Keeping us on the edge of our seats until the 11th hour, Congress has pulled through and passed legislation bringing forth the reinstatement of several tax benefits that had previously expired at the end of 2013. Called the “Tax Increase Prevention Act of 2014″, or TIPA, the tax package is poised and ready to be signed by President Obama. While most of these are retroactive back to January 1st, 2014, many are only for 1 year and will sunset again as we are toasting at midnight, December 31, 2014, to ring in the New Year (or while some of us sleep because our children will still wake up early no matter what day it is). Most of these provisions are not available for 2015, unless Congress passes another Act. The following are highlights of these extenders and may require immediate action. Please call us at 817.877.5000 in Fort Worth or 972.385.3180 in North Dallas with questions. Below are the highlights of the Act.view full article
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SB&F Recent News
Sanford, Baumeister & Frazier, LLP (SB&F) announced today that its partner, Allyson Baumeister, CPA, CGMA, has been elected as 2015-2016 chairman for the Texas Society of Certified Public Accountants (TSCPA).
“We are so excited for Allyson. She works tirelessly, always providing her clients with creative resolutions,” said Rick Baumeister, managing partner at SB&F. “She is an invaluable member of our team at SB&F. TSCPA members could not have elected a better choice for the next TSCPA chairman.” (Read More)
Specialty Parts and Electronic Components, Inc., as the name suggests, specializes in providing its customers with difficult to find, older items. It also sells commercial aircraft parts and electronic components. They are a family-owned and -operated business and because of that, Specialty Parts understands the importance of family.
In fact, two afternoons a week, one employees’ six-month old baby comes to the office with him.
“We would hate for her to go to a daycare center so soon,” said Julie Graham, Specialty Parts and Electronic Components owner. “Honestly, we all love her to death. She gets passed around the office so much that she barely affects anyone’s work!” (read more)