On August 18, 2016, the Financial Accounting Standards Board (FASB) issued new rules affecting Not-For-Profit Entities. The new regulations are included in Accounting Standards Update (ASU) No. 2016-14, Not-For-Profit Entities (Topic 958): Presentation of Financial Statements of Not-For-Profit Entities. The new standard changes how not-for-profit entities classify their net assets. Net assets will be grouped … Read more
The government has signaled for months that new regulations were coming that would eliminate valuation discounts on intra-family transfers of minority interests in family controlled entities such as Family Limited Partnerships. If you are considering gifting business interests to family members in order to save on estate taxes we need to accelerate the transfers before … Read more
You know that moment when you show up to work and see someone wearing the same outfit as you?! Do you run and hide in your office the rest or the day or do you compliment the other person on their impeccable taste in clothing? Our CPAs rocked their ADKF green button downs with class, … Read more
Last night some ADKF elves snuck into Prakashs office to decorate and surprise him with a room full of diapers and wipes (and a UTSA onsie of course, Go Roadrunners!) Prakash and his wife are expecting their first baby, a boy, later this Spring. Congratulations to them both! And a big thank you to our … Read more
2015 Omnibus Budget / Protecting Americans from Tax Hikes Act of 2015 Bill Note: 2015 Income tax rates are unaffected Personal Permanently extended Election to include State and Local General Sales Taxes as an itemized deduction, in lieu of deducting state and local income taxes. American Opportunity Tax Credit (AOTC) at an increased level … Read more
During the week of December 10, ADKF hosted an Employee Benefit Seminar for our clients with the help of Cross Financial Group. We offered a free breakfast or lunch version of the seminar and Dan Clark from Cross Financial came to provide an update on managing fiduciary responsibilities. Below are some photos from the lunch … Read more
Recently, ADKF has joined with Cross Financial Group to offer a seminar to some of our clients regarding Employee Benefit Plans and pitfalls to avoid when youre the Plan Sponsor. Dan Clark of Cross Financial Group also wrote the follow blog post to share with our clients and readers. A big Thank You to Dan … Read more
At Akin, Doherty, Klein & Feuge, P.C., we have been in the holiday spirit all week! In preparation for our Christmas present wrapping party on December 4, we had some fun taking photos with the official ADKF Snowman we built. We ended this week with packaging and wrapping the presents to be delivered to our … Read more
Several members of our staff recently completed all of the requirements and have received their licenses to be CPAs. We are proud to announce our newest CPAs at ADKF, Prakash Ravi, Dylan Boss, and Anette Barrera. Congratulations! We also have many others at our firm striving to complete the four parts of the CPA exam. … Read more
Join ADKF and Eggerss Capital Management on Nov. 3 for an evening of investment and tax strategies. This event is free of charge, but seats are limited so RSVP early! To RSVP visit Eggerss Capital Management, or call 210-526-0057. We look forward to seeing you there!