Headlines

Why you should boost your 401(k) contribution rate between now and year end

  • Posted by Alexis
  • On September 21, 2017
One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step. If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end. Because of […]
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Should your business use per diem rates for travel reimbursement?

  • Posted by Alexis
  • On September 19, 2017
  Updated travel per diem rates go into effect October 1. To simplify recordkeeping, they can be used for reimbursement of ordinary and normal business expenses incurred while employees travel away from home. Per diem advantages As long as employees properly account for their business-travel expenses, reimbursements are generally tax-free to the employees and deductible […]
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Save more for college through the tax advantages of a 529 savings plan

  • Posted by Alexis
  • On September 14, 2017
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan. Tax-deferred compounding 529 plans are generally state-sponsored, and the […]
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2017 Q4 tax calendar: Key deadlines for businesses and other employers

  • Posted by Alexis
  • On September 12, 2017
  Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. […]
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6 ways to control your unemployment tax costs

  • Posted by Alexis
  • On September 8, 2017
  Unemployment tax rates for employers vary from state to state. Your unemployment tax bill may be influenced by the number of former employees who’ve filed unemployment claims with the state, your current number of employees and your business’s age. Typically, the more claims made against a business, the higher the unemployment tax bill. Here […]
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WHAT ARE THE MOST TAX-ADVANTAGED WAYS TO REIMBURSE EMPLOYEES’ EDUCATION EXPENSES?

  • Posted by Alexis
  • On September 5, 2017
Reimbursing employees for education expenses can both strengthen the capabilities of your staff and help you retain them. In addition, you and your employees may be able to save valuable tax dollars. But you have to follow IRS rules. Here are a couple of options for maximizing tax savings. A fringe benefit Qualifying reimbursements and […]
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The ABCs of the tax deduction for educator expenses

  • Posted by Alexis
  • On August 30, 2017
At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies, backpacks, clothes, etc., for the new school year. But let’s not forget about the teachers. It’s common for teachers to pay for some classroom supplies out of pocket, and the tax […]
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AICPA tax reform priorities released

  • Posted by David Wall
  • On November 26, 2016
On Tuesday November 22, 2016, the AICPA issued a press release outlining tax reform priorities for the upcoming federal legislative and regulatory season. As the new administration and the 115th Congress take shape, tax reform is going to be front and center, and the profession will be an important voice in the debate. This press […]
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DOL overtime rule on hold – injunction issued late yesterday

  • Posted by David Wall
  • On November 24, 2016
On Tuesday, a U.S. District Court judge in Texas granted a preliminary injunction blocking the Department of Labor’s (DOL) new overtime regulation from going into effect on December 1, 2016. The injunction gives the court more time to review the rule, and make any final decision on the DOL’s rule, so it’s not a victory, […]
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Seven Ways to Give

  • Posted by David Wall
  • On June 28, 2016
The Community Foundation of Greater Des Moines continues to have meaningful conversations with donors and professional advisors about charitable giving. Many of these conversations include the gifting of assets other than cash. An outright gift of cash is quick and simple. However, there are other assets that your clients may consider contributing to a charitable […]
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