Blog
Read about financial, accounting, and general news from our team members
Acquisition Of Harris Accounting & Taxes Co.
,Effective January 1, 2020, we have acquired Harris Accounting & Taxes Co. We have enjoyed a relationship with Linda Harris and her company for more than thirty years. The two firms have had mutual respect and worked closely together on many projects over the...
2019 Tax Filing Season – Qualified Business Deduction for Rental Properties
As we enter the 2019 filing season we now have a year of the Tax Cuts and Jobs Act (TCJA) of 2018 under our belts. During the 2018 filing season there was still a lot of “gray area” when it came to the Qualified Business Income Deduction (QBI) and what qualified for...
IRS Requirements For Virtual Currency Transactions
When you complete the questions in your 2019 organizer, pay special attention to the last question in the Income section, “At any time in 2019 did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” This ‘Yes’ or...
Updated Mileage Rates For 2020
The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2020, the standard mileage rates...
The Waldeier’s Welcome A New Member To The Family
Morgan and Kellen Waldeier welcomed Reed Allen in the world at 10pm on Tuesday, November 6th. He weighed 7lb 10oz and was 20" long. Mom and baby are doing great!
Nonprofit And General Tax Tips For 2019
The Iowa Society of CPAs has published a tip sheet for nonprofit organizations as well as a general tax tip for businesses. You can find these tip sheets below. 2019 Nonprofit Tips 2019 Tax Tips
Des Moines Dream Center Volunteer Day
This year’s volunteer project was at Des Moines Dream Center. On October 2nd, we closed the office for a full day and all staff members were invited to go down and help with projects of all sorts. We installed 3 full rooms of carpet tiles, painted a clothes room for...
Final Rules Regarding Overtime Pay For Employees For 2020
The Department of Labor Wage and Hour Division issued final rules regarding overtime pay for employees on September 24, 2019. The new rules are in effect beginning on January 1, 2020. In part, the new rules raise the standard salary level from the currently enforced...