Advisory

Goal Setting – The First Step in Succession Planning

By |2018-12-13T15:16:53+00:00December 11th, 2018|Advisory, Change, Internal Control, Leader, Preparation, Shareholder, Succession Planning|

Many of us can relate to trying a new diet or exercise program at some point in our lives. What was the key component to success or failure in the program? For me, the answer is easy—my success depended on a few things: Did I fully “buy in” to the program? Did I completely let [...]

4 Items to Consider Before the End of The Year

By |2018-11-16T15:18:26+00:00November 9th, 2018|Advisory, Compliance, Deductions, IRS, Preparation, Tax Planning, Tax Reform, Vehicle|

It’s the time of year when we like to sit down with clients to project current year results and see how we can help them manage their tax liabilities and avoid surprises.  Planning is more important than ever with the changes brought about by the Tax Cuts and Jobs Act. It’s not as simple as [...]

Choosing the Best Business Entity Structure Post-TCJA

By |2018-08-22T14:58:38+00:00August 22nd, 2018|Advisory, Change, TAX, Tax Planning, Tax Reform|

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which apply to sole proprietorships and pass-through entities, [...]

Legal Duties of Board Service

By |2018-11-28T14:45:24+00:00June 28th, 2018|Advisory, Board, Goals, Leading, Nonprofit|

Glen Swanson, CPA and TDT Assurance Manager, provides an overview of the legal obligations for agreeing to serve on a nonprofit’s board. Glen specializes in audits of nonprofit organizations, family-owned businesses, and employee benefit plans and has more than 10 years of experience in public accounting. When agreeing to serve on the board of a [...]

3 Reasons You May Want to Consider Outsourcing Your Accounting

By |2018-07-12T09:08:59+00:00June 19th, 2018|Accounting, Advisory, Goals, Payroll, TAX, Tax Planning, Value|

Jodi Kerr, CPA, and TDT Tax Partner, provides insight to outsourcing your accounting and the mistakes that can be avoided in the process. Jodi specializes in small business consulting, individual and business tax compliance. The 2017 Tax season has concluded. Now is a good time to reflect on the process and identify areas of improvement in your accounting. [...]

Deductibility of Alimony Going Away

By |2018-08-07T14:26:43+00:00May 1st, 2018|Advisory, Business Valuation, Change, Deductions, Litigation Support, Tax Planning|

Jeremy Green, MBA, CPA, ABV, CFE, CFCI, and Senior Forensic & Valuation Associate at TDT, discusses the recent federal tax law changes of alimony payments and how that impacts involved parties. Jeremy specializes in business valuations, forensic accounting and litigation support engagements, succession planning, and management consultation services. Due to recent changes in federal tax law [...]

Do You Speak The Language?

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

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 [...]

Start with Why?

By |2018-11-30T14:50:04+00:00July 10th, 2017|Advisory, Change, Leader, TDT|

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, [...]

Estate Basis Reporting – Getting it Wrong Can Increase Your Taxes

By |2017-04-24T09:26:53+00:00March 1st, 2017|Advisory, Estate Planning, Executor, Gifts, TAX, Tax Services|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift taxes. The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires consistent basis reporting between a decedent’s estate and the beneficiary who inherits property from a decedent. The IRS defines basis as [...]

IRS Proposed Regulations to Limit Use of Discounts

By |2017-04-24T09:25:19+00:00December 1st, 2016|Advisory, Estate Planning, Gifts, IRS|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift taxes. The Internal Revenue Service is proposing regulations to limit the use of discounts when valuing gifts.  Currently there is a unified credit from federal estate tax that allows a lifetime or death-time transfer of $5,450,000 [...]