THF congratulates Kayla Twogood on joining the Lee’s Place Board of Directors. Lee’s Place was founded in 2000 after the president Brenda Rabalais lost her son, Lee, to cancer. This organization sets out to provide grief, loss, and trauma counseling to individuals and families that may not otherwise be able to afford it. The Lee’s […]
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THF Acquires Bainbridge Firm Dowdy & Whittaker CPAs
THF has recently acquired the Bainbridge, Georgia firm, Dowdy & Whittaker CPAs. Dowdy & Whittaker CPAs has been providing tax and accounting services for over 30 years in the Bainbridge community. Owners John Dowdy and Charles Whittaker are well-known and successful business owners who have been leaders in the community and strong advocates and supporters […]
THF Welcomes Kayla Twogood to the Tax Services Department
THF welcomes Kayla Twogood as a Senior to the Tax Services Department. Kayla Twogood, a Colorado native, received her bachelor’s degree in business administration with a concentration in accounting and her master’s degree in accounting with a specialization in taxation from Colorado State University. She is a licensed CPA by the state of Colorado and […]
Deductions Eliminated by the Tax Cuts and Jobs Act
Although the 2018 Tax Cuts and Jobs Act provided some new tax breaks, it also erased many deductions that you may have routinely claimed. The following eliminated deductions are scheduled to remain through 2025, pending congressional action. Home Equity Loan Interest. According to the new tax law, the deduction for home equity interest from 2018 […]
THF Congratulates Allison Harrell and Andrea Medley on Joining Local Boards
THF congratulates Allison Harrell on joining the Governor’s Club Board of Governors and Andrea Medley on joining the American Red Cross North Florida Region Board. Allison is a Shareholder in the Assurance Services Department at THF. She attended Florida State University and received her bachelor’s degree in accounting and her master’s degree in accountancy with […]
What is a Tax Checkup and Why Does Your Organization Need One?
Over time an organization, as well as related tax and case laws, can change significantly. These changes, although subtle on a year-by-year basis, can considerably alter the tax exposure of your exempt entity. A comprehensive tax “checkup” serves as a diagnostic tool to help identify tax exposure areas and planning strategies. A tax checkup provides […]
3 Tips on Using Cryptocurrency in Business
In today’s day and age, it is important to understand what cryptocurrency is. Cryptocurrency or virtual currency, is a digital medium of exchange that can be used for purchasing, selling, and storing value, but it is not backed by a sovereign government. The U.S. Treasury currently classifies cryptocurrency as intangible property. Despite the name, it […]
THF Congratulates Taylor Harmon on being recognized as a Tallahassee Network of Young Professionals’ Golden A.C.E. Award Winner!
THF congratulates Taylor Harmon on being recognized as a the Tallahassee Network of Young Professionals’ Golden A.C.E award winner. The Golden A.C.E. Awards recognizes the Capital City’s top “20 Under 40” young professionals. A Golden A.C.E. recipient is an emerging young leader in their respective industry and represents the award’s namesake – to highlight those in […]
THF’s Tampa Team Named Winner of United Way Suncoast Award
THF’s Tampa Team has been named the winner of the United Way Spirit of Suncoast Award in the category of “less than 100 employees” for the 2018 campaign year. United Way’s Spirit of Suncoast Award honors local companies for their exceptional commitment and investment by their organization and their employees. The award is presented […]
Tips on How to Choose a Tax Preparer
It’s that time of year again! Many of you are currently choosing a tax preparer to help file your tax return. If you are filing through a tax preparer, it is very important that you choose your preparer wisely. Ultimately, you are responsible for all of the information on your income tax return, no matter […]
Why Should You Have a Succession Plan?
An often overlooked process for companies is the development of a succession plan. Succession plans are used to address the inevitable changes that occur when business owners, partners or key employees resign, retire, are fired, get sick, or pass away. This strategy for the identification and development of future leaders is necessary to ensure a […]
THF Congratulates Brandon Mott on Being Selected as an FICPA Horizon Award Recipient
THF congratulates Brandon Mott on being selected as a Florida Institute of Certified Professional Accountants (FICPA) Horizon Award recipient. The FICPA’s Horizon Awards recognize the brightest young CPAs who are advancing the CPA profession and working to better their communities through service. Honorees are considered to be accelerating the accounting field through professional experience, leadership, […]
The Wayfair Decision: What Does it Mean?
In 1967 and 1992, the United States Supreme Court decided cases that formed the operating framework of how states could impose the requirement that a business collect/remit sales tax on behalf of a state. The central theme around this framework was that states could not impose on out-of-state sellers the obligation to collect and remit […]
New Tax Law Allows Small Businesses to Expense More and Expand Bonus Depreciation
Changes to the new tax law means that small business owners can immediately expense more of the cost of certain business property Many are now able to write off most depreciable assets in the year they are placed into service. The Tax Cuts and Jobs Act (TCJA), passed in December 2017, made tax law changes […]
Mileage Rates for 2019 & Popular Mileage Tracking Apps
The 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes have been issued. Beginning on January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents for every mile of […]
THF Congratulates Megan Keplinger on Joining the Tallahassee Network of Young Professionals Board
THF congratulates Megan Keplinger on joining the Tallahassee Network of Young Professionals Board as the Marketing Chair. The Tallahassee Network of Young Professionals was established with the goal to foster personal and professional growth by connecting members through fun and engaging activities, while simultaneously offering career enhancing opportunities. Its mission is to make Tallahassee a city […]
THF Congratulates Allan Franklin III on Earning the Certified Fraud Examiner (CFE) Designation and Joining the Board of Directors of Infragard of Tallahassee
THF congratulates Allan Franklin III on earning the Certified Fraud Examiner (CFE) designation. He has also been invited to join the Board of Directors of Infragard of Tallahassee. The CFE is a credential awarded by the Association of Certified Fraud Examiners (ACFE). The ACFE is a provider of anti-fraud training and education. With over 80,000 members, […]
THF Welcomes Beau Liao and Matthew Warren to the Firm
THF welcomes Beau Liao and Matthew Warren to the firm. Matthew, a Tallahassee native, received his bachelor’s degree in accounting from Flagler College. Matthew attended Chiles High School and is in his first year of public accounting. Beau, originally from China, received his bachelor’s degree in accounting from Florida State University, followed by his master’s […]
THF Welcomes Lindsey Gregory and Ryan Cummings to the Firm
THF welcomes Lindsey Gregory and Ryan Cummings to the firm. Lindsey, a Fort Myers native, received her bachelor’s degree in accounting at Florida State University, followed by her master’s degree in accounting and taxation from Florida Gulf Coast University. Lindsey is in her first year of public accounting. Ryan, originally from Punta Gorda, received his […]
THF Promotes Alex Frey and Brian Detwiler to Senior
THF congratulates Alex Frey and Brian Detwiler on their promotions to Senior in the Assurance Services Department. Alex Frey joined THF in 2017, and has been providing assurance services since 2015. He has provided a range of services in the insurance industry, which include financial statement audits, agreed-upon procedures, and financial statement reviews and compilations. […]
