badencpa.com RSS Feed https://badencpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Sat, 01 May 2021 09:00:00 -0500 Sat, 01 May 2021 09:00:00 -0500 Tax Withholding for Seasonal and Part-Time Employees https://www.badencpa.com/newsletter.php#2 Part-time and seasonal employees are subject to the same tax withholding rules that apply to other employees. Sat, 01 May 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#2 Tax Return Tips for Last-Minute Filers https://www.badencpa.com/newsletter.php#1 If you've been procrastinating about filing your tax return this year, here are some tips that might help. Sat, 01 May 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#1 Saving for Education: Understanding 529 Plans https://www.badencpa.com/newsletter.php#3 Section 529 plans are an excellent way to save for your child's education and can be used for pre-college and vocational education expenses as well as college. Sat, 01 May 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#3 Deducting Business-Related Car Expenses https://www.badencpa.com/newsletter.php#5 If you're self-employed and use your car for business, you can deduct certain business-related car expenses. Sat, 01 May 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#5 Avoiding Tax Surprises When Retiring Overseas https://www.badencpa.com/newsletter.php#4 Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it's important to look at the tax implications because not all retirement destinations are created equal. Sat, 01 May 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#4 Q & A: The $10,200 Unemployment Tax Break https://www.badencpa.com/newsletter.php#4 A new tax break - in effect only for the 2020 tax year - allows you to exclude the first $10,200 of unemployment compensation from your taxable income. Thu, 01 Apr 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#4 PPP Loan Deadline Extended Through May 31 https://www.badencpa.com/newsletter.php#5 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, extending the deadline to apply for a loan by an additional 60 days. Thu, 01 Apr 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#5 Highlights of the American Rescue Plan Act https://www.badencpa.com/newsletter.php#2 Signed into law on March 11, the American Rescue Plan Act of 2021 contains several tax provisions affecting individuals and families. Thu, 01 Apr 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#2 Federal Tax Deadline Extended To May 17 https://www.badencpa.com/newsletter.php#1 The federal income tax filing due date for individual taxpayers, including those who pay self-employment tax, has been extended to Monday, May 17, 2021. Thu, 01 Apr 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#1 Economic Impact Payments: Round Three https://www.badencpa.com/newsletter.php#3 Starting March 12, the IRS began sending out the third round of economic impact payments via direct deposit, paper checks, and EIP Cards. Thu, 01 Apr 2021 09:00:00 -0500 https://www.badencpa.com/newsletter.php#3 Overview of American Rescue Plan Act of 2021 https://www.badencpa.com/blog.php?id=68 On March 11, 2021, the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) was signed into law. The act includes mandatory funding, program changes and tax policies to provide relief for individuals and businesses struggling due to COVID-19. Below are some of the tax provision highlights. Mon, 15 Mar 2021 09:00:00 -0500 https://www.badencpa.com/blog.php?id=68 Employee Retention Credit Increases for Employers https://www.badencpa.com/blog.php?id=67 This article looks at the extended and modified employee retention tax credit (ERC), allowing some employers to now receive tax refunds even if a PPP loan was received. Tue, 16 Feb 2021 09:00:00 -0600 https://www.badencpa.com/blog.php?id=67 SECURE Act: Setting Every Community Up for Retirement Enhancement https://www.badencpa.com/blog.php?id=66 On December 20, 2019, the SECURE (Setting Every Community Up for Retirement Enhancement) Act was signed into law. The legislation contained many new laws. Here are a few items that may impact you. Wed, 22 Jan 2020 09:00:00 -0600 https://www.badencpa.com/blog.php?id=66 Forbes Names Baden Top Recommended Tax and Accounting Firm in America https://www.badencpa.com/blog.php?id=65 Forbes names Baden Gage & Schroeder one of America's Top Recommended Tax and Accounting