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Naming Your Trustee

When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer assets for beneficiaries, avoid probate and reduce estate tax exposure. But they can be complicated to set up. One of the major decisions you’ll need to make when establishing a trust is who will act […]

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past due invoice

5 Ways to Manage Your Receivables

Collecting your accounts receivable (AR) in a timely manner can head off  multiple financial issues for your company, including poor cash flow and the inability to pay bills. Here are 5 ways to manage your your receivables for more timely collections: 1. Re-evaluate your invoices. Customers prefer bills that are clear, accurate and easy to […]

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Personal Property Memorandum for Leaving Assets With Sentimental Value

When planning your estate, you’re likely focused on major assets, such as real estate, investments and retirement plans. But it’s also important to “sweat the small stuff” — your tangible personal property. Examples include jewelry, antiques and photographs. These personal items — which often have modest monetary value but significant sentimental value — may be […]

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How Nonfinancial Information Helps Auditors

Every financial transaction your company records generates nonfinancial data that doesn’t have a dollar value assigned to it. Though auditors may spend most of their time analyzing financial records, nonfinancial data can also help them analyze your business from multiple angles. Gathering audit evidence The purpose of an audit is to determine whether your financial […]

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lit up lightbulb with words Section 179

Now is Good Time to Buy Equipment & Other Depreciable Assets

The Section 179 depreciation deduction for business property gives businesses some good news. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And, it was increased and expanded by the Tax Cuts and Jobs Act (TCJA). Even better, […]

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DWC Announces New COO and Firm Promotions

Dalby, Wendland & Co., P.C., congratulates these exemplary professionals on their promotions as they represent our core values of integrity, quality, and community investment, and our core purpose to help our clients, our people, and our communities to be better. Vicki L. Goetter, PAFM, joins DWC as new COO Dalby Wendland is pleased to announce […]

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