News and Upcoming Events at Conner Ash
Feb 02, 2016
If you pay an individual to perform services at your home, you may be an household employer. Check out this weeks' blog post to find out about tax reporting requirements for household employers.
Jan 26, 2016
If you want to clear a room, simply bring up the topic of death and dying. Read Vivian's blog post to learn a few general questions to ask yourself when considering your arrangements.
Jan 19, 2016
If you are thinking about purchasing a rental house to save on taxes, there are many limitations to keep in mind.
Jan 12, 2016
Consider some New Year "financial" resolutions to help you get your financial life "in shape"!
Jan 05, 2016
Are you a small business owner who should be making these new year's resolutions?
Dec 29, 2015
Don't be surprised! Social Security benefits have been taxable for over 30 years.
Dec 22, 2015
Learn about changes to the Statute of Limitations for the IRS audit period in Jim Gentry's blog post!
Dec 15, 2015
As a business owner, your business is likely your most valuable asset. But how do you determine the value of that asset?
Dec 03, 2015
The tax rules contained in the health insurance reform law (Affordable Care Act or ACA) continue to evolve. The effect of the ACA on your 2015 personal and business federal income tax returns is outlined.
Dec 01, 2015
Read Howard Rosen's thoughts on Succession Planning in this week's blog post!
Nov 23, 2015
Learn reasons why you would use a Business Consultant in your Accounting Department in Catherine Dobrynski's blog post!
Nov 17, 2015
Learn about the phase out of the popular Social Security spousal-claiming options for retirees in Helen Floros' blog post!
Nov 12, 2015
Conner Ash P.C. has been named a Five-Star Workplace by the St. Louis Small Business Monthly!
Nov 10, 2015
Learn the different types of outsourced payroll providers in Sue Freed's blog post!
Nov 03, 2015
Learn about preparing your business in the event of a disaster in Andrea Schaefer's blog post!
Oct 27, 2015
Learn the advantages and disadvantages when deciding whether to move to QuickBooks Online!
Oct 20, 2015
Learn about how to determine if you are getting the most out of your accounting department in Dan Velcheck's blog post!
Oct 16, 2015
Need to write a Crystal Report where your tables have a one-to-many relationship? Join us and learn how to include a Subreport in your Crystal Report.
Oct 14, 2015
In today’s economic climate, it can be difficult to get a business loan, particularly for a startup. As a result, many entrepreneurs start their businesses by using personal sources of money, such as life savings and retirement funds. Howard Rosen, CPA, JD AEP, give us his insights on using personal assets and choosing your business' legal structure.
Oct 13, 2015
Learn how to protect yourself when downloading a flashlight app to your android phone in Sue Deter's blog post!
Oct 06, 2015
Learn about when to use the cash and when to use the accrual method of accounting in Brian Hantsbarger's blog post!
Sep 29, 2015
Learn about the proposed future of financial reporting for nonprofit organizations in Bob Klutho's blog post!
Sep 22, 2015
Learn about what's deductible when you take a client to a sporting or entertainment in Jim's blog post!
Sep 15, 2015
Learn about how your company culture's has an impact on fraud in Alicia Brockland's blog post!
Sep 08, 2015
Learn about the new basis rules for inherited property in Howard Rosen's blog post!
Sep 02, 2015
Conner Ash is launching a new blog page on our website. Come and check out the page.
Jul 15, 2015
Conner Ash PC and Martens & D’Angelo, LLC have announced that they have reached an agreement to merge their two practices effective September 1, 2015.
Jul 13, 2015
BKR International attracts independent accounting firms from around the world. Watch this informational video to learn why.
Jul 10, 2015
In the wake of increasing incidences of taxpayer identity theft this tax season, leaders from BKR International, a top five global accounting association, say CPAs need to do more than simply safeguard their clients' financial data.
Jul 09, 2015
Need to get to your data? Come and see how easy it can be to export, report and query your data.
Jun 26, 2015
The Supreme Court has upheld the tax subsidies under the Patient Protection and Affordable Care Act.
