Professional gamblers and hobby gamblers are now on the same playing field in the eyes of the IRS. Under the Tax Cuts and Jobs Act (TCJA), changes were made to how expenses and losses are deducted against gambling winnings. Previously… Read More

The post Tax Reform for Individuals: Changes in Deducting Gambling Losses appeared first on Anders CPAs.

The St. Louis Blues are in the midst of a historic run toward Lord Stanley’s Cup. This is especially exciting for St. Louisans as the Blues were in dead last in the NHL as 2018 turned to 2019 with talk… Read More

The post Banking on the Blues: How the St. Louis Economy Could Benefit from the Stanley Cup Finals appeared first on Anders CPAs.

California passed legislation to allow college athletes to be compensated for their likeness. Under this new legislation, schools would not compensate student athletes, but athletes would be allowed to profit off their likeness via third party businesses. This law would… Read More

The post NCAA Passes Initial Steps for Student Athletes to Benefit from their Likeness appeared first on Anders CPAs.

The new Qualified Business Income (QBI) deduction is an area of tax reform that may affect how some business owners structure their entities. This new deduction puts flow-through businesses on a level playing field with C Corporations. In its simplest… Read More

The post Tax Reform for Businesses: Qualified Business Income Deduction appeared first on Anders CPAs.

To fill a void of relevant benchmarking data, Anders and our accounting association, the Leading Edge Alliance (LEA), have launched the third annual National Manufacturing Outlook Survey, and we are requesting participation. Created specifically for privately-held manufacturers, this is the… Read More

The post Anders and LEA Launch National Benchmarking Survey for Manufacturers appeared first on Anders CPAs.

Anders has teamed up with the Leading Edge Alliance (LEA) to jointly release the results from the 2019 LEA National Manufacturing Outlook Survey.
For the third year, more than 350 manufacturing executives participated in the survey from a variety of… Read More

The post National Manufacturing Outlook Survey Offers Look Ahead into 2019 appeared first on Anders CPAs.

Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for consumables purchased in support of such government contracts.
The federal government… Read More

The post How Manufacturers Can Save on Sales/Use Tax for Government Contracts appeared first on Anders CPAs.

EA is taking its usual E3-adjacent festivities online through EA Play Live, set to be held during the gap in mid-June left by E3†™s COVID-19-driven cancellation. ...

EA credits its live game portfolio for an overall strong year, with COO and CFO Blake Jorgensen saying this latest report "[proves] the value of the live services path we†™ve been on." ...

Working within a tight budget can cause some not-for-profit organizations to neglect their financial reporting. Office managers may be assigned to do the bookkeeping, but don’t have the time or expertise to do the technical accounting. Having accounting and financial… Read More

The post How Not-for-Profits Can Focus on the Mission, Not the Financials appeared first on Anders CPAs.

The Situation
Where service goes, Meg Stagina will follow. After all, as Executive Director of the Greater St. Louis Dental Society, the recognized professional resource for dentists in both their business and in their patients’ care, she knows a thing… Read More

The post Following Top-Tier Service to Navigate Change for the Greater St. Louis Dental Society appeared first on Anders CPAs.

Many not-for-profits organizations have been concerned about the taxability of parking and transportation benefits as a result of the Tax Cuts and Jobs Act. Fortunately, Congress recently moved to repeal the dreaded “parking tax” on fringe benefits, such as free… Read More

The post Unpopular Parking Tax on Not-for-Profits May Be Repealed appeared first on Anders CPAs.

As we continue to navigate unchartered waters, we know the impact this pandemic is having on the not-for-profit community. All of us in public accounting are passionate advocates for our clients. We genuinely want to help you create successful, thriving… Read More

The post A Message To Our Valued Not-for-Profit Friends in Response to the COVID-19 Crisis appeared first on Anders CPAs.

When you’re hanging something heavy, a simple nail probably won’t do the job. Whether it’s an heirloom family mirror or a large painting, you want to be confident it will hang securely on your wall for years to come.The right …

The post How to Hang Heavy Objects on a Wall appeared first on The Handyguys.

Finnish mobile studio Dazzle Rocks has secured $6.8 million in Series A funding to boost development on its unnamed social sandbox MMO. ...

Switch hardware and software continues to deliver the goods for Nintendo, which reported an increase in both sales and profits during the fiscal year ended March 31, 2020. ...

Reporter Andrew Leland has always loved to read. An early love of books in childhood eventually led to a job in publishing with McSweeney’s where Andrew edited essays and interviews, laid out articles, and was trained to take as much care with the look and feel of the words as he did with the expression of the ideas in the text. But as much as Andrew loves print, he has a condition that will eventually change his relationship to it pretty radically. He’s going blind. And this fact has made him deeply curious about how blind people experience literature and the long history of designing a tactile language that sometimes suffered from trying to be too universal.

The Universal Page

Vivian Le is on a mission that requires equal parts science, philosophy, and daring, in search of something that’s been hotly contested for decades: the world's largest ball of twine.

