Dent, Baker merges with Moses, Phillips to form Dent Moses, LLP
The addition of the Birmingham-based CPA firm will strengthen the new company’s offerings in all practice areas. December 8, 2015 Dent, Baker & Company, LLP announced they will join forces with CPA firm Moses, Phillips, Young, Brannon, & Henninger LLP, a highly respected full-service company, to create Dent Moses, LLP effective January 1st. The professionals…
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The Impact of New Overtime Laws
July 6, 2015 brought news from the Department of Labor of proposed legislation that could drastically alter the way many employers pay overtime. The proposal would raise the threshold at which certain employees qualify for overtime coverage under the Fair Labor Standards Act. As the current law stands, most workers are no longer eligible for…
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What to Consider when Purchasing a Company Vehicle
Clients often ask if there is an advantage to having a company vehicle, and unfortunately, it is not a simple answer. There are several variables to consider, and several pros and cons that go along with each variable. The first thing you must consider are the possible benefits having a company vehicle could bring to…
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Meals and Entertainment Expenses: Are You Getting Your Full Share of Tax Deductions?
Taking a prospect to lunch is one of the most common business-development activities. Another regular business practice is to provide lunches for employees during meetings, training sessions and social gatherings. One of these activities is 100% deductible on your tax return. The other situation is only 50% deductible. Do you know which is which? The…
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Second Quarter Estimated Tax Payments Due June 15
Second quarter estimated tax payments for individuals, estates and trusts, and C corporations are due on Monday, June 15, 2015. If your payments are not paid or postmarked by this date, penalty and interest charges will incur. Remember you can make your payments online. Electronic payments should be initiated on or before Friday, June 12…
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Capital: How Much is Enough… or Too Much?
“How much capital should I have in my business?” That’s a question I hear quite frequently from business owners. While this may seem like a simple question, the answer is rarely simple at all. The level of capital you need depends on the type of business you have and how quickly you can convert your…
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Identity Theft: 3 Steps to Take if Your Identity is Stolen
I recently read a news article that reported more than 70 million Americans have had their data compromised in one form or another. The Identity Theft Resource Center reported the number of tracked data breaches hit 783 in 2014. Of the total, the highest percentage (42.5%) of breaches were reported in the medical and healthcare…
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Electronic Tax Payment Options
In recent years, the U.S. Treasury and Alabama Department of Revenue have become more accommodating to different tax payment methods. While the availability of bank draft and credit card payment options is nothing new, these methods are now available for free. Instead of fighting the tax day traffic at the post office, you can now…
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Form 1099 Reporting Regulations
Most individuals and businesses do not have a good grasp on when a 1099 is required. Generally, if you are self-employed or own a business you probably have an obligation to file. At last count, there were 16 varieties of the 1099 but by far the most common is the 1099-Misc. A filing is required…
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Tax Deadlines – Keeping Up With What To Do and When
With the flurry of tax deadlines occurring in the first few months of the year, it is difficult to keep track of what needs to be done and when. In order to help you effectively comply, we offer the following list of tax “to do’s” from January through April: January 15th – Fourth Quarter Estimated…
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