Skip to main content
  • about us
  • niches
  • kopsa otte
  • services
  • resources

Blog Archives

  • April 2018 (7)
  • March 2018 (15)
  • February 2018 (14)
  • January 2018 (16)
  • December 2017 (23)
  • November 2017 (14)
  • October 2017 (9)
  • September 2017 (22)
  • August 2017 (16)
  • July 2017 (11)
  • June 2017 (12)
  • May 2017 (3)
  • April 2017 (19)
  • March 2017 (34)
  • February 2017 (25)
  • January 2017 (25)
  • December 2016 (25)
  • November 2016 (22)
  • October 2016 (22)
  • September 2016 (19)
  • August 2016 (24)
  • July 2016 (16)
  • June 2016 (25)
  • May 2016 (18)
  •  
  • 1 of 6
  • next ›

You are here

Home

'Feds collect record $443.7B in taxes -- in just two months but still falls behind'

Submitted by Larry Kopsa on Mon, 12/18/2017 - 00:00

'Feds collect record $443.7B in taxes -- in just two months but still falls behind'

  • Read more about 'Feds collect record $443.7B in taxes -- in just two months but still falls behind'
  • Larry Kopsa's blog

NEBRASKA IS AMERICA'S TOP BEEF EXPORTER TO CHINA

Submitted by Larry Kopsa on Mon, 12/18/2017 - 00:00

(Lincoln Journal Star) -- JournalStar.com reports that "Nebraska has exported more beef to China this year than the rest of the country combined."  That is according to data recently released by the U.S. Department of Agriculture.  The story notes that "Nebraska's beef exports to China were $8.7 million as of Oct. 31, 50.5% of the U.S. total of $17.2 million."  Gov. Pete Ricketts and other state officials helped to convince China to reopen its beef market this June for the first time since 2003, the story says.

  • Read more about NEBRASKA IS AMERICA'S TOP BEEF EXPORTER TO CHINA
  • Larry Kopsa's blog

EMPLOYEE ACHIEVEMENT AWARDS

Submitted by Larry Kopsa on Mon, 12/18/2017 - 00:00

 

 An employee achievement award is tangible personal property that is awarded for one of two purposes:

·         (1)  Length of service. An award won't qualify as a length-of-service achievement award if the employee either receives the award during the first five years of employment; and after that only every five years.

  • Read more about EMPLOYEE ACHIEVEMENT AWARDS
  • Larry Kopsa's blog

HOW LONG RETIREMENT FUNDS LAST IN EACH STATE

Submitted by Larry Kopsa on Mon, 12/18/2017 - 00:00

Recently,

  • Read more about HOW LONG RETIREMENT FUNDS LAST IN EACH STATE
  • Larry Kopsa's blog

CHANGE IN CASH RECEIPTS FROM THE LAST SEVEN YEAR HIGHS

Submitted by Larry Kopsa on Wed, 12/13/2017 - 00:00

 ​CHANGE IN CASH RECEIPTS FROM THE LAST SEVEN YEAR HIGHS

Agricultural posted the change in cash receipts compared to the high between 2010 and 2017.  Cash down but expenses don’t follow the trend.  On to 2018.

 

  • Read more about CHANGE IN CASH RECEIPTS FROM THE LAST SEVEN YEAR HIGHS
  • Larry Kopsa's blog

CHARITABLE EXPENSES

Submitted by Larry Kopsa on Mon, 12/11/2017 - 00:00

For FICA and income tax withholding purposes, wages don't include any benefit provided to the employee if the benefit is excludable from his or her gross income under something called a de minimis fringe benefit. The words de minimis is Latin for small and per the code not worth keeping track of. In general, tax-free de minimis fringes are benefits provided by employers that are offered infrequently and have a fair market value (FMV) so small that it is impractical and unreasonable to account for them.

  • Read more about CHARITABLE EXPENSES
  • Larry Kopsa's blog

TAX CONSEQUENCES OF GIVING GIFTS TO EMPLOYEES

Submitted by Larry Kopsa on Mon, 12/11/2017 - 00:00

This is the time of the year when many employers give deserving employees a reward for a job well done, or acknowledge a good working record. It also may be an occasion to say goodbye to long-time workers who are retiring. This is a review the tax consequences of these types of gift-giving.  I have broken these into three sections. 

  • Read more about TAX CONSEQUENCES OF GIVING GIFTS TO EMPLOYEES
  • Larry Kopsa's blog

REAL ESTATE TAX LIMITATION

Submitted by Larry Kopsa on Sun, 12/10/2017 - 00:00

We seem to get this question a few times a week so I want to address it.  The question usually relates to whether you can continue to deduct your real estate taxes on your farm land rental or farm business.  The bottom line is yes, you will continue to deduct 100% of your business and rental real estate taxes.

  • Read more about REAL ESTATE TAX LIMITATION
  • Larry Kopsa's blog

THE IMPACT OF A MID-YEAR CHANGE OF STATUS ON HSA CONTRIBUTION LIMITS

Submitted by Larry Kopsa on Mon, 12/04/2017 - 00:00

From DataPath Administrative Services:

  • Read more about THE IMPACT OF A MID-YEAR CHANGE OF STATUS ON HSA CONTRIBUTION LIMITS
  • Larry Kopsa's blog

TAX REFORM--WHAT IS DYNAMIC SCORING?

Submitted by Larry Kopsa on Sun, 12/03/2017 - 00:00

TAX REFORM - WHAT IS DYNAMIC SCORING?          
 
 
Part of the debate about tax reform is the question of how much cutting taxes will increase the already $20,000,000,000,000 ($20 trillion) national debt.  The recent budget bill allowed the Congress to pass tax reform to increase the deficit by about $1.5 trillion over the next ten years.  
 
When the congressional staffers and economist measure the impact of the provisions of tax reform they talk about “static” changes” and “dynamic scoring” changes.  So what does that all mean.
 

  • Read more about TAX REFORM--WHAT IS DYNAMIC SCORING?
  • Larry Kopsa's blog

Pages

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • next ›
  • last »

home

  • Recent News

about us

  • Partners & Staff
  • Follow Us

services

  • Taxes & Accounting
  • Second Opinion

niches

  • Salon & Spas
  • Agriculture
  • Distributors

resources

  • Resources
  • Getting Started With Us

phone and address

1-800-975-4829

Kopsa Otte CPAs & Advisors
306 East Seventh Street
York, NE 68467

get directions

Contact Us


Copyright © 2013 Kopsa Otte CPAs & Advisors |Admin Login