The Proactive Solutions Blog

WHATS IT COST – January 2017

Five years of steady expansion for the construction industry have yielded a labor market and supply and demand for building products that are pushing inflation higher. That’s the conclusion that can be drawn by the recent months’ readings on producer prices and completed costs of construction.

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In a survey conducted by the NAHB in 2015, 70% of recent and prospective home buyers preferred a completely or partially open kitchen-family room, with 32% preferring a completely open arrangement. In 2016, when a similar question was asked on the NAHB/Wells Fargo Housing Market Index survey, 84% of builders said that, in their new single-family homes, their kitchen-family room is completely or partially open, with 54% saying their arrangements are completely open.

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Back How to Make the Right Impression at Meetings

Uh-oh. A last-minute meeting popped up on your calendar for tomorrow—and some of your organization’s head honchos will be across the table.

What will you do? What if someone asks a question you aren’t prepared to answer? Can you check your phone if things drag out? What if nature calls?

“I think you learn from experience,” said Eduardo Morales, CPA, a senior associate with Marcum LLP in Roseland, N.J. “Early in my career I was working as an executive administrative assistant, and I was sitting down in meetings with directors and senior VPs. I just tried to absorb as much as I could.”

Here are other CPAs’ best tips on how to comport yourself at a meeting, along with some advice from an expert in business etiquette:

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Keep Up With Wage Laws

While the new federal overtime rules that were scheduled to take effect in 2016 have been put on hold, perhaps permanently, other wage laws are still around, including those that establish minimum pay levels.

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How to Become an Extreme Saver in 2017

This year, it's going to be different. At the end of 2017, you really will have some money stashed away for your emergency fund, your retirement, your kid's college education and that elusive worldwide vacation.

But to do that, you're going to need to be an extreme saver. And if you're really going to pull it off this time, you need to act fast and start some new habits. Because as January continues to unfold, you risk forgetting about your vow to save money. You'll be too distracted by the car tire that went flat. You'll be thinking about your kid's D in math. You'll be consumed by what's on the news or whatever those Real Housewives are doing on TV.

Seriously, if you're going to really do this, here's what everyone in the know says you need to do. Now.

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Get to Know Emily Fischbach, Staff Tax Accountant

Describe your role at Weber O’Brien: 

My current role at Weber O’Brien is a Staff Tax Accountant in the BCG department. I prepare corporate and any accompanying state and local tax returns, prepare year-end trial balances, and assist in the year-end tax planning process.

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Update Your Mileage Rate Reimbursements For 2017

If you intend to use your vehicle for business, charitable activities, medical appointments, or moving during 2017, be aware that the optional standard mileage rates for computing the deductible costs have changed.

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Do You Need To Revise Your Final Estimated Payment?

The last installment of your 2016 estimated federal income tax is due January 17, 2017.

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Year-End Is Fast Approaching

Consider these planning ideas:

Sell stocks currently held at a loss. You can write off the first $3,000 of those losses as an ordinary loss and the excess capital loss can be used to offset capital gain.

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Happy Holidays From Weber O’Brien!

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