Pop!

by Heather Phillips, CPA | Manager, Not-for-Profit Services Group When the real estate bubble burst after decades of inflation, many home-owners saw their property decline in value. Some decided to ‘stay the course’ hoping to see prices start to go back up, while others had to sell – sometimes suffering a hefty loss. The commercial ...

Year-End Planning: Making the Most of Quick Write-offs for Capital Expenditures

  Jim Wagoner, CPA | Partner, Director of Tax Services Group Although bonus first-year depreciation and more-generous Code Sec. 179 expensing limits have been extended before, another lease on life for these tax breaks is far from certain this time around. Unless Congress acts, additional ‘bonus’ depreciation deductions equal to 50% ...

What You Are Required to do if You Receive a Health Insurance Rebate

By Anita Lawrence, CPA, Manager, Audit and Other Assurance Services Group | Brandon Cook, CPA, Partner, Tax Services Group You should have received a letter from your insurer towards the end of June letting you know whether or not you should expect a refund from your insurance company. Insurers are now required to let you know how much they spent ...

Expiring Provisions: Adoption Tax Benefits

By Felicia Rupp, Senior, Tax Services Group | Jim Wagoner, CPA, Partner, Tax Services Group There are several tax provisions (the Bush Tax Cuts) scheduled to expire at the end of 2012. We have summarized the change regarding the Adoption Tax Benefits below. Please look for future tax update articles that will include more information on the other ...