Dannible & McKee, LLP is pleased to present the October issue of our Tax & Business Alert
Featured Article from Our Experts

 
All companies face the risk of loss due to fraudulent activities. The truth is that some are better prepared than others because they have acted in ways to prevent fraud before it occurs. Audit Partner,  Brian W. Johnson, CPA, CFE, CCIFP, details a few programs a company can set up to help reduce the risk of fraud.

It's common for owners of closely held businesses to transfer money into and out of the company. But it's critical to make such transfers properly or risk unwanted IRS attention. This article explains how and why a transfer should be defined as a loan - not as compensation or a distribution.

Is "Bunching" Medical Expenses Still Beneficial in 2019?
Among the most important impacts of the Tax Cuts and Jobs Act is its increase of the standard deduction. This article explains how the increase has affected the strategy of "bunching" deductible medical expenses into one year to save tax dollars.

Read More
Cost Segregation Studies Can Benefit Business Owners
Any business owner who's acquired, constructed or substantially improved a building this year - or even in previous years - should read up on the tax benefits of a cost segregation study. This article explains how undertaking one may lead to accelerated depreciation deductions, which reduce current taxes and boost cash flow.
Mortgage Matters: To Pay Down or Not to Pay Down

If you're a homeowner and have some extra cash after paying the monthly bills, should you use it to pay down your mortgage or invest those dollars in the stock market? This brief article expresses some thoughts on this age-old question.

Read More
Join us for our Annual Tax & Financial Planning Conference--presented this year in Syracuse, Albany and Binghamton!
This complimentary and informative conference is designed to provide insight on recent tax, accounting and financial changes, and highlights of both opportunities and challenges businesses and individuals will face this year. Plus, each conference will feature presentations from local Keynote Speakers.  CPE credit will be offered.



 
 
About Dannible & McKee, LLP
 
Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978.  Throughout this forty-year history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients and it's also the most significant way we can contribute to their long-term success.

 
To learn more about Dannible & McKee, visit us at: www.dmcpas.com

Dannible & McKee, LLP | reachus@dmcpas.com  | (315) 472-9127 | www.dmcpas.com
See what's happening on our social sites: