Categorizing activities between passive or non-passive is not an easy task. Many times, this could determine if a current income deduction is received or which tax rate should be applied. In general, passive losses may only offset other passive activities… Read More
Anders has been selected by The St. Louis Post-Dispatch as the 2016 Top Workplace in the Midsize Employer Category. Anders has been on the Top Workplaces list several times, but this is the first time being ranked at the top… Read More
After 10 long years of deliberation, the Financial Accounting Standards Board (FASB) has issued an accounting standards update (ASU) related to accounting for leases. The most significant changes affect accounting for operating leases by lessees.
What is Now Required?
The… Read More
Question: Our company sponsors a Health Reimbursement Arrangement (HRA) that’s integrated with our fully insured major medical plan. Only employees who enroll in our medical plan can participate in the HRA, though expenses of an employee’s spouse or tax dependent… Read More
Extensions of the Protecting Americans from Tax Hikes Act of 2015 (PATH) provided permanent extensions and new incentives for real estate investments. Extensions and modifications to bonus depreciation, Section 179 depreciation and Section 179D deductions can help your small business… Read More