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2013 Changes for Indiana Business Taxpayers

by Abbey R. Lakin, Senior, Tax Services Group | Jim Wagoner, CPA, Partner, Director of Tax Services Group This year the Indiana state legislature passed new laws that affect Indiana business taxpayers. These new laws include mandatory electronic filing for all Indiana sales and withholding taxes, as well as changes to the 2013 sales and withholding ...

Indiana Homeowner Tax Deduction Deadline

by Abbey R. Lakin, Senior, Tax Services Group | Marie Jett, CPA, Manager, Tax Services Group In 2009, Indiana lawmakers passed legislation requiring all homeowners to file a simple form with their county auditor verifying their eligibility for the state’s homestead property tax deduction on their primary residence. The legislation required verification ...

Hardship Distributions – Correcting Failure to Suspend Deferrals

By Stacey L. Spencer, QKA, Manager, Employee Benefit Services | Tim Ayler, CPA, Partner, Director Employee Benefit Services Group Continuing the discussion of hardship distributions, one of the requirements of a hardship distribution is that upon receipt of a hardship distribution from a 401(k) plan (or 403(b) or 457(b) plan), the employee is prohibited ...

Financial Reporting for Construction Companies

By Tim Ayler, CPA, Partner, Director of Construction Services Group | Alicia Rader, CPA, Manager, Construction Services Group Financial reporting on an executive level and project level is essential for a construction company to stay afloat and thrive. Executive-level reports provide an overall picture of the company’s financial situation while ...