Archived News

News Archive

New Accounting Standards Impacting Health Care Providers

By Mike Rowe, Audit Partner

(January 6, 2011) – Two Accounting Standards Updates (ASUs) were issued during 2010 that will impact health care providers during 2011. The basics of these standards are summarized in this article. Please do not hesitate to contact me or anyone on your Stockman Kast Ryan & Co. audit team regarding the application of these new standards.

Tax Relief Act - Estate and Gift Tax Provisions
Part 3 of 3

(December 21, 2010) – There’s been much speculation as to what Congress would do about the 2010 estate tax repeal and the scheduled 2011 return of the tax at higher rates and a lower exemption. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 has finally given us our answer.

Tax Relief Act – Businesses
Part 2 of 3

(December 20, 2010) – The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, passed by the Senate Dec. 15 and the House Dec. 16, may be best known for extending lower income and capital gains tax rates for individuals. But the act also extends and enhances many breaks for businesses. In particular, it provides incentives for businesses to invest in assets, research and people. This article examines these and other provisions most relevant to businesses.

Tax Relief Act – Individuals
Part 1 of 3

(December 17, 2010) – The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extends and expands a wide variety of valuable tax breaks. Many of the extended breaks were set to expire after 2010 and have now been extended through 2012. Others expired at the end of 2009 and have been extended only through 2011. The Tax Relief act also provides a few new tax breaks, most notably a payroll tax reduction for 2011. This article examines the income tax provisions most relevant to higher-income taxpayers.

Year End Tax Planning for 2010 is a challenge

(December 7, 2010) – This year, legislative uncertainty about 2011 tax rates, as well as the availability of many tax breaks for 2010 and 2011, is making traditional year end tax planning a challenge. This article explains why there’s so much uncertainty and how it affects year end planning. It also offers some strategies that can be implemented now and some tips on what to watch out for between now and the end of the year.

529 College Plans Can Save You Money

(November 30, 2010) – Consider using a Section 529 College Savings Plan to reduce your Colorado income tax. 529 plans have a variety of benefits.

The Small Business Jobs Act of 2010

New legislation extends and expands tax breaks for small businesses, their investors and more

(October 12, 2010) – On September 27, 2010 President Obama signed The Small Business Jobs Act of 2010, creating a $30 billion fund to provide capital to community banks to encourage lending to small businesses. The legislation (SBJA) also includes $12 billion in tax relief for small businesses and incentives to encourage investment in them. In addition, there are benefits for larger businesses as well as for the self-employed and individual taxpayers. This article examines the most relevant and potentially lucrative tax provisions of this act to help you understand how it may impact you and your business.

Our Inaugural Nonprofits Newsletter

(Winter 2010) – In this inaugural issue of our Nonprofits Newsletter, we cover topics of importance to you. For instance: All gifts aren’t created equal. Having a gift acceptance policy to refer to — and using it to decide whether to accept a donation — is important to an organization’s balance sheet, workload and reputation. And ... Those who are considering joining forces with another organization will want to understand the effects of new accounting standards for mergers and acquisitions — and plan their financial strategies accordingly.