Exceptional People. Innovative Ideas. successful Clients. 
by posted Apr 5 2017 8:43:00 AM
REVIEWING YOUR COMPANY'S BUY-SELL AGREEMENT If you own a business and follow professional advice, you’ve likely established a buy-sell agreement in case you or a co-owner voluntarily or involuntarily leaves the company. Assuming this is true, remember that it’s not enough to draft an agreement and put it in a safe place. You need to
by posted Mar 3 2017 8:53:00 AM
GOT NEXUS? FIND OUT BEFORE OPERATING IN MULTIPLE STATES For many years, business owners had to ask themselves one question when it came to facing taxation in another state: Do we have “nexus”? This term indicates a business presence in a given state that’s substantial enough to trigger the state’s tax rules and obligati
by posted Mar 2 2017 1:00:00 AM
Scheffel & Co. Founding Principal Richard “Dick” Scheffel Passes Away at 94   Richard “Dick” Scheffel, the founding Principal of the public accounting firm Scheffel & Co., passed away at his home in the early morning hours of Monday, February 27th. He was 94 years old at the time of his death. Richard was a W
by posted Feb 2 2017 9:23:00 AM
  CONSIDER SEPARATING REAL ESTATE ASSETS FROM YOUR BUSINESS Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal liabilities encountered by the company could affect property ownership. But there are valid and potentially be
by posted Jan 10 2017 8:22:00 AM
SCHEFFEL BOYLE WILL WELCOME 15 NEW TEAM MEMBERS IN 2017 We are excited to announce that our team will grow by 15 new staff members after the New Year. Beginning in January, we will welcome six new full-time accounting professionals, as well as nine interns for our annual FOCUS Internship program. With over 100 professionals and eight offices thro
by posted Jan 3 2017 3:04:00 PM
DAFS BRING AN INVESTMENT ANGLE TO CHARITABLE GIVING If you''re planning to make significant charitable donations in the coming year, consider a donor-advised fund (DAF). These accounts allow you to take a charitable income tax deduction immediately, while deferring decisions about how much to give — and to whom — until the time is righ
by posted Dec 9 2016 9:45:00 AM
When compiling your information for your taxes after the New Year, you might need to have everything in order sooner than you think. Please keep in mind these new filing deadlines for 2017 returns.   W-2's by 1/31/17 1099's by 1/31/17 1065 by 3/15/17 1120S by 3/15/17 1120 by 4/15/17  
by posted Dec 1 2016 3:01:00 PM
DON'T LET CAPITAL LOSSES GET YOU DOWN No one wishes to lose money on an investment. But, if it happens to you, don’t let it get you down. You may be able to lower your tax bill to cheer yourself up. The bright side A capital loss occurs when you sell a security for less than your “basis,” generally the original purchase pr
by posted Oct 3 2016 9:09:00 AM
TAKE THE WORRY OUT OF BUSINESS VALUATIONS Appraisals can inspire anxiety for many business owners. And it’s understandable why. You’re obviously not short on things to do, and valuations cost time and money. Nonetheless, there are some legitimate reasons to obtain an appraisal regularly or, at the very least, to familiarize yourself wi
by posted Sep 1 2016 12:41:00 PM
AMT AWARENESS: BE READY FOR ANYTHING When it comes to tax planning, you’ve got to be ready for anything. For example, do you know whether you’re likely to be subject to the alternative minimum tax (AMT) when you file your 2016 return? If not, you need to find out now so that you can consider taking steps before year end to minimize pot
by posted Aug 3 2016 10:40:17 AM
We are excited to announce that St. Louis Small Business Monthly has recognized Scheffel Boyle Principal Steve Pembrook, CPA as a “Top Accountant” in the St. Louis region for the publication’s annual feature. Each year, top accountants from the St. Louis area are chosen by readers of the magazine. Steve was one of only 12 people r
by posted Aug 2 2016 2:19:00 PM
KNOW YOUR OPTIONS FOR BUSINESS INTEREST TRANSFERS Business owners should always know their options when it comes to their company and its relation to their estate plans. Let’s take a look at some commonly chosen vehicles for transferring ownership interests in a business. The great GRAT With a grantor retained annuity trust (GRAT), you tra
by posted Jul 1 2016 1:26:00 PM
HAVE A HOUSEHOLD EMPLOYEE? BE SURE TO FOLLOW THE TAX RULES   Many families hire people to work in their homes, such as nannies, housekeepers, cooks, gardeners and health care workers. If you employ a domestic worker, make sure you know the tax rules. Important distinction Not everyone who works at your home is considered a household employ
by posted Jun 3 2016 9:05:00 AM
Beware The Transfer-For-Value Rule When Dealing With Life Insurance Life insurance typically is a key component of an estate plan. To keep the value of a life insurance policy you already own out of your taxable estate, or to achieve other planning goals, it may make sense to transfer the policy. But income tax traps exist. One is the transfer-for
by posted May 11 2016 8:35:00 AM
Scheffel Boyle has officially made the 2016 "Best Accounting Firms" list for St. Louis Small Business Monthly! We are very excited to share this recognition with our team and our clients. Thank you all for your support and nominations. Click here to view the full list of honorees.        
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