Jun 22, 2015
Howard Rosen CPA, JD, AEP lectured at the University of Technology Yogyakarta (Indonesia) on the benefits of international accounting associations
Jun 17, 2015
We all wish our software could think for us. Imagine what is would be like to receive an email notifying you that your Customers balance has slipped into an Aging category that just isn't acceptable.
Jun 02, 2015
Conner Ash is nominated for Best in Customer Service and Best Accounting Firm in this months Small Business Monthly.
May 29, 2015
Oh Boy... what do I do now? My ledger is out of balance! How can that happen? How do I fix it?
May 28, 2015
Howard Rosen, Conner Ash President and BKR Worldwide Chair, attended the Asia Pacific and Europe, Middle East and Africa regional meetings.
May 13, 2015
Give your Invoices and Orders some Pizazz! Replace those old boring Standard forms with something new.
Apr 30, 2015
Scams are everywhere. Identity theft has become a major problem. Learn the 10 things you should know about identity theft.
Apr 17, 2015
Sometimes the canned reports just don't give you what you want... so write your own using Crystal Reports!
Apr 08, 2015
It probably comes as no surprise that the majority of Americans are somewhat miffed at the nation's tax system. According to a recent Pew Research Center survey released March 19, the public sees the nation's tax system as deeply flawed.
Apr 02, 2015
User Preferences is a menu item that we seldom look at but can be very powerful.
Apr 02, 2015
What if you never had to update the sales tax rates in your ERP again?
Mar 27, 2015
BKR International, a leading global association of independent accounting and business advisory firms from across 75 countries, plans to strengthen its operation and expand its network in India to broker in-bound and out-bound investments and trade opportunities.
Mar 06, 2015
To Delete or Not to Delete... That is the Question
Feb 20, 2015
The resources available to the HOA and involvement of the board are key factors when determining whether to hire an outside organization or utilize the board to handle finances.
Feb 18, 2015
Your company's books show an increase in sales and net profits but cash flow remains tight. You ask yourself... How can we keep making a profit and have no money in our bank account?
Feb 09, 2015
The topic for this informative Tech Tuesday session is "What's Up With the MORE Button?".
Jan 27, 2015
You may have already started receiving tax forms in the mail - the envelopes are marked in big block letters, "IMPORTANT TAX DOCUMENTS ENCLOSED".
Jan 26, 2015
Howard Rosen recently spoke to members of the India Chamber of Commerce.
Dec 22, 2014
If you are an employer, learn about your responsibility under the Affordable Care Act (ACA) and the tax year you must file applicable forms.
Dec 19, 2014
Helen Floros, CPA gave a presentation on Capitalizing vs. Expensing Under the New Repair Regulations
Dec 10, 2014
The St. Louis Small Business Monthly published a Tax Tip for Owners by Helen Floros, Tax Manager.
Nov 26, 2014
Customer Credits - we all have them, but what do we do with them!
Nov 20, 2014
You are invited to attend a presentation on Capitalizing vs. Expensing Under the New Repair Regulations
Nov 11, 2014
Conner Ash P.C. Named Five-Star Workplace by St. Louis Small Business Monthly
Oct 31, 2014
It's the time when your accountant comes a calling and asking you to do your Year End Inventory count... oh what fun we have!
Oct 17, 2014
It's almost our favorite time of year...YEAR END! Don't be caught off-guard. It's time to reconcile vendors and get ready to prepare 1099's. In addition to learning a few tricks, see the new way to print the 1099's using the eFiling and Reporting Menu.
Oct 13, 2014
The 2014-2015 Tax Planning Guide is availabe to review or download.
Sep 08, 2014
Have you ever wished you had a field that just WASN’T there! Now you can learn how to add your own fields and have them post through to your history files. It’s easy and fun AND your users will LOVE you for it!! Join us for the next Tech Tuesday and see how simple it can be!
Aug 25, 2014
Howard Rosen has been selected as one of the 2014 Top Small Business Accountants in St. Louis by Small Business Monthly.
