Bruce has been with Menke and Company since June 1993. With expertise in the areas of tax and finance, his duties include income tax planning and preparation and financial statement preparation.
Before his long history with the firm, Bruce was a bookkeeper with Henry Co. Savings Bank and a staff accountant in the corporate office of Centel Cable of Iowa. He earned a Bachelor of Arts in Accounting & Business Administration from the American Institute of Business, and Bachelor of Arts Degree in Accounting & Business Administration from Iowa Wesleyan College. He has also completed some work toward a Masters from Western Illinois University. Bruce is a member of the Iowa Society of CPAs and the American Institute of CPAs.
In his free time, Bruce enjoys biking, golfing, and watching baseball, football and some basketball.
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same:
C corporations are subject to...
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land isn’t depreciable.) But special tax breaks that allow deductions to be taken more...
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect you and your business.