Partner Meaghan Reynolds Featured in 20 People to Know in Accounting 2021
Partner Meaghan Reynolds Featured in 20 People to Know in Accounting 2021 Congratulations to Partner...
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Financial Fraud: Early Occurrences
Financial Fraud: Early Occurrences Jennifer French CPA, CGMA, Principal In working closely with a va...
Monthly Economic Update
Monthly Economic Update Ryan Antepenko, AIF Financial Advisor Strothman Wealth Care In this month’...
Tax Professionals Can Now Submit Form 2848/8821’s to IRS Online
Tax Professionals Can Now Submit Form 2848/8821’s to IRS Online Dustin Wells EA, Tax Specialist Pe...
The Real President Biden Tax Plan
The Real President Biden Tax Plan Dustin Wells EA, Tax Specialist It is now clear President Biden an...
IT Corner: Cybersecurity
IT Corner: Cybersecurity John Clark, Advanced Business Solutions Cybersecurity is a never-ending bat...
Business Process Management Systems Provide Variety of Benefits to Owners
All businesses have one thing in common, and that is processes. Business processes – whether direc...
While Many Suffer Financially, Some Manage to Profit off Pandemic
The Federal Reserve recently reported that the 50 richest people in the United States increased thei...
How Will Single Party Governing Impact the Markets in 2021?
About four in 10 Americans (41 percent) look positively toward single-party control at the national ...
How to Budget During a Pandemic
Right now with everything that’s going on, navigating your finances might feel overwhelming. Howev...
Stimulus Package Provides Relief for Small Business
Neil Zinser CPA, Tax Partner On Monday December 21, 2020, the House and Senate approved the Consolid...
Top Three Financial Resolutions for the New Year
I’d like to take a moment to wish you a happy, healthy, and prosperous New Year! As we look to th...
IRS Audit Notice: What do I do?
Dustin Wells EA, Tax Specialist First, if you ever receive an IRS letter in any form you should cont...
Biden’s Tax Plan: A Closer Look
Matt Hagan, Staff Accountant 2021. The year we’ve all been waiting for… well, at least for the p...
What to Know About Filing for Bankruptcy
About one million Americans file for personal bankruptcy each year, with one in 10 households having...
COVID-19 Vaccination Considerations for Employers
Looking at a 2009 letter from the U.S. Department of Labor, Occupational Safety and Health Administr...
How Will the Biden Administration’s China Policy Impact Markets?
The Obama and Trump administrations couldn’t have had a more different approach when it came to U....
Paying the Price for Vice: The Evolving Landscape of Excise Taxes in America
While excise or vice taxes have long been a part of the American tax landscape related to alcohol an...
Deciding if a Roth IRA Conversion is for You
Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment incom...
Standalone 5G Networks: Potential Vulnerabilities that Could Result in Denial of Service for Customers
5G networks promise high speeds, lower latency and more robust security compared to their predecesso...
Looking Ahead to 2021: Hope is Not Canceled
Despite the fresh start that a new year promises, our world hasn’t changed much since last March. ...
Tax Alert – Expenses Paid with PPP Loan are Now Deductible
Late Monday night, the House and Senate voted in favor of the Consolidated Appropriations Act, 2021 ...
Strothman and Company Names CPA Chantelle Engle Partner
Strothman and Company is pleased to announce that CPA Chantelle Engle has been promoted to Partner. ...
Strothman and Company to Merge with Charles W. Ward III, CPA
December 18, 2020. Strothman and Company of Louisville, Kentucky is pleased to announce our me...
PPP Loans: IRS Continues to Ignore Congress’ Intentions
Neil Zinser, Partner To help stimulate the economy and provide financial assistance to individuals a...
The Impact of the Families First Coronavirus Response Act (“FFCRA”)
Samuel Haynes, Advanced Staff Accountant As our country braces for a challenging winter, the impact ...
Possible Shake-Ups in Real Estate
Kent von Nostitz, Advanced Staff Accountant The world of real estate will always have its ups and do...
Every Taxpayer Has a Right to IRS Representation
Dustin Wells, Tax Specialist The IRS has grouped all Taxpayer rights under the law into the Taxpayer...
Student Loan Debt-Forgiveness Will Lead to More National Debt, Inflation
Dustin Wells, Tax Specialist Do you remember the American housing market crash in 2008? Or the Ameri...
Amazon: The New Mall
Dustin Wells, Tax Specialist The new Amazon shopping experience is coming and it’s transformin...
Last Minute Financial Moves for Year’s End
There are certain year-end financial transactions that must clear by Dec. 31 to be reported on the 2...
2021 Social Security Tax and Benefit Increases Announced
The Social Security Administration recently announced 2021 increases to both benefits and the t...