Jul 11, 2014
Learn what's new in Sage 100 ERP v2013 and v2014
Jun 26, 2014
Suzanne Watson, Information Technology Senior Consultant at Conner Ash, will be hosting a free webinar on Tuesday, July 1st at 10am that will demonstrate how to use the Sage Intelligence Report Designer Add-In to create reports in Excel.
Jun 16, 2014
state of missouri passed legislation that provides for reduction in tax rates and deductions for business income and additional personal exemptions
Feb 19, 2014
Lean manufacturing is nothing new — many manufacturers adopted this business model during the last decade.
Feb 12, 2014
Small business corporations that intend to elect “Subchapter S” status for the 2014 tax year still have time to submit the appropriate paperwork to the IRS.
Feb 05, 2014
If you are looking to expand your business, there’s a good chance you’ll be in the market for a small business loan
Jan 29, 2014
The St. Louis Tax Assistance Program is building communities family by family by creating and growing assets through direct and innovative financial solutions for the working poor.
Jan 29, 2014
State governments hold billions of dollars in unclaimed financial assets received from banks, insurance companies, brokerage firms, mutual fund companies, businesses, and other organizations.
Jan 13, 2014
Watching the value of a significant investment grow is wonderful — until you’re ready to take your profits, that is. Then the pain of high tax rates may leave you wishing for some relief.
Jan 06, 2014
For your information...
Dec 30, 2013
Remember when telecommuting was the hot, new workplace innovation? That seems like forever ago. Today, all you need is a smartphone and you can work anytime, anywhere.
Dec 23, 2013
Deciding when to sign up for Social Security benefits is a big deal. And just for the record, it’s not the same as deciding when to retire.
Dec 16, 2013
Small business owners like the S corporation business structure for several reasons, two of which are tax related. For federal income-tax purposes, an S corporation’s profits “pass through” and are taxed to individual shareholders.
Dec 10, 2013
As December 31, 2013 approaches, often thoughts turn towards reducing taxable income.
Nov 27, 2013
Captive insurance is insurance or reinsurance provided by a company that is formed primarily to cover the assets and risks of its parent company or companies.
Nov 20, 2013
With the implementation of the Affordable Care Act, mid-sized employers are looking for other health care benefit options.
Nov 13, 2013
As fall approaches, it’s that time of year to begin compiling your documents for your tax preparer.
Oct 18, 2013
New Market Tax Credits are offering manufacturers alternative financing, when other options aren’t available in order for them to build factories and open new markets – which in turn create manufacturing jobs
Oct 17, 2013
New Market Tax Credits are offering manufacturers alternative financing, when other finance options aren’t available. Money is now available to help them build factories and open new markets – which in turn create manufacturing jobs.
Oct 14, 2013
Gateway to Progress consulting services now include value billing pricing, partner selection and transition, compensation models, and marketing.
Sep 17, 2013
“We are pleased to welcome Helen Floros, CPA as a manager in our Tax and Entrepreneurial Business Services Practice” says Howard Rosen, President. Helen brings additional Big 4 expertise to our firm, along with the same focus on client service to which our raving fans have become accustomed.
Jul 26, 2013
Sue Deters, Information Technology Director at Conner Ash, will be hosting a free webinar on Tuesday, July 30th at 10am covering how to process pre-payments for Purchase Orders within Sage 100 ERP. This 30-minute session will also review the Power of the Right-Click function within Sage 100 ERP, so attendance to this session is highly recommended even if you don't use Purchase Orders!Join Sue Deters, Information Technology Director at Conner Ash, for a free webinar on Tuesday 7/30/13 at 10am.
Jul 12, 2013
Howard Rosen CPA, JD, AEP, and President of Conner Ash P.C., was featured in three recent articles published by the Fiscal Times. The articles all centered around the Affordable Care Act and highlighted the proposed changes, implications, and compliance requirements of the sweeping health care overhaul. Below are links to each article with excerpts featuring Howard Rosen.
