The Thomas Howell Ferguson Blog

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Law Change Affects Moving, Mileage, and Travel Expenses

The Tax Cuts & Jobs Act (TCJA) created wide sweeping changes to tax rules at both the business and individual level.  Detailed below are some changes centered around vehicles that are now in effect. Changes to the deduction for move-related vehicle expenses The TCJA suspends the deduction for moving expenses for tax years beginning after […]

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Tax Reform: Changes to Depreciation Affect Businesses Now

If you are a business owner, the Tax Cuts and Jobs Act may affect your depreciation deductions and taxes. You can generally depreciate tangible property except land, which includes buildings, machinery, vehicles, furniture, and equipment. Changes to depreciation and how they will affect businesses may include: Businesses can immediately expense more under the new law. […]

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Co-Hosts THF and the Florida State University, College of Business, The Florida Catastrophic Storm Risk Management Center Announce Aon as New Title Sponsor for INCON – Insurance Conference on Financial Reporting.

Co-hosts Thomas Howell Ferguson P.A. CPAs and the Florida State University, College of Business, The Catastrophic Storm Risk Management Center announce Aon as new title sponsor for the eighth annual INCON – Insurance Conference on Financial Reporting. Aon is a leading global professional services firm. Operating in 120 countries, Aon provides a broad range of […]

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THF Welcomes Justin Marsh to the Firm!

THF welcomes Justin Marsh to the assurance services department in our Tampa office. Justin, a Jamestown, New York native, attended the University of South Florida and earned a bachelor’s degree in accounting.  He is currently working towards his master’s degree in accounting at the University of South Florida.  Justin is a US Army veteran and […]

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THF Congratulates Julian Dozier on Receiving the NACVA 40 Under Forty Award

Thomas Howell Ferguson P.A. CPAs congratulates Julian Dozier on being selected as a National Association of Certified Valuators and Analysts (NACVA) 40 Under Forty honoree. The NACVA recognition program honors the nation’s top “40 Under Forty” young financial consulting professionals.  This program was designed to give a voice and an opportunity to the next generation […]

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If You Are in a Two-Income Family or Work Multiple Jobs, You Should Check Your Withholding Amount

The passage of the Tax Cuts and Jobs Act, which will affect 2018 tax returns that you file in 2019, makes checking your withholding amounts even more important. These tax law changes include: Increased standard deduction Eliminated personal exemptions Higher thresholds for individual alternative minimum tax (AMT) Increased Child Tax Credit Limited or discontinued certain […]

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THF Congratulates Timothy Icardi for Receiving His CPA License

THF congratulates Timothy Icardi on receiving his CPA license! Timothy Icardi received his bachelor’s degree and master’s degree in accounting from Florida State University. Tim began working for THF in the Tallahassee office as a Staff Accountant in the tax services department. He has experience with various accounting positions, including bookkeeping and administrative services. Timothy […]

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THF Congratulates Alexander Frey on Receiving his CPA License

THF congratulates Alexander Frey on receiving his CPA license! Alexander received his bachelor’s and master’s degrees in accounting from Canisius College in Buffalo, New York.  Alexander began working at THF in May of 2017.  He has experience in internal control assessment and testing, fraud risk evaluation, financial statement preparation, and various accounting matters associated with […]

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THF Congratulates Ying Wang on Being Accepted into Leadership Tallahassee Class 36

Leadership Tallahassee, a division of the Greater Tallahassee Chamber of Commerce, is a year-long program that educates and encourages participants to actively seek positive and constructive changes in the community through leadership roles. The selection process is competitive and qualified applicants must have demonstrated leadership capabilities in the public or private sector or show a […]

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The One Vulnerability Cyber Thieves Are Desperate to Exploit: Weak Passwords

Cybersecurity attacks are becoming more pervasive and seemingly effortless to pull off. Cybercriminals who can execute a successful attack are seizing credit card numbers, bank account information, and even Social Security numbers. You can strengthen your organization’s cybersecurity risk management plan by addressing this one vulnerability: weak passwords. The capture or reuse of passwords, or […]

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Retirement Plan Credit

Small employers that create a retirement plan may be able to claim up to $500 in income tax credit per year for three years by filing the Form 8881 Credit for Small Employer Pension Startup Cost. The credit is limited to 50% of qualified startup costs. To be eligible, small employers should not exceed 100 […]

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THF Congratulates Stephen Andrews on Winning the Golden A.C.E. Award!

THF congratulates Stephen Andrews on winning the Tallahassee Network of Young Professionals’ Golden A.C.E. Award. 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 also represents the award’s namesake – to highlight those in the community who […]

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THF welcomes Amy Ranieri, Katrina Cromwell, and Brian Detwiler to the firm.

THF welcomes Amy Ranieri, Katrina Cromwell, and Brian Detwiler to the firm. Amy, originally from Philadelphia, received her bachelor’s degree in accounting from West Chester University in Pennsylvania and her master’s degree in accounting from the University of Central Florida. She will be working as a Senior Accountant in the assurance services department in our Tampa […]

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Nine Facts About the Adoption Credit

Did you know that adoptive parents may qualify for a tax credit? Parents who either adopted a child or tried to adopt a child may claim the adoption credit. Here are nine things you should know about this credit. Credit. The credit is nonrefundable. This means the credit may only reduce your tax liability to […]

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Celebrating Women in Business

The 7th Annual Celebrating Women in Business panel discussion and networking event is taking place March 30th from 1PM- 5PM. The panel includes some of Florida’s best and brightest businesswomen. This event is intended to provide women business leaders with an opportunity to gather and exchange ideas, information and best practices. The panel includes one […]

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THF Welcomes Andrea Medley to the Firm!

THF welcomes Andrea Medley to the firm! Andrea, a Carrabelle native, attended Florida State University and earned her bachelor’s degree in accounting and her master’s degree in accounting with a specialization in taxation. Since 2005, Andrea has been providing a range of tax, consulting, and compliance services to a variety of industries including insurance, financial […]

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The New NFP Financial Reporting Standard ASU 2016-14: The Top 5 Things Your Board Should Know!

The ASU 2016-14 was recently modified to update the current model. The changes improve information in financial statements and notes and allows NFP organizations to better tell their story. This applies to all NFPs and is effective for annual financial statements issued for fiscal years beginning after December 15, 2017. WARNING: This blog contains intense, […]

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