Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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“”Bunching”” Medical Expenses – A Tax-Smart Strategy
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed…
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Ready for the new not-for-profit accounting standard?
A new accounting standard goes into effect starting in 2018 for churches, charities and other not-for-profit entities. Here’s a summary of the major changes.…
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Investors: Beware of the Wash Sale Rule
A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So…
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Charles Federanich at 2017 Cleveland Accounting Show
Pease & Associates Director of Tax, Charles Federanich, will present at the 2017 Cleveland Accounting Show at the I-X Center later this month. Chuck…
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How Effectively do you Manage Risk?
Businesses can’t eliminate risk, but they can manage it to maximize the entity’s economic return. A new framework aims to help business owners and…
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Why You Should Boost Your 401(k) Contribution
One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a…
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Hedging Strategies for Your Business
The Financial Accounting Standards Board (FASB) recently issued some targeted improvements to its guidance that could encourage more companies to engage in hedging arrangements…
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Save More for College with a 529 Savings Plan
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially…
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Watch Out for Potential Tax Pitfalls of Donating Real Estate to Charity
Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering…