Year end is rapidly approaching. It's now time to consider making some moves that will lower your 2016 tax bill and get you into position for tax savings in future years. This article offers some year-end planning tips for individuals — while keeping the results of the recent election in mind.
Current Federal Tax Scene
The 2016 federal income tax rate picture for...
This holiday season taxpayers are receiving a "gift" from Washington, D.C. It's the Protecting Americans from Tax Hikes Act of 2015 or, simply, the PATH Act. It does more than just extend expired tax provisions for another year. The bipartisan deal makes about one-third of these tax provisions permanent. Many others have been extended for periods ranging from two to five...
The IRS has issued new regulations effective for 2014 that affect a taxpayer's ability to deduct certain materials and supplies expenses. The IRS regulations also set guidelines for property and equipment that must be capitalized. Part of the compliance involves a change in accounting method for most taxpayers and is best completed on the 2014 tax return.
There are decisions that need to be made now about adopting these regulations and making the correct elections. Anyone with a corporation, partnership or 1040 with a schedule C, E, F, or farm rental; we advise you to discuss these matters with you Huth Thompson tax professional. It is best to know your options and be informed. Please contact us with your questions, we are ready to help.
We are excited to announce that our team here at Huth Thompson LLP is not only growing, but two Supervisors have now been promoted to the role of Manager. Cindy Bupp and Kayla Kilgus are now helping to lead Huth Thompson and take on more responsibilities as Managers. The partners also promoted James Corn to Supervisor, and Andrew Miller to Senior Accountant. We would like to extend congratulations to all of them on their recent achievements and look forward to watching them excel in their new roles!
WASHINGTON — As incidents of an aggressive telephone scam continue across the country, the Internal Revenue Service unveiled a new YouTube video with a renewed warning to taxpayers not to be fooled by imposters posing as tax agency representatives.
The new Tax Scams video describes some basic tips to help protect taxpayers from tax scams.
These callers may...
Continuing to evolve its brand as Greater Lafayette’s accounting and business consulting firm that offers the most diversity and depth of specialized services, Huth Thompson LLP is announcing the launch of its dedicated business valuation department.
Led by Certified Valuation Analyst (CVA) and Certified Financial Forensics (CFF) expert, Tina...
For more than 85 years, Huth Thompson has been entrenched in the Lafayette community, in one form or another. Now, with two new senior partners, the firm's seven leaders are hoping that continues long into the future. Read
New Huth Thompson Service Reveals Strategy to Maximizing Benefits
Huth Thompson LLP, a Lafayette, Indiana-based certified public accounting and consulting firm, is offering a new service dedicated specifically to potential and existing clients nearing their retirement.
Huth Thompson LLP, an accounting and wealth-management consulting company serving northwest-central Indiana since 1927, is announcing that Travis Duell, CPA, is now a partner in the firm.
While taking on a leadership position and working with the partner group in the ongoing cultivation of the firm’s client-service capabilities, Duell will continue to directly consult with and...
Huth Thompson LLP, an accounting and wealth-management consulting company serving northwest-central Indiana since 1927, is announcing that Kyle Clark, CPA, is now a partner in the firm.
While taking on a leadership position, Clark will continue to directly consult with and provide services to both business and individual clients, with the ongoing goal of meeting their financial and...
The Indiana Bankers Association (IBA) has announced a new associate member with a compelling background in providing high-quality, cost-effective auditing services to privately owned financial depository institutions.