December 2021
Featured Article From Our Experts
Lease Accounting Standard Is No Longer Delayed for Private Companies and Nonprofit Organizations

After much delay, lease accounting standards for private companies and non-profit organizations have been approved by the Financial and Accounting Standards Board (FASB). The new Accounting Standards Update (ASU) affects all companies that lease assets. Many public entities have reported that implementing the new lease accounting was more challenging and required a larger cross-sectional effort than anticipated. In this article, I will review the guidance, changes to required disclosures and steps to take to be prepared.

Budgeting for Baby
Babies bring joy and excitement. They also bring substantial adjustments to the family budget! This article discusses a couple of ways to pacify the challenge, including checking insurance and reviewing tax breaks. A sidebar advises starting a college fund as early as possible.
Gig Workers: Here Comes an Estimated Tax Deadline
Taxpayers who are gig workers or otherwise self-employed likely must make estimated tax payments to the IRS every quarter. This article notifies readers of an upcoming payment deadline, explores the details of estimated tax payments and looks at a method that may help people whose income isn’t earned uniformly throughout the year.
Appraisals Aren’t Just for Businesses Anymore
For hard-to-value assets, such as closely held businesses, real estate and art, a professional appraisal may be necessary. This article explores situations that call for an appraisal, including retirement and estate planning, gift disclosures and charitable donations.
Is Your Business Eligible for the QBI Deduction?
Since the introduction of the qualified business income (QBI) deduction, many business owners have been left wondering whether they qualify for it. This brief article explains who’s eligible and how businesses may take action at year-end to qualify.
Register for our Annual Nonprofit Conference on January 12, 2022!
Join us for our Annual Nonprofit Conference. This conference is designed to provide valuable insight on the financial and operational issues facing the nonprofit industry and to help you become more effective in managing your organization or serving on a board.


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 plus years' 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.