Charmi graduated from Indiana State University in 1986 with a double major in finance and business administration and a minor in accounting. She joined the Baker Milligan team in May of 2013. She has over 20 years experience in bookkeeping in a variety of industries. She is also an Enrolled Agent. Charmi and her husband, Marc, enjoy watching their son, Nathan, play football for Hillsdale college in Michigan, and they are proud to have their son, Corbin, studying to teach history at St. Ambrose University in Iowa. They moved to Monticello for Marc’s position as Plant Accountant at Galfab, in Winimac, and they are thoroughly enjoying lake living.
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For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?
According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.