Author: Gregory J. Cook, EA, CPA

We will be closed today, Thursday February 26, 2015 due to road conditions. Reopening on Friday is in question at this point, so if you have an appointment on Friday please confirm it by email or telephone prior to coming. It may be Saturday morning before we can safely reopen.

Due to the consensus on tomorrow’s weather predictions, we are calling all scheduled appointments to reschedule. We will be closed tomorrow and plan to reopen Thursday February 26 at noon, road conditions permitting.

Arab Police Department reports roads in our area are open but wet. Use caution as some secondary roads may contain patchy ice. Please drive carefully and give plenty of room between yourself and other motorists.

Due to the Winter Storm Warning we will be closing at 3:00 today, Friday February 20, 2015. We expect to reopen and be fully operational at 8:00 am in the morning, Saturday February 21, 2015.

Alabama Governor Robert Bentley wants to do away with the deduction for federal taxes on Alabamians’ state income tax returns. We had a young married couple in last week that are just getting started in family life. They have two automobiles, they both work and their combined income was approximately $52,000 ($26,000 each). They also…

The ice and sleet predicted by the Winter Storm Warnings appears to be well north and west of us. Temperatures are above freezing here and surrounding areas. At 6:00 am the rain has not yet moved into our area. Our local radio and TV news say no ice on the roads. If you have an…

Angie is an experienced and diverse certified public accountant with six years CPA firm experience, and fourteen years of accounting work in private industries, including controller and accounting management positions. Her responsibilities include consulting with clients regarding new business setup, QuickBooks training, preparation of financial statements and tax returns for businesses and owners. Tax return…

The Internal Revenue Service today issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cents per mile…

The House of Representatives voted to revive dozens of U.S. tax breaks that expired December 31, 2013 for this year and set them to expire again on December 31, 2014. The bill now heads to the Senate, where Finance Committee Chairman Ron Wyden has complained that it excludes tax breaks for the health care of laid-off…