Insights

Chris Deweese Named 2020 Sharp Shooter

August 25, 2020

Originally published in the Spring 2020 Edition of West Virginia Executive Magazine By Lori Kersey Chris Deweese, a partner at Suttle & Stalnaker, PLLC, is an accountant with the heart of an entrepreneur. Before the Chelyan native could even drive, he had already started his own business. “I started a small lawn mowing company and…

Read More
cutting costs

Surviving the Downturn: Cutting Costs

August 25, 2020

Suttle & Stalnaker, PLLC is pleased to publish this four-part series providing guidance to the energy sector as we navigate the COVID-19 pandemic and beyond.   Chris Deweese, CPA, CGMA Member, Suttle & Stalnaker, PLLC If you are in the energy market, you already know what recent market conditions and COVID-19 have done to the…

Read More

The possible PPP tax implications

August 11, 2020

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential PPP tax implications. PPP basics The Coronavirus Aid, Relief and Economic Security (CARES) Act, which was enacted on March 27, 2020, is designed to provide financial…

Read More
crisis recruiting and hiring

Recruiting in Today’s Environment

August 10, 2020

Important Elements to Keep in Mind During Crisis Recruiting and Hiring  By Chris Lambert, CPA, CGMA, CCIFP Originally published in the May/June edition of “West Virginia Construction News”  by CAWV Business owners know that from time to time, a crisis will present itself in some form. You can’t really be operational and not have various…

Read More
paycheck checkup

Is it time for a paycheck withholding checkup?

August 7, 2020

Were you surprised to discover you owed money on your 2019 tax return? You might want to change your paycheck withholding so that this doesn’t happen next year. If you received a large refund, you also might want to review your withholdings. Receiving a tax refund essentially means you gave the government an interest-free loan.…

Read More

Re-evaluate your company’s competitiveness in a changed economy

July 27, 2020

Just about every business owner’s strategic plans for 2020 look far different now than they did heading into the year. The COVID-19 pandemic has changed the economy in profound ways, forcing many companies to recalibrate suddenly and severely. As your business moves forward in this uncertain environment, it’s important to re-evaluate competitiveness. You may have…

Read More

Farm Use Valuation

July 21, 2020

The reporting period for Farm Use Valuation is open until September 1, 2020.  Each year the reporting period runs July 1st through September 1st. Beginning this year, you may file this report electronically or as a paper copy. You might receive a pre-printed copy from your County Assessors’ office if you filed in 2019. Please…

Read More

3 items to consider after filing your taxes

July 15, 2020

The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations. 1. Some tax records can now be thrown…

Read More

2020 Tax Deadline Updates

July 14, 2020

The 2020 tax filing season has been like no other, with the IRS taking “unprecedented and drastic” actions in response to the COVID-19 pandemic. While Taxpayers aim to get their tax returns in the mail on time, the COVID-19 pandemic may result in returns sitting in mail facilities for days. The IRS has announced taxpayers…

Read More

What qualifies as “coronavirus-related distributions” from a retirement plan?

June 24, 2020

As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify? In other words, what are coronavirus-related distributions? Early distribution basics In general, if you withdraw money from an IRA or eligible…

Read More

SUBSCRIBE TO OUR NEWSLETTER

Receive timely news and updates from our newsletter.