Congress Extends R&D Credit And Increases Tax Depreciation Limits for Tax Year 2014

| Business Miscellaneous

The Senate passed The Tax Increase Prevention Act of 2014 this week extending a package of expiring tax provisions through 2014.  The President is expected to sign the bill in the next few days. The Bill extends many popular tax breaks affecting businesses including the research and development credit, enhanced tax depreciation deductions including 50% bonus depreciation on new equipment placed in service in 2014, and increased expensing limitations  (Sec. 179).  The Sec. 179 limit of $500,000 Read more [...]

Garrett Patton Merges Into Alerding CPA Group

| Alerding Alerts

We are excited to announce that Garrett Patton & Associates (Certified Public Accountants) will be joining forces with Alerding CPA Group under the Alerding name.  We believe this will add a new and dynamic dimension to our firm. Garrett brings two new partners with keen tax and accounting minds along with a group of professionals that will add depth to our already strong team.  They are a local firm, with a solid presence in the tax and small business arena, which has earned a reputation Read more [...]

The Year End Crunch

| Business Miscellaneous

By Natalie Hopkins     With the blink of an eye, we will be turning the page on yet another calendar year. For anyone involved in owning or managing a business, there is a whole new list of tasks to complete.  Below are some of the most important business reminders as we close out 2014 and welcome 2015. 1099s: 1099s are required to be filed for any non-corporate vendor that renders service fees in excess of $600 for the year.  The deadline for sending 1099s to recipients is February 2, 2015 Read more [...]

American Legion Auxiliary to Serve Veterans For Another Century

| Client Spotlight

Coming home may be the end of one journey for many veterans; it is also the beginning of a new journey to transition to a “new normal.” Helping these heroes get there has been the core of the mission and service of the American Legion Auxiliary (ALA) since its founding in 1919. Members are passionate about providing care and comfort for our U.S. service members. The American Legion Auxiliary, an Alerding CPA Group client since 2006, is the world’s largest women’s patriotic service organization Read more [...]

The IRS has Announced the 2015 Retirement Plan Contributions Limitations

| Alerding Alerts, News

In 2015, employees who participate in 401(k) and 403(b) plans may contribute up to $18,000 (up from $17,500 in 2014) into their plans.  Those over age 50 may contribute up to $24,000 (up from $23,000). The amount individuals may contribute to an IRA remains unchanged ($5,500 for those under age 50 and $6,500 for those 50 and over). The section 415 limit for total contributions by employees and employers combined to defined contribution plans is increased in 2015 from $52,000 to $53,000. Call Read more [...]

IRS Identity Theft – A Race Against the Bad Guys

| Business Miscellaneous

It seems like on a daily basis, I wake up to hear yet another major security breach of personal information has occurred for a major retailer such as Target or Home Depot.  If you are like me, my household has received three or four letters this year sharing that an organization we have done business with is reporting a possible or known breach.   I dutifully review my credit card and bank accounts for fraudulent charges; I watch my credit report for suspicious activity.  However, it isn’t Read more [...]

Alerding CPA Group Announces Its 2014 Staff Promotions & New Appointments

| News

(INDIANAPOLIS) – The directors of Alerding CPA Group, an Indianapolis certified public accounting firm, are pleased to announce the following staff promotions and new appointments: Courtney Morin has been promoted to Tax Senior and has been with Alerding CPA Group since 2011.  Her responsibilities include tax return preparation, consulting and tax planning, and developing client relationships. As a newly promoted Audit Senior, Katie Persinger will oversee fieldwork for audits, reviews and Read more [...]

It Is Never Too Early To Start Succession Planning

| Business Miscellaneous

By Mike Staton     Succession planning is the hardest thing most CEO’s will ever do.  There are no step-by-step instructions out there that will fit your specific situation and your specific company.  Nobody can tell you, with any level of certainty, whom you should select and even where to find this person. That is exactly why, if you are reading this blog, it is not too early to start the planning process. To begin, you must first look within yourself and determine what are your personal Read more [...]

The Crystal Client Spotlight Shines on Proportion-Air

| Client Spotlight

One might think that manufacturing parts for aerospace, locomotives, robotics technologies, and many other lines of business would be groundbreaking enough; but not for Proportion-Air, a 16-year ACG client.  Proportion-Air is a leading innovation design, engineering and product implementation manufacturer.  In August 2014, they expanded on their depth and experience by acquiring the Burling Valve and Regulator product line which services the chemical, oil and gas industries throughout the world. “At Read more [...]

You Can’t Manage What You Don’t Measure

| Business Miscellaneous

By Michael Alerding There are somewhere in the neighborhood of 77 million Baby Boomers in the United States and studies show that the majority of closely-held businesses are owned by Baby Boomers. For many, their closely-held businesses represent a significant portion of their estates and retirement nest eggs. The question is: What is it worth in REAL terms and not just using a formula designed for taxes or other compliance requirements? Owners of closely-held businesses have to take into account Read more [...]