February 2020

Michael J. Reilly CPA/ABV, CVA, CFF, CDA  Managing Partner

Featured Article From Our Experts The SECURE Act's Impact on Your Retirement In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up for Retirement Enhancement (SECURE) Act brings numerous changes for both individuals and employers. In this article, we have summarized the major provisions of the Act. Read More

The TCJA Effect : Qualified Residence Interest The Tax Cuts and Jobs Act (TCJA) made a significant impact on the deductibility of various types of interest expense for individuals. One area affected is qualified residence interest. This article reviews the TCJA's effect on this type of interest. Read More

Careful Tax Planning Required for Incentive Stock Options Incentive stock options are a popular form of compensation for executives and other key employees. They're a nice perk, but careful tax planning is required because of the complex rules that apply. This article discusses their advantages and offers some tips on managing the tax impact on the 2019 tax year, as well as in the future. Read More

Own a Pass-Through Entity? Beware the Ides of March "Beware the Ides of March." Shakespeare's words don't apply just to Julius Caesar; they also apply to owners of pass-through entities such as calendar-year partnerships and certain S corporations and limited liability companies. Why? Because the Ides, March 15, is the federal income tax filing deadline for such entities. This article explains the details. Read More

Accounting for the Near and the Long Term in a Family Budget A good family budget should be simple yet comprehensive. As this brief article explains, this objective can be accomplished by addressing both the near term (such as day-to-day items) and the long term (such as college educations and retirement). Read More

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