Rebecca R Schmidt, CPA, EA
July 30, 2019
In 2018 the US Supreme Court in South Dakota v. Wayfair overturned the established physical presence rules for businesses to determine if they needed to register, collect and pay sales tax in an individual state. If your business has a website and engages in internet based out-of-state sales, you could be exposed to new laws passed by over 35 states requiring you to register, collect, and pay...
Rebecca R. Schmidt, CPA EA
January 19, 2019
Our office is gearing up for Tax Season 2019. The 2018 Tax Organizers will be published by the end of January 2019 so keep an eye out for them.
This tax season brings with it a lot of new changes to both tax laws and how your individual income tax return will look. Some are welcome changes and others will prove to be more challenging, but we have spent countless hours on...
January 10, 2018
Click "Read More..." below to see the full comparison between 2017 and 2018 rules for business meals and entertainment expenses.
December 19, 2017
There are many unprecedented changes happening in the proposed tax code rewrite. Reducing tax rates, increasing income thresholds, increasing the standard deduction, and elimination of other routine breaks. We are committed to keeping you informed and assuring accurate tax preparation, strategic tax planning, and navigating safely within the current laws.
Things to consider...
July 19, 2017
Virginia Department of Taxation has a new requirement that applies to certain taxpayers who pay quarterly tax estimates.
May 12, 2017
Don’t be alarmed if you get a request from the IRS or the state asking you to send copies of your W2s or 1099 forms.
Expected release date for 2016 Tax Organizers is around January 23rd.
November 13, 2016
A well utilized tax loophole is on the chopping block with bipartisan support and could be closing soon.
September 28, 2016
New Department of Labor overtime rules for employees take effect December 1, 2016... are you prepared?
If you own a business and have employees earning annual wages of less than $47,476 then you need to be aware of the new overtime rules taking effect on December 1, 2016. The Department of Labor...
June 10, 2016
With taxpayer ID theft on the rise, you need to know how to protect yourself and to be prepared if it happens to you.
The IRS has been focusing on identity theft (ID) schemes that are aimed at stealing taxpayers’ refunds. When this type of fraud occurs it creates delays in taxpayers’ getting refunds and requires...
December 2, 2015
The cost of an employee’s health insurance provided through his/her spouse’s employer-sponsored group health plan can be reimbursed by the employer and is excludable from the employee’s income as long as the spouse paid for all or part of the coverage on an after-tax basis and not through salary reduction under a Code Section 125 Cafeteria...
September 22, 2015
dagi is happy to announce that Shelly Ridgeway is the new Accounting Department Manager and Alan Cooke is her new Assistant. We are thrilled that we have found strong leaders for that department and we are excited to see the department grow and thrive under their leadership. Congratulations to both Shelly and
Rebecca R. Schmidt, CPA
May 13, 2015
Virginia Use Tax Audits are on the rise, especially for dental practices!
The commonwealth of Virginia has found a goldmine in performing Use Tax audits so please be sure to read the 2015 client letter and alert us if use tax filings need to be prepared for your business.
Rebecca R Schmidt, CPA
January 30, 2015
2014 Tax Organizers are now available in your NetClient portal. We have done a serious redesign of the organizer per client requests after last year’s initial launch of our NetClient portal. You can now complete the Tax Organizer 100% online without printing anything. You will still need to sign your Engagement Letter, but a digital signature is acceptable.
Remember that the...
December 30, 2014
Congratulations to our very own Jacob Jaeger on becoming a Partner here at dagi! Bonnie, Keith and I could not be more proud of Jacob's drive and dedication to the dagi team and our clients. Jacob is a wonderful addition to the Partner group and he will help lead dagi into the future. Click here to view...
email@example.com (Rebecca Schmidt)
June 15, 2014
We recently represented two business clients in audits; one an IRS audit and the other a Virginia Use Tax audit. Through the course of the audits, we discovered that neither client had retained receipts for business expenses processed by credit cards. They believed that the expense appearing on the monthly credit card statement was sufficient documentation. It is...
May 31, 2014
The Internal Revenue Service is warning taxpayers to guard against sophisticated and aggressive phone scams. The IRS will always send taxpayers a written notification of any tax due via the U.S. mail. The IRS never asks for credit card, debit card or prepaid card information over the telephone. For more information or to report a scam, go to www.irs.gov and type "scam" in the search...
April 19, 2014
With Tax Season officially behind us we want to thank our clients for being patient with us as we transitioned to a new tax submission and delivery system. Most clients learned to navigate the new system quickly with a little guidance from our team. We hope to enhance the client experience for Tax Season 2015 with additional features and technical support. Remember that...
January 21, 2014
2013 Tax Organizers are being uploaded to our new NetClient portal this week. We will be snail mailing a handful of them this week as well. Watch your Inbox and snail mailbox for delivery. Contact Kerri at our office if you have questions or need assistance. Also be sure to watch our 2013 Tax Organizer how-to video which is below this blog on our...
January 2, 2014
The holidays are over and 2014 is the beginning of a new relationship between dagi and our clients. We are...
December 6, 2013
The holidays are upon us which means Tax Season is right around the corner. The days are getting shorter, but our work days are getting longer in preparation for our busiest time of year. The last thing anyone wants to think about this time of year is taxes, but taxes are our world so we are here to remind you to be sure proper tax planning for 2013 has taken...
September 18, 2013
It's a New Brand Day at Dennis & Associates Group! We are excited to announce the recent launch of our firm’s new brand. We’ve been working very hard to enhance our website, develop helpful new client communications, create premium marketing materials, and give our firm a major facelift. We’ve also continued to research and identify the latest and greatest technologies to improve...