Jul 09, 2013
The Obama administration has decided to delay a crucial provision of its signature health-care law until January 2015, giving businesses an extra year to prepare for a requirement that they provide their workers with insurance. However, the mandate for individuals to obtain health insurance or pay a penalty is still scheduled to go into effect in January 2014.
Jun 26, 2013
"An estimated $47 billion will be transferred from one generation to the next in the St. Louis area over the decade ending in 2020, according to a new wealth study commissioned by the Greater Saint Louis Community Foundation and other community foundations."
Apr 15, 2013
Jim Gentry, CPA was selected by Small Business Monthly as one of the "100 St. Louisans You Should Know to Succeed in Business."
Apr 12, 2013
Howard Rosen, CPA, JD, AEP, and President of Conner Ash P.C. was interviewed by Chana Joffe-Walt of NPR about some of the most confusingly named tax deductions - and what they really mean.
Jan 25, 2013
On Jan. 15, the IRS announced a new simplified home office deduction, which is available beginning with 2013 income tax returns (not the 2012 returns generally due April 15, 2013).
Jan 16, 2013
The American Taxpayer Relief Act of 2012 (ATRA) revives for 2012 and 2013 the opportunity to make tax-free IRA distributions (up to $100,000 per year) for charitable purposes. If you’re age 70½ or older, you can make a direct contribution from your IRA to a qualified charitable organization without owing any income tax on the distribution. This “charitable IRA rollover” can be used to satisfy required minimum distributions.
Jan 10, 2013
The IRS has updated income-tax withholding tables for 2013 in light of the American Taxpayer Relief Act of 2012, signed into law Jan. 2. Also, because the payroll tax holiday hasn’t been extended, employers must withhold Social Security tax at the rate of 6.2% rather than at the 4.2% rate that applied in 2011 and 2012.
Jan 08, 2013
On Jan. 2, Congress passed the American Tax Relief Act to address the fiscal cliff. The act makes permanent 2012 income tax rates for most taxpayers, as well as alternative minimum tax relief. It also extends many other breaks for individuals and businesses. However, the fiscal cliff deal does result in some tax increases...
Jan 04, 2013
To take a 2012 charitable donation deduction, the gift must be made by Dec. 31, 2012. According to the IRS, a donation generally is "made" at the time of its "unconditional delivery." But what does this mean? Is it the date you, for example, write a check or make an online gift via your credit card? Or is it the date the charity actually receives the funds -- or perhaps the date of the charity's acknowledgment of your gift?
Jan 02, 2013
In the early morning hours of Jan. 1, 2013, the Senate, by a vote of 89-8, passed H.R.8, the "American TaxpayE!r Relief Act" (the Act). Late on that same day-hours after the government had technically gone over the "fiscal cliff'-the House of Representatives, by a vote of 257 to 167, also passed the bill. The Act, which the President is expect to quickly sign into law, would prevent many of the tax hikes that were scheduled to go into effect this year and retain many favorable tax breaks that were scheduled to expire. However, it would also increase income taxes for some high-income individuals and slightly increase transfer tax rates. This article provides an overview of the Act's key provisions.
Dec 20, 2012
If you own highly appreciated assets you've held long term, it may make sense to recognize gains now rather than risk paying tax at a higher rate next year...
Dec 19, 2012
Conner Ash sponsored a business roundtable for trucking executives on December 14, 2012. The roundtable format allows some of St. Louis’ top trucking companies to learn about and discuss current issues that present challenges and opportunities for their businesses.
Dec 12, 2012
Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, and business-related purchases of new vehicles may be eligible for bonus depreciation. But Sec. 179 expensing limits are scheduled to go down in 2013, and bonus depreciation is scheduled to disappear. So you might benefit from purchasing business vehicles before year end.
Dec 12, 2012
Howard Rosen, CPA, JD, AEP, and Managing Partner of Conner Ash P.C., was featured in the December issue of Small Business Monthly and offered recommendations for Fiscal Cliff Planning.
