Many legislators from agricultural states like Iowa have been fighting to fix an unintended consequence that was written in the 199A tax provision giving farmers a tax incentive to sell their products to cooperatives over other types of businesses, like private elevators.
No two people are alike when it comes to filing taxes, making it difficult to know when to bring in an expert to help. Here are five things for people to consider when weighing their options:
A child’s investment income in excess of $2,100 for both 2017 and 2018 continues to be subject to what is called the “kiddie tax.” But, the way the investment income is taxed has changed.
Higher exclusions may tempt some individuals to overlook estate tax planning, resulting in missed potential opportunities. It could be a mistake to over-simplify your estate plan in reaction to the new law.
Understanding Entertainment Expenses Under the Tax Cuts and Jobs Act
One of the new provisions under the now signed Tax Cuts and Jobs Act may have you thinking twice before scheduling a round of golf with you customer. Yes, we’re talking about changes to the entertainment expense deduction. Previously, no deduction was allowed for ordinary and necessary expenses for an activity of a type generally […]
Live Updates from National Council of Farmer Cooperatives Annual Meeting in New Orleans
BerganKDV partner and agriculture industry expert Mike Regan is currently attending the National Council of Farmer Cooperatives Annual Meeting in New Orleans. Below are updates from Mike on what he is learning at the conference: Thursday, February 8 – 11 a.m. – Update on 199A Deduction: Since the Section 199A fix was not included in […]
Did You Know: Taxpayers are allowed a qualified business income deduction?
If your individual taxable income is typically $315,000 or more ($157,500 for single filers), then this deduction will be phased out for specified service trades such as health, law, consulting, athletics, financial or brokerage services.
New User Interface Reshapes the Future of Human Capital Management
K-Pay has unveils next-generation user interface BerganKDV, one of the largest payroll providers in the Midwest, shares one of the most-anticipated launches. K-Pay, a next-generation user interface is set to reshape the future of Human Capital Management. The innovation allows organizations too: Work their way with the industry’s top fully responsive UI, allowing managers and […]
Innovations Drive Record HR Growth
BerganKDV’s Payroll Division Shares Promising Fiscal Q2 Results BerganKDV’s Payroll Division approaches mid-year (fiscal July 1 – June 30) recording one of its highest K-Pay implementation rates in any single quarter. Since July 1, BerganKDV has added 123 organizations throughout the Midwest. The group acknowledges that many of the sign ups are a result of […]
Orthodontic Practice Statistics Provide Benchmarks on Operating Costs and Income
The 2017 orthodontic statistics have been compiled by a team of BerganKDV accountants to help practitioners see how they stack up with their peers on metrics such as average income before owner compensation, fees received and a wage and fee survey.
January 2018 NMI
Below you will find information on the U.S. Non-Manufacturing Managers Index (NMI®). This information is intended for those looking for forward leading indicators of non-manufacturing health in the U.S. Non-Manufacturing Index Summaries The NMI® registered 59.9 percent, 3.9 percentage points higher than the seasonally adjusted 56 percent registered in December, indicating continued growth in the […]
January 2018 PMI
Below you will find information on the U.S. manufacturing Purchasing Managers Index (PMI®). This forward leading information is intended for those that are manufacturers or do business with manufacturers. Domestic Manufacturing PMI® at 59.1 percent, a decrease of 0.2 percentage point from the seasonally adjusted December reading of 59.3 percent. This indicates growth in manufacturing […]
Five Tax and Financial Impacts for Construction & Real Estate Industry Leaders to Consider
From the initial analysis done on the 2017 tax reform bill, the construction and real estate industries appear to significantly benefit from the new legislation. Several provisions will need to be closely examined, from the reduction in the corporate rate to pass-through entity tax relief. We recently sat down with firm partner Sarah Zimmerman to get her take on the new legislation.