Accounting and Tax Services for Small Businesses and Individuals in the Des Moines, Iowa Area and Beyond

Is Tuition for Christian Schools Deductible in Iowa?

Short answer: the tuition is not "deductible," but some of the tuition might qualify for the Iowa "Tuition and Textbook Credit."

The Dinesen Tax Times

Glossary: Generally Accepted Accounting Principles (GAAP)

June 22nd, 2017|0 Comments

The term GAAP, or "generally accepted accounting principles," refers to a set of accounting policies and procedures used in the formal compilation of financial statements. Some part of GAAP come from formal accounting standards from various boards and agencies, and some come from industry standards.

Managing Cash Flow and Working Effectively with Banks: Part 1

June 20th, 2017|0 Comments

This is an excerpt from a presentation I give to business owners about managing cash flow and working effectively with banks.

Does a Roth IRA Count as an Asset in Insolvency Calculation for Cancelled Debt?

June 16th, 2017|0 Comments

Does a Roth IRA Count as an Asset in Insolvency Calculation for Cancelled Debt? Short answer is: yes.

Small Business

305, 2016

You Can Afford Employees But Not an Accountant?

Things business owners have actually said to me: "I hired employees but can't afford an accountant."

1203, 2015

Why Do Unethical Clients Bother Working With Tax and Accounting Pros?

I'm always confused when an unethical client bothers seeking out the help of a licensed professional.

State Taxes

506, 2017

Iowa Deduction for Charitable Mileage

Image courtesy of user Maialisa on Pixabay.com Iowa allows taxpayers to take an extra itemized deduction for charitable mileage. Here’s how it works. Background [...]

2605, 2017

Iowa Department of Revenue: Painfully Slow on Everything

Tax refunds are not the only thing the Iowa Department of Revenue is being slow with.