Blog
Read about financial, accounting, and general news from our team members
CARES Act Update
We want to keep you up to date on some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. Below are the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress's gigantic economic stimulus...
New Small Business Administration Website Dedicated To COVID-19 Guidance And Resources
The Small Business Administration (SBA) has a new website called Coronavirus (COVID-19): Small Business Guidance and Loan resources. The new website includes information on the Paycheck Protection Program, Economic Injury Disaster Loans, SBA debt relief, SBA Express...
COVID-19 Legislation Details & Resources
We are aware of the uncertainty that is swirling amid the recent COVID-19 outbreak, especially for small businesses and individuals. We are doing our best to stay up to date on the ever changing legislation and relief aid that could affect you and your businesses. ...
Governor Reynolds Announces COVID-19 Iowa Small Business Relief Program
FROM THE OFFICE OF THE GOVERNOR Governor Kim Reynolds ★ Lt. Governor Adam Gregg FOR IMMEDIATE RELEASE: Monday, Mar. 23, 2020 CONTACT:Pat Garrett, (515) 802-0986 Ashley Jared (IFA) 515.452.0474John Fuller (IDR) 515.318.8864 Governor Reynolds today announced the...
Coronavirus (COVID-19) Announcement
At this time of heightened awareness of communicable viruses and infections, we want to make sure our clients are aware that we are concerned about your health and the health of our employees. Please know that we are taking extra precautions including: Refraining...
Congrats To Stephanie On Passing The CPA Exam
We're excited to share that Stephanie recently passed her CPA exam, and she'll soon be the newest CPA in the office. We're very proud of the hard work Stephanie put into this great accomplishment. Please join us in congratulating Stephanie!
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...