cartoon image of people looking at a clock and money for retirement

SECURE Act – New Retirement Plan Laws

If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, 2019, made these four changes. The maximum age for making traditional IRA contributions is repealed. […]

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Brian Hollingsworth, CPA | Audit Manager | Dalby Wendland & Co. | CPAs & Business Advisors | Grand Junction CO | Glenwood Springs CO | Montrose CO

DWC CPAs Earn Exclusive Employee Benefit Plan Audit Expert Credentials

Dalby, Wendland & Co., P.C., is pleased to announce local CPAs Brian J. Hollingsworth and Kelsa D. Tinsley have attained certifications in Employee Benefit Plans Audit (EBP) from the Association of International Certified Professional Accountants. Brian obtained the Intermediate Employee Benefit Plans Audit Certificate and Kelsa obtained the Advanced Employee Benefit Plans Audit Certificate. The […]

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business man checking receipts and invoices

FAQs of Prepaid Expenses

The concept of “matching” is one of the basic principles of accrual-basis accounting. It requires companies to match expenses (efforts) with revenues (accomplishments) whenever it’s reasonable or practical to do so. This concept applies when companies make advance payments for expenses that will benefit more than one accounting period. Here are some questions small business […]

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2020 Standard Mileage Rates

Standard Mileage Rates for 2020

The IRS announced the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for […]

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father giving gift to son

Estates: IRS Confirms Large Gifts Now Won’t Hurt Post 2025

The IRS has issued final regulations that should provide comfort to taxpayers interested in making large gifts under the current gift and estate tax regime. The final regs generally adopt, with some revisions, proposed regs that the IRS released in November 2018. Providing clarification The Tax Cuts and Jobs Act (TCJA) temporarily doubled the gift […]

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Paige Curtiss, CPA

DWC’s Paige Curtiss Attains CPA Designation

Dalby, Wendland & Co., P.C., is pleased to announce Paige A. Curtiss recently attained the Certified Public Accountant (CPA) designation after passing the Uniform Certified Public Accountant Examination, which is set by the American Institute of Certified Public Accountants. The Uniform CPA Examination protects the public interest by helping to ensure that only qualified individuals […]

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scales of justice and words update on tax law changes

Tax Law Changes – Further Consolidated Appropriations Act

Highlights of the Further Consolidated Appropriations Act, 2020 The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire at the end of 2019. The agreement on the spending package also […]

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