Firms. Baden is one of five firms in Indiana to be given this distinction, and they were also recommended for both tax and accounting. Tue, 14 Jan 2020 09:00:00 -0600 https://www.badencpa.com/blog.php?id=65 Indiana Adds Reporting Requirements for Employers in 2019 https://www.badencpa.com/blog.php?id=64 The Indiana Department of Workforce Development (DWD) is rolling out their redesign of the Employer Self-Service System (ESS). The new platform will change employer filing requirements beginning with first quarter 2019 (1Q2019). Tue, 26 Mar 2019 09:00:00 -0500 https://www.badencpa.com/blog.php?id=64 QBI: Final Section 199A Regulations Revealed https://www.badencpa.com/blog.php?id=63 On January 18, 2019, the IRS released the final regulations pertaining to the new Section 199A 20% Qualified Business Income Deduction. Rather than provide any major functional changes in the deduction, the final regulations served to answer questions concerning the proposed regulations (issued in August 2018) and take the resulting practitioner comments and suggestions into consideration. In this article, we have highlighted a few of the noteworthy items that were revealed by the final regulations. Tue, 29 Jan 2019 09:00:00 -0600 https://www.badencpa.com/blog.php?id=63 Sales Tax and Use Tax Changes May Be on the Horizon https://www.badencpa.com/blog.php?id=62 US Supreme Court Overturns Quill Standards: What this may mean for sales and use tax in other states? Wed, 27 Jun 2018 09:00:00 -0500 https://www.badencpa.com/blog.php?id=62 Indiana Real Estate Tax Guidance https://www.badencpa.com/blog.php?id=61 Can you make a prepayment on your real estate taxes before the new law takes effect? Read the full article by Kara Smith, CPA, Director at Baden Gage & Schroeder, as she helps answer that question and gives guidance on how to take action. Thu, 28 Dec 2017 09:00:00 -0600 https://www.badencpa.com/blog.php?id=61 Tax Reform Tips for Individuals https://www.badencpa.com/blog.php?id=60 Are you wondering how to take advantage of the sweeping tax reform bill now on President Trump's desk? Here are four practical tax planning tips for individuals to reduce your 2017 tax bill. Fri, 22 Dec 2017 09:00:00 -0600 https://www.badencpa.com/blog.php?id=60 Accounting Standards for Revenue Recognition Are Changing. Are you ready? https://www.badencpa.com/blog.php?id=59 Accounting standards for companies using GAAP are changing. Diane provides 5 basic steps for recognizing revenue under the new standards. Tue, 01 Aug 2017 09:00:00 -0500 https://www.badencpa.com/blog.php?id=59 FBAR Deadline Moves to April https://www.badencpa.com/blog.php?id=58 The Foreign Bank Account Reporting (FBAR) deadline for 2016 has been moved to April 18, 2017. Wed, 15 Feb 2017 09:00:00 -0600 https://www.badencpa.com/blog.php?id=58 Stamp Out Tax Season Stress! https://www.badencpa.com/blog.php?id=56 Helpful hints along with a video to eliminate stress during tax season. Wed, 01 Feb 2017 09:00:00 -0600 https://www.badencpa.com/blog.php?id=56 Indiana Requires Less Reporting for Nonprofits https://www.badencpa.com/blog.php?id=57 Effective July 1, 2016, Indiana nonprofit organizations have new filing requirements. Read full article to find out more. Mon, 09 May 2016 09:00:00 -0500 https://www.badencpa.com/blog.php?id=57 Retirement: Is Your Family Business Ready? https://www.badencpa.com/blog.php?id=55 Succession planning for small, family owned businesses is key to maximizing the value in your business before retirement. Tue, 09 Feb 2016 09:00:00 -0600 https://www.badencpa.com/blog.php?id=55 Is Your Favorite Pastime a Business or a Hobby? https://www.badencpa.com/blog.php?id=54 When a hobby becomes provides an income stream, it is time to consider the tax impact. Read Tyler's blog to find out more. Tue, 19 Jan 2016 09:00:00 -0600 https://www.badencpa.com/blog.php?id=54 Hiring a Qualified Benefit Plan Auditor https://www.badencpa.com/blog.php?id=53 A quality benefit plan audit aids in safeguarding employee benefit plan assets. Read Amanda's blog to learn more about hiring an auditor. Wed, 06 Jan 2016 09:00:00 -0600 https://www.badencpa.com/blog.php?id=53 Popular Solutions for Saving for College https://www.badencpa.com/blog.php?id=52 Are you worried about paying for college? Chelsea reviews two solutions in her blog. Tue, 08 Dec 2015 09:00:00 -0600 https://www.badencpa.com/blog.php?id=52 Ten