Your estate plan likely accommodates your spouse, children and grandchildren. But have you overlooked your parents? How can you best handle their financial affairs in the later stages of life? You may want to incorporate their needs into your own estate plan while tweaking, when necessary, the arrangements they’ve already
Sarah J. Fischer, CPA Grand Junction Office From the moment you take your newborn baby home, to the time you help them out of the nest, there will be numerous costs you will incur in the 20-something years in between. The U.S. Department of Agriculture says it costs the
ColoradoBiz recently announced their Top 250 Private Companies in Colorado with Dalby, Wendland & Co., P.C., making the list for the fourth year. Fewer than 20 companies recognized are on the Western Slope. Companies must be headquartered in Colorado and are ranked each year by gross revenues. The published list
The federal self-employment (SE) tax just keeps going higher and higher. If you've reached the breaking point, there may be a way to tame the SE tax beast by converting your existing unincorporated small business into an S corporation. How to Evaluate the Option If you're a self-employed individual -
Life insurance can be a powerful financial and estate planning tool, but its benefits may be reduced or even eliminated if you designate the wrong beneficiary or fail to change beneficiaries when your circumstances change. Here are common pitfalls to avoid: Naming your estate as beneficiary. Doing so subjects life
Looking for business real estate tax breaks? Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period (land isn’t depreciable). But enhanced tax breaks that allow deductions to be taken more quickly are
As the end of the year approaches, not-for-profits are eagerly soliciting — and accepting — donor gifts. While your first instinct may be to accept all gifts, it may be prudent to turn some of them down due to such factors as space restrictions and unsuitability to your mission. Here’s
Did you know that the estate of director John Hughes donated the family’s Illinois mansion to a nonprofit hospital? After allowing another charity to use the home for a fundraising event, the hospital sold the home and used the proceeds to expand its campus. In this instance, two organizations were
What is an operating reserve? And how much is too little — or too much? Let’s take a look. What it is An operating reserve is a portion of an organization’s net assets that’s unrestricted and relatively liquid. But it shouldn’t be defined so narrowly that it only includes cash
Dalby, Wendland & Co., P.C., is pleased to congratulate Home Loan Investment Company and Talbott Farms as this year's 2016 “Spirit of Western Colorado®” recognition recipients. Each received a beautiful bronze eagle statue during the luncheon ceremony on November 4th. Since 2004, DWC has proudly and publicly recognized individuals and