How Will the Biden Administration Influence the Federal Reserve?
With the nation on the precipice of a transition of administrations on Jan. 20, 2021, there will nee...
Predictions for a Post-COVID Working World
Economists are predicting that 58 percent of unemployed workers who were laid off as a result of COV...
How Businesses Can Adapt, Grow During COVID-19
In order to survive – and even thrive – during these unprecedented times, small businesses have ...
COVID-19 Vaccine Rollout: Where We Are So Far
While the pandemic is not over, we do have some good news. There are vaccines and they will be avail...
Will StarLink be the Next Disruption to the Telecommunication Industry?
With every new project comes expectations, uncertainties, questions, opposition and more. Elon Musk...
Strothman and Company Named a Finalist for the 2020 Inc.credible Awards
Strothman and Company is proud to announce that our Firm has been named a finalist for the 2020 Grea...
How Presidential Elections Affect the Stock Market
Ryan Antepenko, Strothman Wealth Care AIF Financial Advisor Trying to predict the markets over the s...
PPP Loan Forgiveness Application
Rene Valadez, Senior Manager The Paycheck Protection Program is a loan designed to provide a direct ...
Our Top 6 Year-End Tax Planning Tips
This has been a year of economic and tax uncertainty with the impact of the COVID-19 pandemic, poten...
How Would a Second Stimulus Check Impact Markets?
The $1,200 stimulus check sent out to individuals had mixed impacts on our economy, based on academi...
How to Effectively Onboard and Train Employees Virtually
With COVID-19 still requiring remote working, companies that effectively onboard new workers retain ...
Exploring Brain Computer Interface: Tech That Connects to Your Brain
Imagine using your mind to control machines, or your employer reading how you feel in real-time from...
Why Gratitude is Important During a Pandemic
We’re living in unprecedented, challenging times. If you’re feeling stressed and scared, you’r...
A Realistic Picture: Will You Be Able to Afford In-Home Elder Care?
By the end of September, the nation had recorded over a quarter-million cases of COVID-19 and nearly...
Are We at The Crossroads- What Will Be the First Domino?
Matthew Saltzman, Partner and Director of Strategic Advisory Services As we close the books on the t...
Are You On Track to Reach Your Financial Goals?
Ryan Antepenko, Strothman Wealth Care AIF Financial Advisor October is National Financial Planning M...
The Wealth Tax ‐ Part 4: Implications
Dustin Wells, Tax Manager Now that we have a better understanding of the wealth tax and its general ...
Residential Real Estate Market Remains Stable Amidst Pandemic Crisis
Rob Clements, Staff Accountant Since March of this year, the U.S. economy and all industries therein...
What’s Next for a Stimulus Bill?
The Senate Republicans slimmed-down stimulus bill recently failed to materialize after receiving les...
The New Normal of Working from Home
With COVID, there’s a good chance that you are working from home. For example, in May the Dallas F...
Long-Term Financial Impact of COVID-19
As bad as the economy is right now due to the COVID outbreak in the United States, many economists a...
Plan for Business Continuity if Second Wave of COVID Hits
With winter around the corner and the threat of seasonal viruses looming, a second wave of COVID-19 ...
The Importance of an SSL Certificate and Best Practices
What is an SSL Certificate? An SSL (“Secure Sockets Layer”) certificate used is to encry...
Avoid Wasting Money on Digital Marketing with These Tips
In a previous article titled “How to Make the Most of Digital Marketing,” we examined how digita...
How to Make the Most of Digital Marketing
Digital marketing is not a new phenomenon. However, new realities imposed by the COVID-19 pandemic h...
Strothman and Company recognized as one of the fastest-growing local businesses in 2020 by Louisville Business First
Strothman and Company has made the 2020 Louisville Business First Fast 50 list! This list honors the...
Construction Project Updates
Meaghan Reynolds, Partner I noticed a construction news headline recently that mentioned that money ...
Think the Department of Labor Won’t Conduct a Review of Your Benefit Plan During the Coronavirus Pandemic? Think Again
Jennifer French, Principal During the coronavirus pandemic (“COVID-19”) that has consume...
The Wealth Tax ‐ Part 3
Dustin Wells, Tax Manager Simply put, as we’ve outlined, a wealth tax is an additional percent...
Strategies Companies Can Implement to Recover Faster
Small businesses nationwide were already facing cash problems before the COVID-19 pandemic, accordin...
Tips for Retiring in the Next 10 Years
The stock market continues to perform with relative resilience, despite the current economic decline...
Five Ways to Manage Back-to-School Stress
If you’re anxious about sending your children back to school, you’re not alone. A recent...
