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DWC Announces New COO and Firm Promotions
Dalby, Wendland & Co., P.C., congratulates these exemplary professionals on their promotions as they represent our core values of integrity, quality, and community investment, and our core purpose to help our clients, our people, and our communities to be better. Vicki L. Goetter, PAFM, joins DWC as new COO Dalby
Your Accountant Knows A Lot About You
Rachel M. Schlepp, CPA This is true, whether you realize it or not. The regular compliance work that your accountant does on a monthly, quarterly, or annual basis gives us accountants a lot of intimate knowledge about your business, about your investments, and about your family. It’s not
Reporting M&A Transactions to the IRS
If you are thinking about buying or selling a business, or if you are already in the process of a merger or acquisition, it’s important to ensure that both parties report the transaction to the IRS in the same way. Not doing so may cause a “red flag” with the
How Would You Grade Your Company’s Retirement Plan?
One of the biggest benefits a company can provide to employees is a good retirement plan; however, they are not all equal. If you could grade your company’s retirement plan, what would you give it in preparing its participants for retirement? Benchmarking can tell you. Mark the Basics You probably
Succession Planning: Separate Your Business from the Real Estate
Most businesses have a variety of physical assets, including production equipment, office furnishings, and a number of technological devices. Typically, however, your largest physical asset in the business is your real estate holdings, i.e., your building and the land it sits on. So, why should you separate your business from
What’s the best entity choice for your business?
The Tax Cuts and Jobs Act (TCJA) provided for some significant changes for business taxpayers. Among them, the TCJA introduced a flat 21% federal income tax rate for C corporations, which under prior law, profitable C corporations paid up to 35%. Such substantial changes has many businesses rethinking their entity
What is an agreed upon procedures (AUP) engagement?
CPAs can offer many types of helpful audit and assurance services for businesses. An audit, for instance, is a common type of attestation service that provides a formal opinion about whether a company’s financial statements conform to U.S. Generally Accepted Accounting Principles (GAAP). Consulting services, in contrast, may include advice
Unintentional Consequences of Jointly Owning Property with Family Members
Owning property jointly with an adult child or other family member is a common estate planning mistake that people make. It sounds reasonable that adding a loved one to the title of your home, bank accounts or other property can be a simple way to leave the property to that
4 Good KPIs for Midyear Checkup
We are halfway through the calendar year and it’s an opportune time for businesses to assess how things are going thus far. While sales may be up, there are some other good key performance indicators (KPIs) to analytically help you evaluate how well you’re doing. Here are four that can
Tax Considerations if Retiring and Moving to Another State
Many people consider moving to another state when they retire. Some move for a lower cost of living, nicer weather, or to be closer to family. If you are considering this in your retirement, make sure to also think about how the state and local taxes will affect your anticipated