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The Doty Group CPAs | Tax, Assurance, Accounting, Litigation and Valuation
BOI UpdatesParkingFor Clients
Arivva Center for Arts & Technology Receives Second Gift from State Farm
Arivva Center for Arts & Technology Receives Second Gift from State Farm

Thanks to these recent substantial contributions by State Farm and other organizations such as Kaiser Permanente, MultiCare Health Systems, and the Clay Art Center, Arivva has gained momentum in its efforts to bring hope and opportunity to young adults in Parkland.

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Community, Firm News, Our PartnersAidan HeltApril 5, 2019Community, Arivva Center for Arts and TechnologyComment
April 15th - Deadline To File Annual Report of Foreign Bank and Financial Accounts (FBAR)
April 15th - Deadline To File Annual Report of Foreign Bank and Financial Accounts (FBAR)

April 15, 2019, is the deadline to file your annual Report of Foreign Bank and Financial Accounts (FBAR).

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The Doty GroupApril 4, 2019The Doty Group, P.S.Tax, FBAR, Foreign Bank Accounts, Deadlines, Offshore Voluntary Disclosure Program, Domestic Entity ReportingComment
6 Personal Finance Trends That Should Worry All Americans
6 Personal Finance Trends That Should Worry All Americans

Experts provide tips on paying down debt, saving for retirement and staying current on car payments.

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IndividualsThe Doty GroupApril 3, 2019Personal Finance, AICPA, Credit Card Debt, Retirement, Student Loans, BudgetComment
With new SALT limit, IRS explains tax treatment of state and local tax refunds
With new SALT limit, IRS explains tax treatment of state and local tax refunds

In Revenue Ruling 2019-11, the IRS provided four examples illustrating how the long-standing tax benefit rule interacts with the new SALT limit to determine the portion of any state or local tax refund that must be included on the taxpayer’s federal income tax return.

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Business Owners, IRS News, Individuals, Tax ReformThe Doty GroupApril 2, 2019SALT, State and Local Tax, TCJA, Tax Cuts and Jobs ActComment
IRS Revises EIN Application Process
IRS Revises EIN Application Process

Beginning May 13, 2019, the EIN application process is revised by disallowing the use of an EIN as a responsible party’s TIN on Form SS-4. The change will prohibit entities from using their own EINs to obtain additional EINs.

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Business Owners, IRS NewsThe Doty GroupMarch 28, 2019EIN, IRS, Security, Business Owners, Responsible Party RequirementComment
Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Overall new business volume for February was $5.9 billion, down 24 percent year-over-year from new business volume in February 2018. Volume was down 18 percent month-to-month from $7.2 billion in January.

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SurveysThe Doty GroupMarch 26, 2019Equipment Leasing and Finance Association, Leasing and Finance Infex, Equipment FinanceComment
Property Management Apps
Property Management Apps

In the vast world of property management, whether you’re managing AirBnBs, long-term rentals, or temporary stays, the software with which you management your business can make all the difference in the level of success that you achieve.

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Business OwnersThe Doty GroupMarch 22, 2019Property Management, Rentals, Landlords, Airbnb, Real EstateComment
Doty Welcomes New State and Local Tax Expert
Doty Welcomes New State and Local Tax Expert

The Doty Group has recently welcomed Tax Supervisor David Volkert to the team. David's focus is in taxation with a specific expertise in state and local tax (SALT).

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The Doty GroupMarch 21, 2019The Doty Group, P.S.Comment
IRS offers free March 28 webinar: Understanding how to do a ‘Paycheck Checkup’
IRS offers free March 28 webinar: Understanding how to do a ‘Paycheck Checkup’

Reviewing withholding is especially important if people did a Paycheck Checkup in 2018 and adjusted their withholding during the middle or late in the year. Another review early this  year can help make sure they’re having the right amount withheld for the rest of 2019.

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IRS News, Tax ReformThe Doty GroupMarch 20, 2019IRS, Withholding Calculator, Paycheck Checkup, Tax, Tax PlanningComment
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The Doty Group, P.S.
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