16 Apr Tax Filings and Payments
Any affected person with a federal income tax return due on April 15th will now have until July 15, 2020 to file their return. This is a change from...
News & Events
16 Apr Coronavirus Legislation–Important Guidance on PPP Loans
Key Updates on Recent Legislation Business Legislation: The Family First Coronavirus Response Act requires certain size employers to provide paid sick leave as well as paid family and medical leave to employees....
16 Apr Key Highlights of the Coronavirus Aid, Relief and Economic Security Act (CARES Act)
Individual Legislation: Certain withdrawals from retirement plans (up to $100,000) will not be subject to the 10% early distribution penalty Increase of maximum loan from qualified plans to $100,000 (up...
20 Mar Treasury Relief Postpones Certain Tax Payments
The IRS has released guidance related to the postponement of certain tax payments as relief to taxpayers during the COVID-19 outbreak. This measure provides one of the first of what...
29 Oct Tax Issues When Winding Up the Estate of a Loved One
When a loved one who was "financially comfortable" passes away, his or her family must deal with the emotional issues that come with the loss — as well as winding up...
27 Aug Key Considerations Under the New Tax Law
Posted at 03:00h in Charitable Giving, Estate and Trust, Hot Topics, Individual Tax, Tax Reform, Tax Services
More than ever, it is important for individuals and businesses to enter into detailed tax planning. Due to the complexity of the tax law, the details are often left to...
09 Jan Universal White Cement Case Study
Logistical analysis and multi-state tax advisory leads to business growth for pool industry company. Universal White Cement (Universal) was started 1995 by Randy Liljenquist and several partners with cement additives they...
16 Nov Cost Segregation and Opportunity Zones – A Tax Cuts and Jobs Act Impact
Businesses that acquire, construct or perform capital improvements to buildings could find additional deduction benefits through a cost segregation study. It is a strategic tool to accelerate depreciation expense. Combining...
26 Oct Ferrin-Tech, LLC Case Study
Multi-Phase Business Growth and Asset Sale Leads to New Entity Consulting Robert Davies, Managing Director of Ferrin-Tech, LLC, has worked with Schmidt Westergard on a variety of tax, audit, compliance and...
24 Oct Tax Reform Updates
IRS Guidance Issued Regarding Meals and Entertainment Deductions The IRS has issued some much-anticipated guidance on Section 274, which was significantly impacted by of the Tax Cuts and Jobs Act of...