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Why you shouldn’t procrastinate on filing your 2014 income tax return

by Melissa Rager

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline is just a few weeks — or perhaps even just a few days — away. But there’s another date you should keep in mind: Jan. 20. That’s the date the IRS began accepting 2014 returns, […]

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In Case You Haven’t Heard…Rebekah Smith Named Partner

by Sara Robertson

Earlier this month, GBQ announced that Rebekah Smith, CPA, CFF, CVA, MAFF, Director of Forensic and Dispute Advisory Services, is now a Partner in the Firm. Rebekah joined the firm in 2003 and has over 18 years of experience focusing on the areas of litigation consulting, forensic accounting, economic damages, and business valuations. You can […]

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State of the Union Touts Economic Successes, Hints at Tax Changes

by Judd Ballard

On Tuesday, the Pres took to the podium for his 6th annual self-touting prophecy, and like most SOTU’s, it contained a laundry list of policy initiatives for 2015, some pipe dreams and some fabrications.  The usual suspects were mentioned – raising the minimum wage, slowing “climate change”, combating the national and global terrorism threat, etc. […]

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Have you had your annual estate plan checkup?

by Melissa Rager

An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction amounts are adjusted for inflation, they can change from year to year, impacting your plan: Lifetime gift and estate tax exemption 2014: $5.34 million 2015: $5.43 million Generation-skipping transfer tax exemption 2014: $5.34 million 2015: […]

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In Case You Haven’t Heard… Columbus, Ohio Is THE Town For Hosting Events!

by Associate

You may have already noticed the buzz around town and the new structures in the Arena District. Columbus is hosting several big events this weekend, sure to bring more than just traffic to the city. Nationwide Arena and the surrounding area will be the site of all 2015 NHL All-Star game festivities, marking the first […]

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Tax extenders: 3 credits for businesses on their 2014 returns

by Melissa Rager

The Tax Increase Prevention Act of 2014 (TIPA) extended through Dec. 31, 2014, a wide variety of tax breaks, including many tax credits — which are particularly valuable because they reduce taxes dollar-for-dollar. Here are three credits that businesses may benefit from when they file their 2014 returns: The research credit. This credit (also commonly […]

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Tax extenders: 3 breaks for individuals on their 2014 returns

by Melissa Rager

On Dec. 19, the president signed into law the Tax Increase Prevention Act of 2014 (TIPA), which extended through Dec. 31, 2014, many valuable tax breaks that had expired at the end of 2013. Here are three that individuals may be able to take advantage of when filing their 2014 returns: State and local sales […]

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FASB Seeks to Simplify Business Combinations for Private Companies

by Associate

Earlier this month, the Financial Accounting Standards Board (FASB) offered a formal, practical response to an ongoing complaint that accounting for business combinations is unnecessarily costly for private companies. Having received input from stakeholders of private companies arguing that the complexities associated with accounting for certain aspects of business combinations were too great, FASB now […]

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