The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Update on Home Mortgage Interest Deductions

Itemized deductions for qualified residence interest are an ongoing source of controversy between taxpayers and the IRS. Here, we review the rules and summarize several recent developments for deducting interest from acquisition and home equity debt for federal income tax purposes. Some of the latest Tax Court decisions might even surprise you.

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Did You Miss the 60-Day Deadline for Your IRA Rollover?

A new IRS procedure can save the day if you have a valid excuse for missing the 60-day rollover deadline for IRA distributions. Instead of going through the hassle and expense of applying for a hardship waiver from the IRS, you may be eligible to submit a written self-certification document. Here’s a list of valid excuses, as well as conditions for self-certification and background on the 60-day rule.

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Loan Applications: Put Your Best Foot Forward

Withdrawals from a line of credit and asset-based loans can help your business grow. But applying for bank credit can be time-consuming and nerve-wracking. Here are insights into your lender’s mindset, factors underwriters consider when making credit decisions and a list of documents to gather for your loan package. Following these best practices can help increase the chances that your loan application will be approved.

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Are You Ready for the New Overtime Rules?

In May, the U.S. Department of Labor released a new final overtime rule, and it recently published additional guidance to flesh out certain details. The new guidance, which goes into effect on December 1, 2016, is expected to significantly reduce cash flow in many industries, including retail, manufacturing and not-for-profits. Here are the highlights, including possible implementation strategies to consider.

Read on CBD Spotlight >

Are You Ready for the New Overtime Rules?

In May, the U.S. Department of Labor released a new final overtime rule, and it recently published additional guidance to flesh out certain details. The new guidance, which goes into effect on December 1, 2016, is expected to significantly reduce cash flow in many industries, including retail, manufacturing and not-for-profits. Here are the highlights, including possible implementation strategies to consider.

Read on CBD Spotlight >