IRS takes a stance on DraftKings, FanDuel
Dustin Wells, Tax Manager The IRS issued a new memo Friday, 7/23 outlining federal excise taxes appl...
ActionCoach Virtual Marketing Seminar: Are you Connecting with Your Target Customer?
Join ActionCoach Louisville this Thursday, 9/3, at noon EST for a virtual seminar with professional ...
Assess and Adapt: 5 Tips for Increasing Efficiency in Professional Services Firms
Quinn Hart, CPA, Tax Partner It is no secret that many businesses are struggling during these challe...
The Wealth Tax ‐ Part 2
Dustin Wells, CPA, Tax Specialist This is Part 2 of Dustin’s analysis of the Wealth Tax. Read ...
How to Develop an Employee Leave Policy During COVID-19
According to the United States Department of Labor’s Wage and Hour Division, the Families Firs...
Borrowing From Your Retirement Plan: New CARES Act Rules
It’s been nearly half a year since Americans first became widely aware of the coronavirus contagio...
Help for People Struggling to Pay Bills
The impact of COVID-19 has caused many Americans to suffer hardships, one of which is struggling to ...
R&D Tax Credits May Be Part of the Next Tax Relief Bill
As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Con...
Robotics Carves Out Niche in Various Businesses
Away from the movies, robots are becoming a reality in everyday life. Robots have played a major rol...
How Will the Market Price in Q2 Earnings?
The New York Fed Staff Nowcast predicts a negative 14.3 percent (-14.3 percent) growth of real GDP f...
IRS Gears Up for Aggressive Enforcement
Recently, the IRS Commissioner testified before the Senate Finance Committee, sending the message th...
Live Video Webinar – Challenging Times: Choosing the Right Family Business Advisors
Family businesses by their nature are run by owners that wear many hats and oftentimes “grew up”...
Strothman Strategic Advisory Services: State of Deal Flow and Transaction Market
As we begin to come out of the shutdown there is much interest and uncertainty in the market. Join M...
Will This Ever End? – Thoughts on Figuring out the New Normal
Matthew Saltzman, Partner & Director, Strategic Advisory Services As we live through the pandemi...
Older Adults and COVID-19
Joyce Smith, Partner Joyce Smith, CPA, is a member of the Professional Services Team, as well as the...
The Wealth Tax – Part 1
Dustin Wells, Tax Specialist A wealth tax in summary is a tax on (your) assets. A wealth tax i...
ActionCoach Quarterly GrowthCLUB Business Coaching (Strategic Partner of Strothman+Co)
Develop a clear picture of where your business will be in 90 days’ time, and a step-by-step Growth...
How Businesses Can Help Protect Themselves Against Civil Unrest
If the COVID-19 pandemic isn’t a big enough strain on businesses trying to engage in commerce,...
Hiring in the Age of Coronavirus
The U.S. job market gained 2.5 million jobs during the month of May, dropping the unemployment rate ...
Best Part-Time Jobs During Corona
Even though unemployment is still relatively high, there are still some great part-time jobs you can...
Fileless Malware Poses New Threat to Computer Users
With increased cyber threats, there is great awareness of malware that comes attached in files. ...
How Likely Would a Second Coronavirus Wave Negatively Impact the Stock Market?
As Johns Hopkins University of Medicine’s Coronavirus Resource Center revealed a recent increa...
How To Use Qualified Charitable Distributions For Charitable Giving
Each year, millions of Americans make donations to charitable organizations and receive something in...
Congress at Work: Helping Small Business Owners, Seniors, and U.S. Hostages, and Limiting Intrusive Domestic Surveillance
Paycheck Protection Program Flexibility Act of 2020 (HR 7010) – Rep. Dean Phillips (D-MN) introduc...
The State of Banking and the Economy
As we begin to come out of the shutdown there is much interest and uncertainty in the market. Join M...
AICPA issues guidance on accounting for forgivable PPP loans
https://www.journalofaccountancy.com/news/2020/jun/forgivable-ppp-loans-aicpa-accounting-guidance.ht...
H.R. 7010 Paycheck Protection Program Flexibility Act of 2020
Neil Zinser, Tax Partner On June 5th, 2020, the President signed the Paycheck Protection Program Fle...
Navigating the Financial Corona Storm – PPP is Gone What Now?
Matthew Saltzman, Partner and Director, Strategic Advisory Services Last month we discussed the impa...
GASB Statement No. 95 – An Unprecedented Standard in Unprecedented Times
Jennifer French, Principal, Assurance Services During these unprecedented times in light of the COVI...
How Health Care Leaders Are Surviving the Pandemic
Interviews and Article by Samuel Haynes, Tax Accountant The Covid-19 Pandemic is something that our ...
