Blog
New Per Diem Rates
In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2020. Employers using these rates to set per diem allowances can treat the amount of certain categories of
Attn Banks: How to Report COVID-19-Related Debt Restructuring
Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic won’t be subject to the complex accounting rules for troubled debt restructurings (TDRs). Here are the details. Accounting for TDRs Under
Can homebuyers deduct seller-paid points?
The housing market is hot right now, despite the ongoing coronavirus pandemic. In fact, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. A sizeable shift in remote work ability and some looking to move to less densely populated
Why You Should Have a Buy-Sell Agreement
Do you own a business with one or more individuals? Undoubtedly, your interest in the business represents a substantial part of your net worth and is likely your “pride and joy.” So it’s normal if your fondest wish is for the business to continue long after you’re gone or for
Bonus Depreciation Key Points
Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, an 80% rate will apply to property placed in service in 2023, 60% in 2024, 40% in 2025, and 20% in 2026, and a 0% rate
Reporting Discontinued Operations and Disclosures
Marketplace changes during the COVID-19 crisis have caused many companies to make major strategic shifts in their operations — and some changes are expected to be permanent. In certain cases, these pivot strategies may need to be reported under the complex discontinued operations rules under U.S. Generally Accepted Accounting Principles.
DWC’s Aaron J. May Earns CPA Designation
Dalby, Wendland & Co., P.C., (DWC) is pleased to announce Aaron J. May recently attained the Certified Public Accountant (CPA) designation after passing the Uniform Certified Public Accountant Examination, which is set by the American Institute of Certified Public Accountants. The Uniform CPA Examination protects the public interest by helping
DWC’s Denise Distel Receives QuickBooks Online Advanced Certification
Dalby, Wendland & Co., P.C., (DWC) is pleased to announce Bookkeeper Denise Distel recently attained designation as a QuickBooks Online Advanced Certified ProAdvisor. The QuickBooks Online Advanced Certification is a coveted certification for ProAdvisors who are looking to distinguish themselves to help solve complex problems for their clients, including advanced
Happy 25 Year Work Anniversary!
Happy Work Anniversary to Elaine DuBois! Elaine has been with our Glenwood Springs office for 25 years – WOW! For her years of service, Elaine gets a travel voucher to relax and enjoy time away. Congratulations – we are so fortunate to have you with us!
Do I need my original will?
In a world that’s increasingly paperless, you’re likely becoming accustomed to conducting a variety of transactions digitally. But when it comes to your last will and testament, only an original, signed document will do. Original vs. a Photocopy Many people mistakenly believe that a photocopy of a signed will is