Summer Fun at Newburg CPA
Last week, the Newburg CPA team and their families spent the afternoon at Kimball Farms. We had a blast playing mini golf, driving bumper boats, eating burgers, and spending time together!
Reminder – 2nd Quarter Estimates
Newburg | CPA News Brief By Newburg CPA Staff Writer June 6, 2023 As a reminder, 2023 2nd quarter estimates are due June 15th, 2023. Your 2023 quarterly estimated coupons and instructions would have been included with your completed 2022 tax return if applicable. The 2nd Quarter estimate payments [...]
FASB Issues Proposed Update to Guidance Related to Profits Interest Awards
June 2, 2023 Newburg | CPA News Brief On Thursday, May 11th, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that aims to improve generally accepted accounting principles (GAAP) with illustrative guidance to assist entities in determining “whether profits interest and similar awards should [...]
Initial Year 401k Audit Issues and Key Documents
Newburg | CPA News Brief By Newburg CPA Staff Writer May 2, 2023 401k audits (also known as employee benefit plan audits) are an important part of the regulatory compliance process and are essential for the employer to have a working knowledge regarding. Generally, employers with more than 100 [...]
Reminder – 2023 1st Quarter Estimates
Newburg | CPA News Brief April 4, 2023 As a reminder, 2023 1st quarter estimates are due April 18th, 2023. Your 2023 quarterly estimated coupons and instructions would have been included with your completed 2022 tax return if applicable. The 1st Quarter estimate payments can be made on-line or [...]
TRACKING YOUR ‘NORMALIZED EBITDA’ ANNUALLY
Newburg | CPA News Brief By David R. Natan, CPA, MST, CVA March 28, 2023 Within the due diligence and valuation world, one of the more time-consuming areas spent by advisors pertains to helping recreate a company’s ‘normalized EBITDA’. Properly calculating this metric can often be a difficult and [...]
Year-End Rules for IRAs
Newburg | CPA News Brief Newburg Staff Writer March 21, 2023 Individual Retirement Accounts (IRAs) are a common way to save for retirement. If you currently have an IRA, or are considering opening one soon, there are several year-end rules that you should know. Contribution Limits: You may contribute up to a [...]
Addressing IP in an estate plan can be tricky
Newburg | CPA News Brief March 14, 2023 Over your lifetime, you may have accumulated a wide variety of tangible assets, including automobiles, works of art and property, that you’ve accounted for in your estate plan. But intangible assets can easily be overlooked. Consider intellectual property (IP), such as [...]
Improve Your Brewery or Distillery Cash Flow with the R&D Tax Credit
Newburg | CPA News Brief By David R. Natan, CPA, MST, CVA Originally Posted January 19, 2022 Brewery and distillery entrepreneurs have faced many obstacles over the last few years, navigating such challenges as pandemic-driven shutdowns, taproom spacing, stimulus complexities, and supply chain snags. Newburg CPA offers account and [...]
ATTENTION C CORPORATION, INDIVIDUAL, AND TRUST FILERS Beat the Deadline Rush
Newburg | CPA News Brief March 7, 2023 The tax filing deadline for Individuals, C Corporations, and most Trusts is quickly approaching. Please note that Newburg | CPA is working expediently on the returns for those clients who have already provided the materials to complete the preparation of their [...]