August 2019

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Taking distributions from your traditional IRA

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a…

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Expanding Retirement Plan Options for Small Businesses

Clarifying the Rules Existing DOL rules already allow MEPs to exist. And the new rule, which goes into effect on…

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Update on the New Business Interest Expense Limitation

The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. The IRS recently…

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The Clock May Be Ticking on Corporate Stock Redemptions

Favorable individual federal income tax rates established by the Tax Cuts and Jobs Act (TCJA) are scheduled to expire at…

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What to expect during a franchise audit

It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years…

Mitchell Wiggins named One of The Nation’s Largest 400 Accounting Firms

INSIDE Public Accounting Releases Annual Ranking and Performance Metrics of the Nation’s Largest Public Accounting Firms Carmel, Ind. (Aug. 5,…

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FAQs about CAMs

In July, the Public Company Accounting Oversight Board (PCAOB) published two guides to help clarify a new rule that requires…

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Reporting Discontinued Operations

Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset…

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The tax implications of being a winner

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to…

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Giving Our Time to FeedMore

Each weekday, hundreds of people come through the doors of FeedMore to help the community.  Mitchell Wiggins’ caring and compassionate…