The Crystal Client Spotlight shines on Arts for Learning

| Client Spotlight

Studies show that children and teens who participate in the arts perform better academically, are more likely to receive community service awards and score higher on college admission tests. And that’s where Arts for Learning comes in. Since 1961, this Indiana affiliate of Young Audiences, has been connecting Hoosier children with the power of art, reaching nearly 64,000 youth each year. Arts for Learning, an Alerding CPA Group client, is the oldest and largest nonprofit provider of professional Read more [...]

There’s still time to set up a retirement plan for 2016

| Tax Briefs

Saving for retirement can be tough if you’re putting most of your money and time into operating a small business. However, many retirement plans aren’t difficult to set up and it’s important to start saving so you can enjoy a comfortable future. So if you haven’t already set up a tax-advantaged plan, consider doing so this year. Note: If you have employees, they generally must be allowed to participate in the plan, provided they meet the qualification requirements. Here are three Read more [...]

What the self-employed need to know about employment taxes

| Tax Briefs

In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and self-employment income. The 12.4% Social Security tax applies only up to the Social Security wage base of $118,500 for 2016. All earned income is subject to the 2.9% Medicare tax. The taxes are split equally between the employee and the employer. But if you’re self-employed, you pay both the employee and employer portions of these taxes on your self-employment income. Additional Read more [...]

Thinking big is the first step toward growing your business

| Business Briefs

Nearly every business owner wants to grow his or her company. But with growth comes risk, and that can keep you from taking the steps necessary to move forward. Yet if you don’t think big and come up with a long-term strategic plan, you’ll likely continue to spin your wheels. Eyes on profits and value Public companies answer to investors who consider earnings per share and stock price to be key indicators of their return on investment. Maximizing earnings is a short-term goal, but building Read more [...]

How can your business make the most of the cloud?

| Business Briefs

Like many companies, yours probably stores at least some of its business files, documents and information in “the cloud.” This is the widely used term referring to the seemingly infinite data storage capacity of the Internet. Using the cloud generally means lower IT costs, because you don’t have to deploy a lot of expensive hardware and software on-site and it’s scalable — in other words, you can easily expand or diminish your data storage capabilities as necessary. Most cloud services Read more [...]

2016 Promotions & New Staff

| News

(INDIANAPOLIS) – The directors of Alerding CPA Group, an Indianapolis-based certified public accounting firm, are pleased to announce the following staff promotions and new appointments: Tracie Delph, CPA – promoted to Entrepreneurial Services Supervisor (photo) Tyler Kleinschmidt, CPA – promoted to Audit Senior (photo) Justin Schwartz, CPA – promoted to Audit Senior (photo) Kathryn Hartman – new Staff Accountant Hannah Medler – new Staff Accountant Tracie Delph, Entrepreneurial Read more [...]

Michael Alerding Receives Indiana University’s Inaugural Accounting Alumni Recognition Award

| News

We are pleased to announce that Michael P. Alerding was selected as one of only 12 winners nationally in the Indiana University Kelley School of Business’ inaugural Accounting Alumni Recognition Awards. Alerding received his award, in the Community Service category, on September 23 during a banquet in the President’s Hall on the Bloomington campus. Alerding, a 1971 Indiana University graduate who has worked in public accounting for forty-five years, has been extensively involved in the Indianapolis Read more [...]

Documentation is the key to business expense deductions

| Business Briefs

If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court cases that help illustrate the rules for documenting deductions. Case 1: Insufficient records In the first case, the court found that a taxpayer with a consulting business provided no proof to substantiate more than $52,000 in advertising expenses and $12,000 in travel expenses for the two years in question. The business owner Read more [...]

Get 2 tax benefits from 1 donation: Give appreciated stock instead of cash

| Tax Briefs

If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically give cash, you may want to consider another option that provides not just one but two tax benefits: Donating long-term appreciated stock. More tax savings Appreciated publicly traded stock you’ve held more than one year is long-term capital gains property. If you donate it to a qualified charity, you can enjoy two benefits: 1) You can claim a charitable deduction Read more [...]

Proper education can drive retirement plan participation

| Business Briefs

Employers who offer retirement savings plans are already helping their workforces. But not all employees take advantage of these plans. And many who do still don’t contribute enough to retire comfortably. As a business owner, you can help your employees even more — and drive plan participation — by providing proper education on retirement planning. Here are five ways to go: 1.   Teach them about the general concepts of investing. Many employees are unfamiliar with basic economic and Read more [...]