• Important tax implications for petroleum and ethanol industries

    A recent IRS memorandum states that claiming section 6426(c) excise tax credits does not result in taxable gross income under section 61. As a result, many in the petroleum and ethanol industries may be eligible for federal income tax refunds for all open tax years in which they reported these credits.
  • International Dairy Show and Process Expo rewind

    With a record setting attendance of over 19,000 people visiting the International Dairy Show and Process Expo, there was ample opportunity for our Valued Business Advisors in the food processing industry to keep abreast of trends and discuss industry challenges.
  • Taking a look at the new CFPB mortgage rules

    The new Consumer Finance Protection Bureau (CFPB) mortgage rules fall into three major categories: Ability-to-Repay, Mortgage Services, and other, including appraisals, escrow accounts, protections for high-cost mortgages, and compensation and qualifications for loan originators