Posts by Admin

Larry Greenwalt, We Thank You for 34 Years of Leading Our Team

It is with mixed emotions the Firm announces that Larry Greenwalt will be retiring from the Firm at the end of July. In reaching this decision, Larry concluded that the Firm is well positioned to make his retirement practical at this point in time. This concludes the transition process that started over five years ago, moving the Firm to the fourth ...

Crossing the (State) Line

If expansion plans call for doing business in other states, factor in tax liability by Marie Jett, CPA | Principal and Anita Sherman, CPA | Managing Partner When you say you want to grow your manufacturing company, what does that mean? It may entail expanding your physical plant or warehouse or introducing new products. It could also mean opening ...

Pain-Free Mileage Tracking with MileTrack GPS

by Jim Wagoner, CPA | Partner, Director of Tax Services Group We recently were introduced to Dan Martin who has come up with an interesting product.  We haven’t tested it out, but we thought it might be of interest to some of you. Tracking mileage for reimbursement and tax purposes can be a real pain, and MileTrack GPS provides pain-free mileage ...

What Changes Do You Need to Make to Your Retirement Plan as a Result of DOMA?

By Stacey Spencer, QKA | Manager, Employee Benefits Group and Tim Ayler, CPA | Partner, Team Member of the Employee Benefits Group On April 4, 2014, the IRS issued Notice 2014-19 which responded to several questions lingering about how qualified retirement plans should apply the United States Supreme Court case State v. Windsor which stuck down part ...

How to Minimize the 3.8% Tax on Investment Income

By Brandon Cook, CPA | Partner, Tax Services Group and Larry Greenwalt, CPA | Chairman of the Board Many taxpayers experienced the impact of the Obamacare tax on investment income (defined below) when filing their 2013 taxes. This additional tax applies if your Modified Adjusted Gross Income (MAGI) exceeds $250,000 if filing joint, and $200,000 if ...

Is Your Not for Profit Reporting It’s Full Value Proposition?

By Jeff Curiel, CPA, Manager, Audit & Other Assurance Services Group and Amanda Meko, CPA, Partner, Team Leader of the Not-for-Profit Services Group “How do we create value?” This question is often asked when analyzing an Organization’s impact. As CPAs, it is oftentimes too easy to focus solely on numbers, without considering other factors ...

Don’t Put All of Your Eggs Into One Basket

By Larry Greenwalt, CPA, Chairman of the Board and Jim Wagoner, CPA, Partner, Director of Tax Services Group A recent Gallop poll reported that fewer Americans think they can rely on their 401(k)’s for retirement. This isn’t surprising as many middle and upper income employees do not take full advantage of their 401(k) deferral opportunities. But ...

Have You Prepared a SWOT Analysis?

By Jim Wagoner, CPA | Director of Tax Services Group The SWOT Analysis – the acronym standing for “strengths, weaknesses, opportunities and threats” – is a long-standing risk management essential. This article explains how to get started on a companywide SWOT analysis and identify these four factors. Doing so can help a company create awareness, ...

Have You Received an Identity Verification Letter From the Indiana Department of Revenue?

By Brandon Cook, CPA | Partner, Tax Services Group Earlier in April, the Indiana Department of Revenue (IDR) began sending identity verification letters to random taxpayers before processing their income tax refund claims. These letters are completely legitiment and are intended to be an additional security measure to crack down on potential identity ...

Contractors Have Options When it Comes to Financing

By Alicia Rader, CPA, Manager, Audit and Other Assurance Services and Member of the Construction Services Group and Tim Ayler, CPA, Partner, Audit and Other Assurance Services and Team Leader of the Construction Services Group Relying on credit to cover lean times during projects or payment delays should not be a habit. But, for many construction ...