E-Updates

April 25 , 2017 | Posted by David Cassady |
Today is Tuesday, I Don’t Have Time to Think About…..

ESTATE PLANNING.  I cannot begin to tell you how many times I hear this.  But then again, I also hear – “I need to save taxes, what can I do?”  Or, I also hear, “I do not have to do estate planning because President Trump is going to eliminate estate taxes”. For our Emerging and

Read more

 0
March 21 , 2017 | Posted by Brian Stautberg |
Tax Records: What to Keep & How Long

What records do I really need to keep? With the 2017 tax filing season in full swing, we frequently are asked this question.  The IRS recommends that taxpayers keep all sales slips, invoices, receipts, canceled checks or financial account statements, stock brokerage statements, Forms W-2 and 1099, and other documents that prove the amounts shown

Read more

 0
March 21 , 2017 | Posted by Lydia Ritze |
Major Shift in Lease Accounting Could Cause Major Headaches

Almost every manufacturer leases equipment or real estate. For decades, companies were not required to report many lease-related assets and liabilities on their balance sheet. That is all about to change under a controversial new lease accounting standard that was issued in early 2016. Shifting the reporting paradigm Historically, under U.S. Generally Accepted Accounting Principles

Read more

 0
February 16 , 2017 | Posted by Karen Keller |
Simplified Accounting for Goodwill as Early as 2017

The FASB recently issued ASU 2017-04, Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment (ASU 2017-04), which simplifies the accounting rules used by publicly traded companies for measuring goodwill impairment.  Under existing rules, the measurement of goodwill impairment involves a two-step process.  Step 1 entails comparing the fair value of an entity’s

Read more

 0
February 16 , 2017 | Posted by Nathan Oswald |
Sweat the Small Stuff

How to detect and prevent expense reimbursement fraud Companies often overlook expense reimbursement fraud because of the relatively small amounts involved. But these amounts can add up quickly, particularly if employees believe that management is “looking the other way.” They can also be a way for dishonest employees to test the waters: If successful, they

Read more

 0
January 27 , 2017 | Posted by Bryan Setz |
New Identity Theft  Security Measures for 2017

In a constant battle against savvy internet identity theft schemes, the IRS and state tax agencies have taken various steps to protect taxpayers from fraud and scams.  Since enhancements have been made to enable electronic filing of individual tax returns on the internet, as well as online shopping, credit card use, and electronic data reporting,

Read more

 0
December 1 , 2016 | Posted by Jeff Weber |
Tax Planning Guide

Tax Planning Guide

 0
November 14 , 2016 | Posted by Mike Clark |
Accounting Today Names Cassady Schiller On 2016 Best Accounting Firms To Work For List

We are proud to announce that Cassady Schiller CPAs & Advisors was recently named 2016 Best Accounting Firms to Work For by Accounting Today. Cassady Schiller was recognized nationally by Accounting Today as one of the 2016 top 100 Best Accounting Firms to Work For. This award is given by Accounting Today in partnership with

Read more

 0
April 1 , 2016 | Posted by David Lingler |
March Payroll Employment up 215,000 – Unemployment Rate 5.0%

Payroll employment rises by 215,000 in March; unemployment rate little changed at 5.0% The job market remains pretty stagnant. Not much in gains, but not losing either. Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent. Employment increased in retail trade, construction, and health care.

Read more

 0
February 26 , 2016 | Posted by Leslie Brown Robey |
HCDC Elects David Lingler as new Board Chair

We are excited to announce that David Lingler has been elected Board Chair for HCDC, Inc. David Lingler, Director of Business Valuations and Consulting at Cassady Schiller CPAs and Advisors, was elected as HCDC’s new Board Chair. Lingler previously served as Vice Chair and succeeds former Chair Brent Messmer, President/CEO of The Matrix Companies.  

Read more

 0
December 18 , 2015 | Posted by Brian Stautberg |
PATH Act Extends Many Tax Incentives, Makes Others Permanent

The Protecting Americans from Tax Hikes (PATH) Act of 2015 was passed by the Senate earlier this afternoon. The Act now awaits the president’s signature before it becomes law. While end of the year tax provision extensions by Congress have become commonplace for many temporary incentives, the PATH Act goes further than many previous extensions –

Read more

 0
December 17 , 2015 | Posted by Mike Hawkins |
IRS Issues 2016 Optional Standard Mileage Rates

The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per

Read more

 0