CPA firm Doeren Mayhew has moved up from the 61st to the 58th spot on Accounting Today’s top 100 list of accounting, tax and business consulting firms in the United States.
Rankings for the 2015 list were based on the annual revenue of the nation’s leading firms. Also recognized as a “pacesetter for growth” as one of the nation’s fastest growing firms, Doeren Mayhew has grown nearly 15 percent in revenue to m... more
The IRS has announced that, for 2014, it will allow qualifying small businesses to account for tangible property on a go-forward basis for that year and without filing Form 3115. Essentially, the new rule makes it easier for small businesses to adopt the new tangible property regulations made effective for 2014.
Tangible Property Regulations Background
In 2013, the IRS issued long-awaited and wide-ranging final regulati... more
With the U.S. unemployment rate falling to a low of 5.7 percent in January, the economic forecast through 2015 remains optimistic, even though the energy sector is experiencing some difficulty due to the falling price of oil. Although some business owners are uncertain about the economy, many have decided to bring new staff on board to take advantage of the economic upswing. The talent pool is unusually rich in some areas... more
Doeren Mayhew’s Catherine Bruder, Practice Leader of the firm’s Information Technology and Assurance Group, talks cybersecurity with the Journal of Accountancy. Tune into the short videos to learn more about how to mitigate cloud data risks and avoid common problems with technology controls.
For more information on how you can avoid risks and protect your organization's data, contact our team of i... more
Are you a start-up manufacturer trying to accelerate your growth? Look no further than Automation Alley’s 7Cs program. Partnering with m aimed at providing advanced manufacturing entrepreneurs with the resources they need to achieve accelerated commercialization for their products, service or technology.
The customized seven step process provides everything from intense coaching on developing a strong business mo... more
You probably know that miles driven for business purposes can be deductible. But did you know that you might also be able to deduct miles driven for other purposes? The rates vary depending on the purpose and the year:
The rules surrounding the va... more
Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and alternative minimum tax purposes. But special rules apply that can make the deduction less beneficial than you might think.
Your investment interest deduction is limited to your net investment income, which, for the purposes of this deduction, g... more
If you don’t meet IRS substantiation requirements, your charitable deductions could be denied. To comply, generally you must obtain a contemporaneous written acknowledgment from the charity stating the amount of the donation, whether you received any goods or services in consideration for the donation and the value of any such goods or services.
If you haven’t yet received substantiation for all of your 2014 donati... more
The United States Department of Labor is hosting a complimentary three-part webcast series, Getting It Right – Know Your Fiduciary Responsibilities, aimed at increasing the awareness and understanding of fiduciary responsibilities linked to operating a retirement or health benefit plan.
The webcast series beginning this week will not only help you understand your basic fiduciary responsibilities, but also provide way... more
by Bill Leary, CPA, Director at Doeren Mayhew
On Feb. 7, The New York Times published the first of five installments on foreign ownership of U.S. real estate, attempting to pierce the secrecy of more than 200 shell companies owning condos at the Time Warner Center (TWC), an iconic building alongside Central Park. Of the 192 condos at the TWC, nearly two-thirds are owned through shell companies.
The series will l... more