SCOTUS & The Anti Injunction Case
Dustin Wells, Tax Specialist Do you not want to pay taxes? Does anyone? Not really. ...
How to Stay Productive When Working from Home
Due to the unprecedented effects of COVID-19, the line between our professional and personal lives h...
How IT Spending Will Change When Business Resumes
Most states are starting to relax stay-at-home restrictions. As such, businesses are developing plan...
Are Dividends Becoming a Luxury During the Coronavirus Pandemic?
According to the futures market, Chicago Mercantile Exchange contracts are forecasting a drop of 27 ...
IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions
The CARES Act stimulus package substantially relaxed the rules around certain retirement account loa...
Congress at Work: In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History
The Congress at Work series of articles is designed to give you a glimpse of various types of legisl...
Business Loan Program Temporary Changes; Paycheck Protection Program Requirements – Loan Forgiveness
https://home.treasury.gov/system/files/136/PPP-IFR-Loan-Forgiveness.pdf...
What’s in the Latest $484 Billion Stimulus Bill?
What’s in the Latest $484 Billion Stimulus Bill? Congress recently passed another round of stimulu...
Business Loan Program Temporary Changes; Paycheck Protection Program—Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
https://www.govinfo.gov/content/pkg/FR-2020-04-20/pdf/2020-08257.pdf...
What to know if your small business is applying for Round 2 PPP loans from the SBA
https://fortune.com/2020/04/23/ppp-sba-paycheck-protection-program-loans-applying-round-2-what-to-kn...
ASB delays effective dates of SASs No. 134–140
https://www.journalofaccountancy.com/news/2020/apr/aicpa-asb-delays-effective-dates-sas-134-140-amid...
Construction tops industries in PPP stimulus loan funds, but still needs additional funding
https://www.constructiondive.com/news/construction-tops-industries-in-ppp-stimulus-loan-funds-but-st...
April 2020 Strothman and Company Financial News and Views
https://myemail.constantcontact.com/April-2020-Newsletter—Strothman-and-Company.html?soid=1121...
The SBA Payroll Program is Out of Money
We knew it would happen – just not this soon. The SBA Payroll Protection Program is out of m...
How the Federal CARES Act Will Affect the Real Estate Industry
By: Caroline Kaye CPA, Supervisor – With the passage of the Coronavirus Aid, Relief, and Econo...
While You’re Dealing with the COVID-19 Pandemic, Who is Watching Your Books?
By: Jennifer French CPA CGMA, Principal – With the COVID-19 pandemic, we are experiencing unpr...
FASB Staff Clarifies Lease Modifications, Other Pandemic Accounting Issues
https://www.journalofaccountancy.com/news/2020/apr/fasb-clarifies-lease-modifications-other-coronavi...
FASB Effective Date Delay Proposals to Include Private Company Lease Accounting
https://www.journalofaccountancy.com/news/2020/apr/fasb-proposes-effective-date-delays-revenue-recog...
Paycheck Protection Program Loans – FAQs
https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf...
The Dow Soars as Coronavirus Slows: April 6, 2020
https://www.cnn.com/business/live-news/dow-stock-market-today-040620/index.html...
Strothman and Company Launches COVID-19 Loan/Grant Service Desk
Strothman and Co. continues to monitor and assess new developments pertaining to the COVID-19 (Coron...
COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs
https://www.irs.gov/newsroom/covid-19-related-tax-credits-for-required-paid-leave-provided-by-small-...
CARES Act Drastically Changes Required Minimum Distribution Rules for 2020
https://www.forbes.com/sites/jamiehopkins/2020/03/30/cares-act-drastically-changes-required-minimum-...
KY Governor Signs Bill Delaying Interest on Taxes Due
https://apps.legislature.ky.gov/recorddocuments/bill/20RS/sb150/bill.pdf Kentucky had previously all...
Coronavirus Emergency Loans – Small Business Guide and Checklist
https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf...
Congress Reaches Agreement on a Coronavirus Relief Package: Tax Aspects of the CARES Act
https://www.forbes.com/sites/anthonynitti/2020/03/25/congress-reaches-agreement-on-a-coronavirus-rel...
H.R.748 – CARES Act
https://www.steptoe.com/images/content/2/0/v4/200070/CARES-ACT-FINAL-TEXT.pdf...
Extensions on Tax and Fee Deadlines by Jurisdiction
https://www.kycpa.org/news/articles/79:extensions-on-tax-and-fee-deadlines-by-jurisdiction...
COVID-19 Update: First Glance at the Stimulus Bill
https://www.iedconline.org/clientuploads/Emails/IEDC_Stimulus_Update.pdf?utm_medium=email&utm_ca...
Senate Stimulus Bill S.3548
https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf...
