Tax Saving Opportunities Before 2013 Ends

| Alerding Alerts

There are many tax-saving steps that can be performed before the end of this year. Here is a list of some key actions that should be considered before Dec. 31, 2013 to save on your taxes: Make energy saving improvements to your home that qualify for tax credits in 2013. Make sure you’ve contributed to an Indiana 529 plan and earn up to a $1000 credit. Realize losses on stock while substantially preserving investment position. Increase basis in S corporation or partnership to make possible Read more [...]

Oh the Places You’ll Go

| News

By Chris Mennel     When I graduated from high school, one of the gifts I received was the Dr. Seuss book “Oh the Places You’ll Go.”  I don’t remember all the rhythmic lines of the book, but I do remember feeling as though it somehow applied to an ever-changing life of exciting career paths.  It couldn’t possibly apply to working at a local accounting firm with only one office.  Or could it? 11 years later and after having worked for the same local accounting firm for 7 years, I Read more [...]

We are Pleased to Announce Staff Promotions & New Appointments

| News

Chris Mennel, CPA,  has been promoted to Audit Manager.  He joined Alerding CPA Group in 2006 upon graduating from Indiana University.  Chris oversees the audit process for closely-held businesses, non-profit organizations, pension and A-133 plan audits and provides support for phantom share and bonus plan calculations. Jennifer Ray, CPA, promoted to Tax Manager,  will focus on the day-to-day management of the Tax Department and building and maintaining client relationships.  She specializes Read more [...]

From The Rookies’ Perspective…

| News

I recently invited a couple of our young professionals to reveal some of their insights as they conclude their rookie season with Alerding CPA Group.  Both Evan Rauch and Tyler Kleinschmidt joined our firm in September 2012 as members of our audit team and can officially say they’ve survived their first year in public accounting. Public accounting can be an intimidating field to launch your professional career.  What were your feelings in the days and weeks before you started with Alerding Read more [...]

Accounting & Reporting Standards for Privately-Held Businesses – the FASB Needs to Step Aside….

| Audit and Accounting

By Mike Alerding     In 42 years of public accounting, I have fought the “Public vs Non-Public” battle of accounting and disclosure principles to no avail.  The FASB continually and consistently has stuck to its guns that “GAAP is GAAP” like not unlike the “Right is Right” concept.  However, regardless as to what those at the FASB believe, when it comes to reporting for closely-held businesses, Right is not always GAAP and certainly GAAP is not always RIGHT. In early June 2013, Read more [...]

We are celebrating our 15 year Anniversary with a new brand!

| News

Alerding CPA Group has experienced an incredibly successful 15 years of service thanks to our loyal clients, wonderful business partners and friends, and our amazing employees and their families.  We have been truly blessed to be given the honor of serving so many closely-held businesses, not-for-profit organizations and individuals. The milestone has brought about a time of reflection and re-evaluation of who we are and where we are headed.  We are an Indianapolis-based full service public accounting Read more [...]

The American Taxpayer Relief Act of 2012

| Alerding Alerts

Over the New Year Holiday, Congress passed The American Taxpayer Relief Act of 2012. The new tax law extends several tax cuts for individuals and businesses; however, it also allows for tax rates to increase and some deductions to decrease for the nation’s "high income" earners. Most of the provisions will be adjusted for inflation in future tax years. Individual Tax Provisions Top individual marginal tax rate increases to 39.6% (from 35%) for married couples earning $450,000 and single taxpayers Read more [...]