Goodness Gracious Great Balls of Twine

When confronted with trash piling up on a median in front of their home in Oakland, Dan and Lu Stevenson decided to try something unusual: they would install a statue of the Buddha to watch over the place. When asked by Criminal’s Phoebe Judge why they chose this particular religious figure, Dan explained simply: “He’s neutral.”

He’s Still Neutral

Subscribe to Criminal on Apple Podcasts or RadioPublic

Before we turned our phones to silent or vibrate, there was a time when everyone had ringtones -- when the song your phone played really said something about you. These simple, 15 second melodies were disposable, yet highly personal trinkets. They started with monophonic bleeps and bloops and eventually became actual clips of real songs. And it was all thanks to a man named Vesku-Matti Paananen.

All Rings Considered

Galileo tried to teach us that adding more and more layers to a system intended to avert disaster often makes catastrophe all the more likely. His basic lesson has been ignored in nuclear power plants, financial markets and at the Oscars... all resulting in chaos. At the 2017 Academy Awards, Warren Beatty and Faye Dunaway famously handed the Best Picture Oscar to the wrong movie. In this episode of Cautionary Tales, Tim Harford takes us through all of the poor design choices leading into the infamous La La Land/Moonlight debacle, and how it could have been prevented.

Cautionary Tales

Subscribe to Cautionary Tales on Apple Podcasts

Vantablack is a pigment that reaches a level of darkness that’s so intense, it’s kind of upsetting. It’s so black it’s like looking at a hole cut out of the universe. If it looks unreal because Vantablack isn’t actually a color, it’s a form of nanotechnology. It was created by the tech industry for the tech industry, but this strange dark material would also go on to turn the art world on its head.

Their Dark Materials

The only truly accurate map of the world would be a map the size of the world. So if you want a map to be useful, something you can hold in your hands, you have to start making choices. We have to choose what information we're interested in, and what we're throwing out. Those choices influence how the person reading the map views the world. But a map’s influence doesn’t end there, maps can actually *shape *the place they’re trying to represent and that’s where things get weird.

Map Quests

In times like these, we could all use a little historical perspective. In this new podcast from Radiotopia, Jody Avirgan, political historian Nicole Hemmer, and special guests rescue moments from U.S. history to map our journey through a tumultuous year.

On this episode of 99% Invisible, Jody talks with Roman about his new show and we play two short episodes of This Day in Esoteric Political History.

Subscribe to This Day in Esoteric Political History on Apple Podcasts

In general, the coronavirus shutdowns have been terrible for academic research. Trips have been canceled, labs have shut down, and long-running experiments have been interrupted. But there are some researchers for whom the shutdowns have provided a unique opportunity—a whole new data set, a chance to gather new information, or to look at information in a new way. And so, this week, we’re bringing you stories very different academic fields, about researchers who are using this bizarre, tragic moment to learn something new about the world.

The Natural Experiment

Tracking expenses is an important part of maximizing PPP loan forgiveness. Once you identify which expenses are eligible for PPP forgiveness, it’s time to start keeping track of these expenses and calculate your potential forgiveness amount. The Anders CARES Act Research and Response Team put together tracking tools you can use to make it easier...

The post Paycheck Protection Program (PPP) Loan Forgiveness Calculators appeared first on Anders CPA.

The St. Louis County Small Business Relief Program, (SBR), slated to award $17.5 million to small businesses, was recently announced by County Executive Sam Page. The grants make up about 10% of the $173.5 million in federal relief funds the county received from the CARES Act. The program will provide financial relief to small businesses...

The post $17.5 Million in Grants Available for St. Louis County Small Businesses appeared first on Anders CPA.

Anders tax partner Dave M. Finklang, CPA/CGMA, MBA and tax supervisor Rebekah J. Tucker, CPA have been selected to join the St. Louis Small Business Task Force. Founded by Erin Joy, CEO of Black Dress Circle, the Task Force is a new initiative to bring together leaders from varied industries to clearly define and address...

The post Dave Finklang and Rebekah Tucker Named to St. Louis Small Business Task Force appeared first on Anders CPA.

What does returning to business look like in a post COVID-19 world? Join us on Thursday, May 14 at 10:00am CDT for a webinar discussing the state of the world after we reach the peak of the COVID-19 pandemic. You’ll learn about: Economic impact from COVID-19 Best practices for moving your business forward How to...

The post WEBINAR – The Great Viral Recession: Light at the End of the Tunnel? appeared first on Anders CPA.

On November 8, 2019, Sen. Deb Fischer visited the NECA Nebraska Chapter to discuss NECA’s priority issues. Pictured from left to right are Todd Becker of Thompson Electric, Barry Mayfield of IBEW Local 22, Craig Langfeldt of Miller Electric, Anthony Varbaro of the NECA Nebraska Chapter, Dan Smith of Electric Company of Omaha, Sen. Deb Fischer, Rick Milota of National Electric, Neil Davidson of Commonwealth Electric, and NECA Nebraska Chapter Executive Allan Hale.

Take Action: Tell the Senate to Vote on NECA-Supported Cadillac Tax Repeal!

