June 2021

Shannon T. Forkin CPA, CGMA Tax Partner

Featured Article From Our Experts Five Steps to Establish When Starting a New Business The decision to start a new business never comes lightly. And during the current economic times, the additional stress can be even more overwhelming. Nevertheless, the key to a successful business launch is to have a strategy in place from day one. In this article, we will review five steps you should take to alleviate some of the new business stress and ensure you have given your business every opportunity to succeed. Read More

Considering a Roth IRA Conversion Future retirees have long grappled with whether to opt for a traditional or Roth IRA. Those who have a traditional IRA and have seen a decline in the value of their investments may want to consider a conversion to a Roth. This article reviews how these accounts work and the strategy in question. Read More

Worker Classification is Still Important If a business engages independent contractors to address staffing needs, it needs to be careful that these workers are properly classified for federal tax purposes. This article reviews the general rules for distinguishing an independent contractor from an employee.  Read More

Should an LLC Hold Your Vacation Home? Holding a vacation home shared by family members in a limited liability company is one option that can offer important benefits. This short article lists several: asset protection, ease of management, ownership restrictions and estate planning advantages.   Read More

How the Consolidated Appropriations Act  Affects Education Funding The Consolidated Appropriations Act, signed into law late last year, contains a multitude of provisions that may affect individuals. This article discusses how the law affects college education funding; specifically, student loans and tax credits. 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 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