Ways to Protect Your Business https://www.badencpa.com/blog.php?id=51 Steps business owners can take to minimize the ups and downs of a changing economy. Wed, 02 Dec 2015 09:00:00 -0600 https://www.badencpa.com/blog.php?id=51 Tax Tips for Charitable Giving https://www.badencpa.com/blog.php?id=50 It's the time of year when we feel the most charitable. Follow Jennifer's tax tips when planning your charitable giving. Wed, 25 Nov 2015 09:00:00 -0600 https://www.badencpa.com/blog.php?id=50 Six Indiana Counties Change Local Income Tax Rates https://www.badencpa.com/blog.php?id=49 Indiana employers should be aware that income tax rates changed for 6 counties. Read Michelle's blog for the details Fri, 20 Nov 2015 09:00:00 -0600 https://www.badencpa.com/blog.php?id=49 How to Handle Scandal https://www.badencpa.com/blog.php?id=48 What action should you take if your business is faced with a scandal? Read Ken's insight into ways to prepare and mitigate the damage. Wed, 04 Nov 2015 09:00:00 -0600 https://www.badencpa.com/blog.php?id=48 Heads Up Indiana Employers -- No More UC1 Forms Being Mailed https://www.badencpa.com/blog.php?id=47 Indiana employers will no longer be receiving UC1 forms in the mail. Employers are now encouraged to use Uplink to file their quarterly unemployment reports. Mon, 19 Oct 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=47 Identity Theft: How to Protect Yourself https://www.badencpa.com/blog.php?id=46 Identity theft is becoming a common problem. Learn new ways to protect yourself recommended by the IRS. Mon, 12 Oct 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=46 See Something, Say Something... https://www.badencpa.com/blog.php?id=45 Tips from employees, customers and vendors can often be the best defense against fraud. This article sheds light on occupational fraud and what you should do if you see something. Sun, 27 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=45 How to Start a Conversation about Financial Planning https://www.badencpa.com/blog.php?id=44 This article provides a few helpful hints in how to get the conversation started with your CPA, advisor or attorney about financial and retirement planning. Sun, 27 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=44 Indiana Tax Amnesty Available Now Thru Nov 16 https://www.badencpa.com/blog.php?id=43 Tax Amnesty 2015 is a limited-time opportunity for both individuals and businesses in Indiana to pay past-due base taxes free of penalty, interest, and collection fees. Read the entire article to learn more. Fri, 18 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=43 New Chip Cards Help Reduce Risk of Credit Card Fraud https://www.badencpa.com/blog.php?id=42 On October 1, retailers and businesses accepting credit card payments are required to start processing payments using the new EMV chip-based security system. Thu, 17 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=42 Tips for Preventing Fraud in Not-For-Profit Organizations https://www.badencpa.com/blog.php?id=41 Fraud prevention tips for non-profit organizations Tue, 15 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=41 Truth-seeking Interview Techniques for Finding Fraud https://www.badencpa.com/blog.php?id=40 Learn more about interviewing techniques for finding fraud. Mon, 14 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=40 Six Key Attributes for Business Success https://www.badencpa.com/blog.php?id=39 Cash flow, risk and growth drive the value of a business. However, there are six key attributes that have a profound impact on an organization's long-term success. Read the full article to learn more about the six attributes of a successful business. Thu, 10 Sep 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=39 401(k) Participants Sue Plan Fiduciaries and Win https://www.badencpa.com/blog.php?id=38 The Supreme Court ruled unanimously in favor of Edison International's 401(k) plan participants, who claimed Company fiduciaries violated their duty to monitor investment funds. Wed, 08 Jul 2015 09:00:00 -0500 https://www.badencpa.com/blog.php?id=38 Fraud On Rise for Small, Non-public Companies https://www.badencpa.com/blog.php?id=37 Fraud, waste and abuse in smaller, non-public companies are on the rise according to the Association of Certified Fraud Examiners (ACFE). Wed, 10 Sep 2014 09:00:00 -0500 https://www.badencpa.com/blog.php?id=37