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Opening the “Back Door” to a Roth IRA

by Melissa Rager

A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you make withdrawals at retirement. Roth plans, on the other hand, allow tax-free distributions; the tradeoff is that contributions to these plans don’t reduce your current-year taxable income. Unfortunately, modified adjusted gross income (MAGI)-based phaseouts may […]

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Summer Firm Meeting Recap

by Sara Robertson

Last Friday, we held our annual firm meeting. GBQ hosts quarterly firm meetings throughout the year, but the annual meeting is always our big one (and my favorite!). We announce promotions, give out recognition and service awards, and have a little fun (yes, contrary to popular belief, accountants DO know how to have fun). We try […]

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CPA Exam to Emphasize Testing of High-Level Skills

by Associate

CPA candidates ought to start sharpening their critical-thinking skills if they know what’s good for them. The Journal of Accountancy reports that the Uniform CPA Examination is expected to undergo revisions emphasizing “higher-order” skills in the near future, with the changes likely taking effect in 2017.  Public feedback on the future of the CPA exam […]

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