Are you charitably inclined? If so, you probably know that donations of long-term appreciated assets, such as stocks, have an advantage over cash donations. But in some cases, selling appreciated assets and donating the proceeds may be a better strategy. That’s because adjusted gross income (AGI) limitations on charitable [...]
If you’ve been thinking about ways to save on medical expenses, now may be the perfect time to open a Health Savings Account (HSA). Thanks to persistent inflation, the IRS recently announced historic bumps to contribution limits for HSAs, making planning for health savings more beneficial than ever! What [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
