The Proactive Solutions Blog

Firm News Blogs

7 things Millennials should not say to supervisors

Most CPAs, no matter their age, have said things they regret, either out of frustration or because they did not mull over their thoughts or articulate them properly. Some people also fall into bad habits, using certain words or phrases that are deemed less than professional. For instance, established leaders sometimes say the wrong thing to Millennials.

Read full post  |  Posted by on 12.12.16

Get to Know Andrew Byers, Staff Accountant

Describe your role at Weber O’Brien: 

I am a member of the accounting and assurance team. I assist with the review of company’s financials and help ensure quality and efficiency for a variety of different clients that include: non-profits, governmental, and small to medium sized businesses.

Read full post  |  Posted by on 12.07.16

Complete These Retirement Plan Steps Before Year-End

December 31 is the last day you can benefit from certain retirement tax breaks. For example, if you haven't put the maximum amount allowed in your 401(k) – $18,000 in 2016 – increasing your contributions can save you money. 

Read full post  |  Posted by James F. Weber on 12.01.16

Weber O’Brien at the International Builders’ Show, January 10-12, 2017

Have you heard? Dave O’Brien and Jim Weber will be presenting at the International Builders' Show, January 10-12, 2017 in Orlando, Florida.  Here is a quick look at their presentations this year:

Read full post  |  Posted by on 11.10.16

Higher Self-Employment Taxes Coming In 2017

Did you know the national average wage index went up? You might have missed the news, but it's likely you will notice one impact: higher self-employment taxes.

How are the two related? The index is used to calculate the social security wage base, which is the amount of income subject to the 12.4% social security portion of the self-employment tax. When the index goes up, the wage base does too, and more of your income is taxed.

Read full post  |  Posted by on 11.10.16

The New Overtime Rules

The New Overtime Rules issued by the Department of Labor regarding the overtime eligibility is still set to go into effect December 1, 2016.

The House introduced and passed legislation, H.R. 6094, which would delay the overtime rules for a six-month period, but it has yet to be heard by the Senate and likely will be delayed until after the election. Therefore, we recommend proceeding with your plan to address this change within your company.

Read full post  |  Posted by on 11.03.16

Get to Know Chris Falls, Tax In-Charge Accountant

Currently my role at Weber O’Brien is a Tax In-Charge staff. My responsibilities include:

  • Preparing corporate and individual tax returns
  • Preparing non-profit tax compliance forms
  • Preparing year-end trial balances
  • Training and Developing staff associates
  • Developing myself through experience and continuing professional education
  • Maintaining client tax compliance by responding to notices and requests by taxing authorities. 

Read full post  |  Posted by on 11.02.16

Get to Know Summer Harris, Staff Accountant

Describe your role at Weber O’Brien: 

I am a member of the accounting and assurance team. I have a variety of roles, but mainly I help review company financials and ensure quality and efficiency for many different industries, which include small to medium sized businesses, non-profit and employee benefit plans.

Read full post  |  Posted by on 10.04.16

Get to Know Mary Johnston, CPA - Director of Tax Services

Describe your role at Weber O’Brien:

I work mainly with business owners, their businesses, and high-income taxpayers.
What do you think is most gratifying about your work?
Working directly with clients is most gratifying, being available to assist as their tax needs expand. In some instances, I am now working with second generation owners, having the pleasure of working with their parents for many years.

Read full post  |  Posted by on 08.11.16

Get Serious About Catching Up

If you're age 50 or older, tax law has a permanent provision that lets you make extra contributions to your retirement plans. These “catch-up” contributions vary depending on the type of retirement plan. For example, if you participate in a SIMPLE, you can make a catch-up contribution of up to $3,000 in 2016, over and above the maximum $12,500 salary reduction contribution. For IRAs, both Roth and traditional, the 2016 catch-up contribution is $1,000.

Read full post  |  Posted by James F. Weber on 08.11.16

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