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Construction Loan Initiation and Borrowing Costs: Capitalize or Expense?

Determining the cost basis of new construction is not as straightforward as it seems. In addition to direct costs, indirect costs may also be required

Theory Meets Practice

Prior to being exposed to public accounting and Schneider Downs, the only experience I had to base my decision of a future profession in accounting was

New Law Changes Extended Filing Deadlines for Forms 5500 and 8955-SSA

President Barack Obama signed into law legislation that impacts the due date for Forms 5500 and 8955-SSA for plan years beginning January 1, 2016 or later.

Solar Investment Tax Credit

Despite the lack of sunshine this summer, tax incentives remain for businesses that invest in qualifying solar energy property. The commercial solar investment
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My Path to Schneider Downs

How I ended up at Schneider Downs: Back in high school and in the beginning of my college career, I was always interested in business, but was not entirely

Estate Tax Closing Letters No Longer Automatic

The Internal Revenue Service (the “IRS”) has recently changed its procedures regarding the issuance of closing letters upon the filing of a

Measurement of Inventory - Is FASB Making it Simple?

In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-11, Simplifying the Measurement of Inventory.

Not-for-Profit Reporting Model - Part 5: Investment Return Accounting Changes

The proposed Accounting Standards Update on the Presentation of Financial Statements of Not-for-Profit Entities put forth by the Financial Accounting Standards
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IRS Issues Final Estate Tax Portability Rules

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced a new concept known as “portability” to the

Retirement Planning Techniques May Be Shut Down

A number of President Obama’s recent budget proposals are directed at eliminating certain retirement planning techniques. Congress for many years
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