Carol joined our firm in 1998. Her responsibilities include conducting and reviewing audits, reviews, compilations, and business tax returns. She specializes in the construction industry. Prior to joining our firm, she worked at Ireland Technologies.
Carol earned her bachelor of arts degree in accounting at University of Northern Iowa. She is also a member of the American Institute of Certified Public Accountants and the Iowa Society of Certified Public Accountants.
In the community, Carol is involved with the Fort Madison Middle School PTO and is a board member of the Fort Madison Community School District.
Carol is married and has two children. Outside of the office, Carol enjoys attending her kids' activities and spending time with family and friends.
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.