impact-of-amortized-goodwill

Checks issued in error by the State of Missouri

  • June 29, 2020

The State of Missouri is erroneously refunding estimated payments made for year 2020. They are mailing out checks for the amounts...

tax incentives

Deductibility of Expenses Reimbursed by the Paycheck Protection Program

  • May 1, 2020

The IRS released guidance on April 30th to explain that a taxpayer that receives a loan through the Paycheck Protection Program...

Prepare for CECL

IRS Extends More Tax Deadlines

  • April 10, 2020

The Treasury Department and IRS have provided additional relief to taxpayers for a variety of tax forms and payments. Some of...

whitlock-hiring-audit-manager-springfield

CARES Act

  • March 27, 2020

Congress has passed a $2.2 trillion stimulus package to support the economy during the virus pandemic.  The President has indicated that...

2017-year-end-tax-strategies

COVID-19 Update: IRS Provides Clarity on Tax Deadline Extension

  • March 25, 2020

A frequently asked questions (FAQ) page has been released by the Internal Revenue Service (IRS) to clarify the extension of the...

Cash-Flow-Todd-Carroll

Taxing Issues Related to Cryptocurrency

  • January 30, 2020

Written by Jay Logal The IRS has made cryptocurrency (bitcoin) a hot button topic. They recognize that taxpayers are not reporting...

Tax Update included in Year-End Spending Package

  • January 3, 2020

Written by Jennifer Cochran The bulk of the bill lays out how the government will appropriate federal budget monies across various...

Safe Harbor for Rental Real Estate Update

  • November 19, 2019

The new tax law effective for the 2018 tax year provides a new income tax deduction for business income earned from...

tax-reform-framework-2017

Depreciation Update for 2019

  • November 11, 2019

Depreciation is a great way to reduce your taxable income.  With 100% bonus and section 179 you can eliminate most or...