Monthly Archives: August 2017

Preparing for a Successful Audit

By |2017-10-06T16:57:18+00:00August 31st, 2017|Assurance, Nonprofit, Preparation|

Dan Montgomery, 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 of [...]

11 Ag Programs that will Strengthen Your Bottom Line

By |2017-10-13T15:36:17+00:00August 24th, 2017|Agriculture, Deductions, Saving|

Susan Voss, CPA, the head of our Agriculture team, provides the next installment in her series on helping farm families understand and respond to changes in agribusiness.   As we continue to march through this period of low commodity prices and high input costs, we must continue looking for opportunities to strengthen our bottom lines.  [...]

Common Strategies when Planning Your Business Succession Plan

By |2017-10-13T15:39:44+00:00August 17th, 2017|Gifts, Preparation, Succession Planning|

Vicki Beckey, CPA, CFF, CSEP, Principal and head of TD&T’s estate department, provides some thoughts on planning for business succession.   Most business owners are busy running their business rather than focusing on business succession.  Business owners need to be thinking about what will happen to their businesses when they retire, die or become unable [...]

Appeals Court Orders Tax Court to Revalue a Business, Saving the Taxpayer Millions

By |2017-10-13T11:42:08+00:00August 10th, 2017|Business Valuation, IRS|

The key to this case is the premise of value concept.  Premise of value poses the question, “Is the business an ongoing business or is it one in which the business will go into dissolution?” The Tax Court’s valuation failed to adequately consider the premise of value, resulting in an appeals decision in favor of [...]

Four Financial Reports that will Help Your Board

By |2017-10-06T16:57:24+00:00August 3rd, 2017|Board, Nonprofit|

Glen Swanson, TD&T Assurance Manager, provides insight on the different types of financial reports and some of the ways your board can use them to improve your organization’s decision making. Boards play a vital role for many nonprofit organizations, including financial oversight. Review of financial reports should be a key agenda item at every board [...]