Liz joined Reimer, McGuinness & Associates in 2006, as one of the “founding four” employees with Tom, Randy and Merle. Her day-to-day responsibilities include supporting the firm's clients with accounting services, preparation of income tax returns, with a specialty in business tax returns. She has extensive bookkeeping experience, particularly with the setup and use of various bookkeeping applications like QuickBooks, Peachtree, and Thomson Reuters/Creative Solutions.
Outside of the office, Liz volunteers at her church and sings in the choir. She also enjoys reading, traveling and spending time with her grandkids. .
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The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return.
Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits.
In August of 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14 Not-for-Profit Entities (Topic 958). This is applicable to most non-profit organizations. This standard makes some significant changes to current practice and is...