On November 25, 2019, members of NECA’s Penn-Del-Jersey Chapter met with Rep. Lisa Blunt Rochester (D-Del.). The group discussed small business issues, composite plans, and the importance of infrastructure investment. Pictured from left to right are PDJ Chapter’s Aaron Kelley, Dan Hahn of Furness Electric, Christine Meyer of Battaglia Electric, Rep. Blunt Rochester, and PDJ Chapter Executive Jeff Scarpello. 

This week in government affairs: NECA opposes bill to raise top tax rate for pass-throughs, NECA member testifies before the house small business committee and NECA Wins in NDAA.

1. NECA Wins in Year-End Funding Bills

On December 17, 2019, Congress passed two funding bills, H.R. 1158, FY2020 Consolidated National Security Appropriations Package and H.R. 1865, FY2020 Consolidated Domestic and International Assistance Package, both resulting in big wins for NECA contractors.

NECA’s Look Ahead: In addition to ensuring the full operation of the federal government for the remainder of Fiscal Year 2020, several of NECA’s top legislative priorities were included:

• Full repeal of the Affordable Care Act’s (ACA’s) 40 percent “Cadillac Tax”

• Allowing 529 savings accounts to be used for costs associated with Department of Labor (DOL) registered apprenticeship programs

• Seven-year reauthorization of the Terrorism Risk Insurance Program

• Extension of the National Flood Insurance Program

• Full repeal of health insurance tax (HIT) and the medical device excise tax

• Seven-year authorization of the U.S. Export-Import Bank

• An extension of 179D energy efficiency tax deduction retrospectively from 2017 and prospectively through 2020

• $1 billion for Better Utilizing Investments to Leverage Development (BUILD) grants

Summaries of the package can be found below:

Full Package Summary – H.R. 1158

Full Package Summary – H.R. 1865

Division Q – Summary (Revenue Provision Amendment)

2. USMCA Passes the House

On December 19, 2019, the House passed, in a 385 to 41 vote, the NECA-supported United States-Mexico-Canada Agreement (USMCA), H.R. 5430, to replace the North American Free Trade Agreement (NAFTA).

NECA’s Look Ahead: Now that the USMCA has passed the House, it will move to the Senate. Under the Trade Promotion Authority (TPA), the bill procedurally spends up to 15 legislative session days in the Senate Finance Committee. Then, there are up to 15 session days for the Senate to vote on the floor. With Impeachment Articles passed from the House taking precedent, USMCA is unlikely to see a Senate vote any time before late February.

3. Impeachment Update

On December 18, 2019, the House of Representatives took up impeachment procedure and  passed H. Res. 755 – “Impeaching Donald John Trump, President of the United States, for high crimes and misdemeanors” by a vote of  230 – 197, 1 for Article I and by a vote of 229 – 197, 1 for Article II.

NECA’s Look Ahead: It remains unclear when the two articles of impeachment will reach the Senate. When they do arrive to the Senate, it is expected that the Senate will begin the trail immediately.  

On December 19, 2019, Peter Butler of NECA’s Northern California Chapter met with Rep. Jerry McNerney (D-Calif.) in the district.

On December 19, 2019, members of NECA’s Penn-Del-Jersey chapter attended a holiday event in Philadelphia with Rep. Madeleine Dean (D-Pa.). Pictured with Penn-Del-Jersey Chapter’s Aaron Kelley with Rep. Dean.  

On December 23, 2019, members of NECA’s Penn-Del-Jersey Chapter met with Rep. Fred Keller (R-Pa.) in the district. The group discussed NECA’s priority issues and the electrical contracting industry. Pictured from left to right are Matt Green of Appellation Construction, Rep. Fred Keller, and Penn-Del-Jersey Chapter’s Aaron Kelley. 

On January 14, 2020, members of NECA’s Penn-Del-Jersey chapter had the opportunity to meet with Rep. Dan Meuser (R-Pa.) and the Secretary of Labor Scalia

On December 11, 2020, members of NECA’s Northern California Chapter met with Rep. Mike Thompson (D-Calif.)

On January 22, 2020, members of the Long Island Chapter NECA met with Rep. Peter King (R-N.Y.)

Amy Walter, National Editor of the Cook Political Report and former Political Director of ABC News, will be returning to speak at the NECA 2020 National Legislative Conference.

On January 23, 2020, members of NECA’s Northern California Chapter met with Rep. Eric Swalwell (D-Calif.)

Last week, members of NECA’s Long Island Chapter met with Rep. Lee Zeldin (R-N.Y.)

NECA Government Affairs top three for the week of February 7, 2020.

On February 11, 2020, members of NECA’s Penn-Del-Jersey Chapter met with Rep. Madeleine Dean (D-Pa.)

On February 16, 2020, members of NECA’s East Tennessee Chapter met with Rep. Tim Burchett (R-Tenn.)

On February 24, 2020, NECA’s San Diego Chapter Executive, Andy Berg (left) met with Rep. Juan Vargas (D-Calif.)

On February 24, 2020, a member of NECA’s San Diego Chapter met with Rep. Mike Levin (D-Calif.)