Impact of IRS regulations on state credits for charitable contributions
By Scott Brawdy, CPA
Tax Manager and SALT Practice Leader
Proposed regulations issued by the IRS are putting a halt to states’ plans to offer state-sponsored charitable contribution programs to circumvent the $10,000 state and local tax deduction cap for individuals made in the Tax Cuts and Jobs Act (TCJA). The...
Building an effective Quality Assessment and Improvement Program (QAIP)
By David Walsh, III, CIA®, CPA, CFE, CGMA
Quality Assessment Services Specialist
Your quality assessment review (QAR) may only come along once every few years, but it’s what you do in the meantime that makes the biggest impact. Take the Quality Assessment and Improvement Program (QAIP), for example: This is...
List of states adopting new economic nexus standards grows in light of SD v. Wayfair
By Scott Brawdy, CPA
Tax Manager and SALT Practice LeaderThe SCOTUS’s ruling on South Dakota v. Wayfair continues to make waves across the country as states adopt their own economic nexus standard in light of this ruling. With over half of all U.S. states having passed legislation, trends are showing...
Honkamp Krueger & Co., P.C. (HK) is a Top 100 CPA and business consulting firm in the U.S. and the largest Iowa-based CPA firm (Accounting Today, 2018). Serving client organizations in all 50 states and thousands of U.S. cities, we are one of the nation’s largest and most respected professional service firms.
Our clients number in the thousands and range from privately-held organizations, Fortune 500 multi-nationals, franchisor organizations across all industry sectors, individuals and nonprofits.
HK adds value for our clients by providing forward-thinking, effective and timely services and solutions. Our promise of first-class customer service and client loyalty is demonstrated through our renowned 11-point customer service program and the award-winning HK Client Patronage Program App for Apple® and Android™.
In addition to our CPA firm, the HK Family of Companies includes HK Financial Services, HKP–Your Workforce Solution, Kabel Business Services and the HK Alliance.
The Social Security Administration (SSA) has released the updated wage base for 2019 raising to $132,900. The release came on Oct. 11, 2018, and increases the wage base by $4,500 from the 2018 threshold of $128,400.
The SSA announced on Oct. 11 that the 2019 cost-of-living-adjustment will be 2.8 percent, the highest annual raise in 7 years. More than 62 million retirees plus another 8 million Supplemental Security Income (disabled workers) beneficiaries