The Thomas Howell Ferguson Blog

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THF Congratulates Christie Battles on joining the Board of Directors and Finance Committee of the Second Harvest of the Big Bend

THF congratulates Christie Battles on joining the Board of Directors and the Finance Committee of the Second Harvest of the Big Bend.Second Harvest of the Big Bend’s mission is to feed the hungry in the Big Bend through the network of partner agencies. Furthermore, they strive to educate and engage the community in the fight […]

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Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses

Do you know the DOs and DON’Ts of recordkeeping? If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth […]

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2022 Health Savings Accounts Amounts Announced

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts. Fundamentals of HSAs What is a Health Savings Account (HSA)? It is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” It can only be established for the benefit of an […]

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THF Congratulates Taylor Harmon on His Acceptance into Leadership Tallahassee Class 39

THF congratulates Taylor Harmon on his acceptance into Leadership Tallahassee Class 39. 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 […]

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Providing Education Assistance to Employees? Follow these Rules

Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from his or her employer for educational assistance under a “qualified educational assistance program.” For this purpose, “education” means any form of instruction or training […]

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Claiming the Business Energy Credit for Using Alternative Energy

Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative energy property. The credit is intended primarily for business users of alternative energy (other energy tax […]

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THF Congratulates Chandler Russell on joining the InfraGard North Florida Members Alliance Board of Directors

THF congratulates Chandler Russell on joining the InfraGard North Florida Members Alliance (InfraGard) Board of Directors. The mission of InfraGard North Florida is in alignment with the InfraGard National program. In short, their core goal is to continue partnerships between private industry, the public sector, the Federal Bureau of Investigation (FBI), and other government agencies […]

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Michael Rosciam

Since 1995, Michael has been providing assurance and accounting services. A graduate of San Diego State University with a Bachelor of Science in Accounting, he has experience in insurance and governmental industries. Mike has been the Accounting Technology Manager for nine years at THF. He possess both accounting and IT knowledge with a background that includes information […]

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Steve Stevens

Since 1989, Steve has provided assurance, consulting, and other accounting services, including five years with a Big Four firm in a Director capacity. Industries served include government, not-for-profit, for-profit, insurance, and health and human services. Responsibilities include managing and directing staff performing engagements for performance audits, operational reviews, cost plan, Medicaid audits, and various consulting […]

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Simple Retirement Savings Options for Your Business

Are you thinking about setting up a retirement plan for yourself and your employees? Are you worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? In short, there are two options to consider: “simplified employee pension” (SEP) “savings incentive match plan for employees” (SIMPLE) SEPs are intended as an […]

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What Should You Know About the New Revenue Recognition?

The implementation of the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, is officially here (after a one year optional delay granted by FASB. In addition, there is another revenue recognition standard that will have an impact on not-for-profits specifically. The FASB issued ASU 2018-08, Clarifying the Scope […]

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THF Congratulates Ying Wang on Being Named One of the Tallahassee Democrat’s “25 Women You Need to Know”

THF congratulates Ying Wang on being selected as one of the 2021 “25 Women You Need to Know,” by the Tallahassee Democrat. Each year, the Tallahassee Democrat seeks to recognize the 25 women in the city of Tallahassee and the surrounding area. The outstanding women on the list have achieved great success in their businesses […]

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FAQs by Not-For-Profit Organizations

We sat down with one of our not-for-profit leaders, Allison Harrell, to review some frequently asked questions by not-for-profit organizations. Planning FAQs Question:  What tips or direction can you give organizations on how to better prepare for the future? We are concerned about losing a leader for the short or long term due to COVID.Allison:  […]

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Matt Walker

Matt began working in public accounting in March 2012 and joined Thomas Howell Ferguson in January 2013. Matt has over seven years of experience in public accounting, providing assurance and accounting services. The range of services provided includes audits, reviews, compilations, agreed-upon procedures, and other services. Matt serves as an engagement Manager, which includes assuming […]

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