Monthly Archives: March 2018

5 Things for Manufacturers to Know About Tax Reform

By | 2018-04-23T08:53:04+00:00 March 29th, 2018|Accounting, Deductions, IRS, Manufacturing, TAX, Tax Reform|

Amie Kuntz, Tax Manager at TD&T CPAs and Advisors, P.C., expands on 5 tax reform items for manufacturers. Amie serves privately held businesses across Iowa, providing tax services and strategic planning opportunities. Tax reform has businesses of all kinds contemplating how it will affect them. In a sense, it’s a great catalyst to reevaluate your [...]

5 Ways to Help Your Board Understand Financial Reports

By | 2018-04-17T10:28:41+00:00 March 27th, 2018|Board, Nonprofit, Records|

Glen Swanson, TD&T Assurance Manager, provides ideas on how to help those outside of the finance office gain a better grasp on your organization’s financial reports. When presenting financial reports to your board or to staff outside of the finance team, do you find a lot of drooping eyelids and confused looks? Unfortunately, many individuals [...]

Cash is the Oxygen of the Business – Reasons a Profitable Business Can Fail

By | 2018-04-25T09:31:12+00:00 March 22nd, 2018|Budget, Business Valuation, Saving|

On a hot summer day when I was a child, I opened a lemonade stand in front of my parent’s house. Before I knew it, I had sold my entire inventory of lemonade. My sales mixture consisted of a small portion of cash paying customers driving by, however, a large portion was “credit” sales to [...]

Estate Tax Closing Letter Requirements

By | 2018-04-17T10:30:43+00:00 March 20th, 2018|Estate Planning, IRS, Preparation|

Prior to June of 2015 the IRS issued an estate tax closing letter for every estate tax return filed. This letter included the amount of net estate tax, the state death tax credit, and any generation skipping tax liability. On June 1, 2015 the IRS began to issue estate tax closing letters only to those [...]

Performance Measurement: Board of Director Composition

By | 2018-06-18T16:17:10+00:00 March 20th, 2018|Board, Nonprofit, Performance Measurement, Tips|

  TD&T Tax Manager, Amanda Lane, CPA provides the first in our Performance Measurement Video Series. This week's episode is on the metric: Board Director Composition.

5 Questions to Ask When Creating a Dashboard for Your Organization

By | 2018-04-17T11:05:47+00:00 March 15th, 2018|Goals, Nonprofit, Performance Measurement, Tips|

Amanda Lane, Tax Manager at TD&T CPAs and Advisors, P.C., provides an overview of creating dashboards. Amanda serves social service organizations, colleges and universities, membership organizations and many others throughout Iowa. Where to start? When meeting with clients and prospects, the topic of dashboards comes up quite frequently. Dashboards tend to be the new buzzwords [...]

Employer Risks Associated with Wage Garnishments

By | 2018-04-17T10:30:58+00:00 March 13th, 2018|Accounting, Employment, Garnishment|

Jodi Kerr, Tax Principal at TD&T CPAs and Advisors, P.C., provides some insight on types of wage garnishments and possible employer risks. Many businesses are dependent on a dedicated, dependable work force. Hiring, retaining and compensating employees adds another level of challenges to a small business owner. One specific challenge involves managing employee wage garnishments. [...]

Standard of Value in Divorce Proceedings – Getting it Wrong Could be Costly!

By | 2018-04-25T10:42:44+00:00 March 8th, 2018|Business Valuation, Value|

Do you recall a time when you were traveling between different states and noticed the interstate speed limits were different, sometimes 65 MPH and other times 70 MPH depending on what state you were in? It is safe to say that different states (jurisdictions) have different laws regarding the speed limits. It is the responsibility [...]

How to Account for Non-Cash Contributions as a Nonprofit Organization

By | 2018-04-17T10:29:07+00:00 March 6th, 2018|Accounting, Donation, Gifts, Nonprofit|

Dan Montgomery, CPA and Senior Assurance Associate at TD&T, explains accounting treatment for non-cash contributions. 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 CPAs, and serves nonprofit [...]