Current Federal and State Income Tax Deadlines

Friends, I hope this message finds you well.  As you likely know, the impact of COVID caused federal and state taxing authorities to extend most individual filing and payment deadlines beyond the April 15th deadline.  I have attached a summary of all federal and state income tax deadlines for your reference.   While most states have… Read More

Filing and Payment Deadlines

Friends, As April 15th approaches, many states have provided additional payment and filing guidance.  While most states have followed the federal postponement, it is important to understand the respective guidelines for states where you file.  To assist in this process, we have summarized the filing, payment, and estimate guidance from each state.  Please contact your… Read More

CARES Act, Tax Reform, and More

The President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Regulatory guidance from federal agencies such as the Department of Labor, Department of Treasury, Department of Health and Human Services, and the Internal Revenue Service is still necessary to fully explain the value and impact of these provisions.The CARES Act endeavors… Read More

National Construction Accounting Conference – Economic Outlook, Revenue Recognition Update, and Accounting Methods

Mike Goettsche and Brody Fitch from Cooper Norman’s Construction Team attended the AICPA Construction & Real Estate Conference held in Nashville on December 5th and 6th, 2019.  The construction conference is the AICPA’s flagship event for providing information from leading industry professionals related to trends in the industry, practical implementation of accounting standards, and tax… Read More

Tax Planning for the Construction Industry

Believe it or not, 2019 is over 90% complete at this point. Considering that tax reform has dramatically changed the nature of tax credits and deductions, it is more important than ever to ensure that adequate planning is done. Optimal tax savings is heavily reliant on planning before year-end. As a contractor, we will talk… Read More

The Pass-through Deduction: Things every business owner needs to know

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″ custom_padding=”0px|||||”][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″] By Dan Packard, CPA, CFE, CVA Tim Anderson, CPA Scott Nielson, CPA Recent tax changes have dramatically impacted the opportunities available to small business owners.  One of the largest opportunities now available is the pass-through deduction (Section 199A deduction), by which a taxpayer can deduct up to… Read More