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Millennial Reminders

by Greg Hopkins

With the start of spring, many of us begin to become more and more active throughout our communities, taking vacations, going out to eat and attending concerts/events. The joys of life in the short-term should always be enjoyed to fullest; but it’s important for all of us, especially younger professionals, to be prepared for our […]

Posted in Audit & Tax Talk | Comments »

Yes, there’s still time to make a 2014 IRA contribution!

by Melissa Rager

The deadline for 2014 IRA contributions is April 15, 2015. The limit for total contributions to all IRAs generally is $5,500 ($6,500 if you were age 50 or older on Dec. 31, 2014). If you haven’t already maxed out your 2014 limit, consider making one of these types of contributions by April 15: Deductible traditional. […]

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In Case You Haven’t Heard…The NCAA Tournament Tips-Off in Columbus

by Associate

In January, I wrote about how Columbus, Ohio is turning into a premier city for hosting large events. At that time, Columbus was in the midst of hosting the city’s first NHL All-Star game (which was a huge success!). Columbus also recently played host to the wildly-successful Arnold Schwarzenegger Sports Festival, which has grown so […]

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Do you need to file a 2014 gift tax return by April 15?

by Melissa Rager

Generally, you’ll need to file a gift tax return for 2014 if, during the tax year, you made gifts: That exceeded the $14,000-per-recipient gift tax annual exclusion (other than to your U.S. citizen spouse), That you wish to split with your spouse to take advantage of your combined $28,000 annual exclusions, or Of future interests […]

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Do Your Personal Finances Pass the Stress Test?

by Ed Bannen

This week the Fed approved capital plans for banks such as Morgan Stanley, Wells Fargo, and Goldman Sachs Group, to boost their dividends and/or buy back more stock etc. This move comes after the Federal Reserve completed its “stress test” on them. These tests are examples of the government trying to improve transparency in the […]

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GBQ’s St. Patrick’s Day Tradition

by Sara Robertson

For over 35 years, GBQ has been celebrating St. Patrick’s Day as only savvy accountants and consultants can do…with green bagels. GBQ’s green bagel tradition dates back to 1980 when the idea was presented to our three founding partners – Morris Groner, Jack Boyle and Ron Quillin. The annual event was embraced and encouraged by Boyle […]

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GBQ Has Successful Review By Peers

by Sara Robertson

I said it (ok, wrote it) back in October when GBQ received their PCAOB Inspection Report and I’ll say it again: one of the great things about my job is that I get to brag about GBQ (a lot! #sorrynotsorry). Today, I am bragging about our recent Peer Review with a “pass” rating (that’s the […]

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You might benefit from deducting investment interest expense on your 2014 tax return

by Melissa Rager

Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and alternative minimum tax purposes. But special rules apply that can make the deduction less beneficial than you might think. Your investment interest deduction is limited […]

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Finance Executives Wrestle with Anticipated Financial Reporting Requirements

by Associate

A recent survey conducted by KPMG finds that 64% of corporate finance executives remain unsure of how they will adopt the converged revenue recognition standard that was issued back in May of 2014. Consequently, it seems appropriate that the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), who are responsible for […]

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In Case You Hadn’t Heard…PGA Tour Caddie Bibs Are Quite Valuable

by Paul Fullerman

There’s an old adage in the golf world known as the “three ups” for caddies – show up, keep up, and shut up. Well, that final one is being put to the test.   A month ago, more than 80 professional caddies filed a multi-million dollar federal lawsuit against the PGA Tour. The issue at the […]

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