Add Business Tax Planning to Your Summertime Calendar
Tax planning for small business owners isn’t restricted to the end of the year. There is plenty you can do in the summer months to reduce your 2016 tax liability. Here are six moves to consider now. Business Equipment Thanks to recent legislation, the Section 179 deduction and bonus depreciation… Read More»
Interest rate changes affect your financial choices
For almost the entire past decade, interest rates held steady at near-zero levels. Then, in mid-December 2015, the Federal Reserve raised rates by one-quarter percentage point. Market watchers and economists expect further rate increases in the coming months. How will you be affected? Technically speaking, only the federal funds rate… Read More»
Lesser-known tax “extender” rules reveal savings
The “extender” tax legislation passed in December made permanent many well publicized tax deductions. But a peek under the hood reveals some lesser-known changes that could impact your taxes. Payroll penalties. Beginning in 2017, small errors (generally $100 or less) on information returns such as Forms W-2 and 1099 will… Read More»
Put these tax breaks to use on your 2015 income tax return
In mid-December 2015, Congress extended tax deductions and credits that had been scheduled to expire. Here are several you can benefit from as you prepare your 2015 personal and business federal income tax returns. Child credit. You can claim this $1,000 tax credit for each qualifying dependent child who was… Read More»
Stan Sandvik Passed Away January 28, 2016
The Widmer Roel family is mourning the loss of a wonderful friend and partner. Stan Sandvik passed away on January 28, 2016 in Texas. Wright Funeral Home is in charge of the arrangements and you may visit their website for a full obituary https://shar.es/1hV3rg. Please keep the Sandvik family in… Read More»
Widmer Roel named to the AICPA’s Group of 400 (G400) in 2015
The AICPA has identified Widmer Roel as one of the 500 largest firms in the United States. There are more than 45,000 firms within the AICPA’s membership. G400 is the AICPA’s initiative focused on helping firms gain greater insight into the opportunities, concerns and challenges of running a practice. The… Read More»
Mike Misheski and Randy Heller attended CPAmerica International’s 2015 Next Generation Conference
This two track conference, one track for first-time attendees and another track for returning attendees, introduced CPAs with four to 10 years of accounting experience to other future leaders and exposed them to valuable lessons which they brought back to their firms. First-time attendees were immersed in relationship building, leadership… Read More»
Working Capital Considerations in a Merger or Acquisition
Negotiating working capital is one of the more challenging issues in closing a deal. Buyers and sellers often negotiate an acquisition on a cash-free, debt-free basis. In these cases cash, lines of credit and notes payable are all excluded. This can end up being more complicated than it initially seems.… Read More»
Depreciation Changes Effective in 2014
The IRS has finalized Regulations regarding the treatment of tangible property which are effective on January 1, 2014. For more information regarding these change sand how they will affect your business, please follow the link. Depreciation Changes Effective 2014
Affordable Care Act Changes for 2014
All employers who offer health insurance or reimburse employees for health insurance are affected by the changes that are required by the Affordable Care Act. Please follow the link for more information. Affordable Care Act Changes for 2014