Stay vigilant and use due diligence when hiring outside service providers

| Business Miscellaneous, News

By Chris Mennel     Recently, I heard about a new form of theft against a central Indiana nonprofit.  Using the organization’s login information for its credit card processor, a perpetrator was able to issue repeated refunds to a Russian bank account.  The first two – one for $9,000 and the other for $21,000 -- were processed.  The third attempt for $80,000, however, was caught by the business administrator when he logged into the account and noticed the pending payment. Fortunately, Read more [...]

Alerding CPA Group celebrates 20 years on May 1, 2018!

| Business Miscellaneous

(INDIANAPOLIS) – Alerding CPA Group, an Indianapolis-based certified public accounting firm, is pleased to celebrate its 20th anniversary of serving privately-held businesses and nonprofit organizations across the Midwest with audit, accounting and tax services. Founding partners, Mike Alerding, Mike Staton and Mike Farmer started Alerding CPA Group on May 1, 1998, because they believed local clients would be better served with more personalized attention through a smaller firm. They also wanted Read more [...]

You still have time to make 2017 IRA contributions

| Tax Briefs

Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial. Don’t lose the opportunity The 2017 limit for total contributions to all IRAs generally is $5,500 ($6,500 if you were age 50 or older on December 31, 2017). But any unused limit can’t be carried forward Read more [...]