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Tax Relief Act of 2010 Extends Bush – Era Tax Cuts and Carries a Host of Other Tax Breaks

by Larry Brodnik, CPA | Senior Tax Partner On December 15, the Senate passed the bill that was introduced by Senate Majority Leader Harry Reid (D-NV) the H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Tax Relief Act). Now the bill will be going to the House for consideration. The proposed Tax ...

Excel Text Functions

by Rich Wagoner, CITP.CPA | Principal, Director of Technology How many times have you received a spreadsheet and one of the columns needs split up into separate cells or maybe you need to combine a few cells into one cell. Excel has a number of text functions that can help with these tasks and reduce your time fixing the spreadsheet.

Operating Leases May End Up On Your Balance Sheet

by Alicia Rader, CPA and Tim Ayler, CPA | Team Members of the Construction Services Group Many contractors balance sheets will be changing in the next few years due to proposed changes that are anticipated to be made to the way leases are treated for accounting purposes. Currently, many companies lease their building, or large pieces of equipment, ...

Make Note: 2011 Changes in FUTA and SUTA

by Melissa Merrick and Larry Brodnik, CPA | Team Members of the Tax Services Group There are two major changes that will be occurring in 2011 regarding FUTA (Federal Unemployment Tax Act) and SUTA (State Unemployment Tax Act): (1) FUTA rate for Indiana companies will increase from .8% to 1.1%, and (2) SUTA wage base will increase from $7,000 to ...