Dec 04, 2012
The 2012 gift tax annual exclusion allows you to give up to $13,000 per recipient tax-free without using up any of your lifetime gift tax exemption. If you and your spouse "split" the gift, you can give $26,000 per recipient. The exclusion is scheduled to increase to $14,000 ($28,000 for split gifts) in 2013.
Nov 27, 2012
If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger contributions than you could make as an employee. Plus, if you set up one of the following plans by Dec. 31, 2012, you can make deductible 2012 contributions until the 2013 due date of your tax return.
Nov 21, 2012
Publicly traded stock and other securities you've held more than one year are long-term capital gains property, which can make one of the best charitable gifts. Why? Because you can deduct the current fair market value and avoid the capital gains tax you'd pay if you sold the property.
Nov 14, 2012
By projecting your business’s income for this year and next you can determine how to time income and deductions to your advantage. Typically, it’s better to defer tax. You can do so by...
Nov 07, 2012
President Obama has been reelected, the Senate will remain in the hands of the Democrats (but without a filibuster-proof supermajority) and the House will continue to be controlled by the Republicans. In other words, the political makeup of Washington will be about the same in 2013 as it is now. As a result, it’s still very uncertain what will happen with tax law changes.
Oct 30, 2012
In recent years, restricted stock has become a popular form of incentive compensation for executives and other key employees. If you're awarded restricted stock -- stock that's granted subject to a substantial risk of forfeiture -- it's important to understand the tax implications.
Oct 24, 2012
The long-term capital gains rate is currently 0% for gain that would be taxed at 10% or 15% based on the taxpayer's ordinary-income rate. But the 0% rate is scheduled to expire after 2012. To lock it in, you may want to transfer appreciated assets to adult children or grandchildren in one of these tax brackets in time for them to sell the assets by year end.
Oct 17, 2012
If you have a traditional IRA, you might benefit from converting all or a portion of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages: Roth IRAs don't require you to take distributions during your life, so you can let the entire balance grow tax-free over your lifetime for the benefit of your heirs.
Oct 11, 2012
Many businesses may benefit from purchasing assets by Dec. 31 to take advantage of depreciation-related deductions that are scheduled to either disappear or become less favorable in 2013.
Oct 04, 2012
Income tax generally applies to all forms of income, including cancellation-of-debt (COD) income. Think of it this way: If a creditor forgives a debt, you avoid the expense of making the payments, which increases your net income.
Sep 26, 2012
After being in session for only two weeks in September, Congress has now adjourned until after the November 6 elections — without reducing any tax law uncertainty. The "lame duck" session is the next possibility for legislative activity. The Senate will return for the week of Nov. 15, break for the week of Thanksgiving and return again on Nov. 29 for a period of time yet to be determined. The House's schedule likely will be similar.
Jul 31, 2012
Now that the U.S. Supreme Court has upheld the Patient Protection and Affordable Care Act of 2010, businesses need to start preparing for provisions that will go into effect in 2013 (unless Congress repeals them). One such provision is a new limit on employee contributions to health care Flexible Spending Accounts (FSAs).
Jun 29, 2012
Conner Ash was nominated and selected as one of Small Business Monthly's (SBM) Top 20 Small Businesses in the St. Louis Region.
Mar 06, 2012
Courtesy of www.truckersreport.com. See the attached graphic for more information.
Feb 17, 2012
Advances in technology and decreases in tax receipts to the federal and state governments have resulted in the Internal Revenue Service ("IRS") and states' departments of revenue increasing the number of audits or examinations to ensure that transactions, whether for income tax or sales & use taxes, are being properly reported and that the proper amount of tax is being remitted.
Oct 17, 2011
Controlling Health Insurance Costs
Apr 08, 2010
Conner Ash Partners, Howard Rosen and Brian Hantsbarger and Tax Manager, Gary Dreher hosted a presentation on Roth conversions for The Professional Advisory Counsel at Enterprise Trust Company.