Author Archive | Sonya Foster

Jeff M. Wilson, CPA, CCIFP | Dalby Wendland & Co. | CPAs & Business Advisors

Jeff M. Wilson, CPA, Earns Certified Construction Industry Financial Professional (CCIFP) Designation

Dalby, Wendland & Co., P.C., is pleased to announce local CPA Jeff M. Wilson has earned the Certified Construction Industry Financial Professional (CCIFP®) designation by the Institute of Certified Construction Industry Financial Professionals (ICCIFP). CCIFP® certification recognizes a focus in the industry and that a financial manager is well-versed in the business of construction. The […]

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Taxes and Selling Mutual Fund Shares

Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved in selling mutual fund shares can be complex. Tax basics If you sell appreciated […]

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Reporting Contingent Liabilities

Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies are unclear when they’re required to report a contingent liability on their financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Here are the basics. What are contingent liabilities? Operating a business comes with a […]

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9 Tax Rules and Considerations When Starting Your Own Business

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. 1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you are eligible to claim the 20% pass-through deduction, subject to limitations. The deduction […]

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