multi-generational family owned businesses and executives. She specializes in [...]

How the R&D Credit Can Financially Benefit Your Business

By | 2017-12-04T10:01:44+00:00 October 12th, 2017|Exempt, R&D, TAX|

Amie Kuntz, CPA of TD&T’s Tax Department provides some information on how to use the Research and Development Tax Credit to your advantage.   The credit allows business taxpayers to receive an income tax credit for a portion of expenses paid or incurred for qualified research activities.  The credit was established as an incentive for [...]

What Determines Fair Market Value?

By | 2017-10-13T11:43:25+00:00 October 5th, 2017|Business Valuation, Succession Planning|

A recent Minnesota case illustrates how multiple sides in a lawsuit can come to widely varying estimates of the value of a business.  In Lund v. Lund, 27-CV-14-20058, Hennepin County, Minnesota, the plaintiff had tried for nearly twenty years to obtain a buyout order for her 25% interest in the Lund businesses.  Lund included a [...]

Using your Form 990 as a Marketing Tool

By | 2017-10-11T08:53:43+00:00 September 28th, 2017|Fundraising, Nonprofit, TAX, Tips|

Amanda Lane, Tax Manager at TD&T CPAs and Advisors, P.C., provides an overview of using your Form 990 as a marketing tool.  Amanda serves social service organizations, colleges and universities, membership organizations and many others throughout Iowa.   It’s Just a Tax Return, Right? The short answer is no.  As an informational return, the Form [...]