Anstiss & Co., P.C. Welcomes Karen M. Lascelle, CPA, CVA, MBA

September 17th, 2012

Anstiss & Co., P.C. is pleased to announce that Karen M. Lascelle, CPA, CVA, MBA has joined our firm as a Senior Manager. Karen has more than 10 years of public accounting experience, specializing in tax and business valuation services. Karen is a Certified Valuation Analyst (CVA), as recognized by the National Association of Certified [...]

Anstiss & Co. Sends 5 to the AICPA National Not-For-Profit Industry Conference

June 22nd, 2012

The American Institute of Certified Public Accountants (AICPA) held its annual National Not-For-Profit Industry Conference in Washington, D.C. from June 20 through June 22, 2012. Anstiss & Co. sends members of the not-for-profit audit team to the AICPA Conference each year in order to stay up-to-date on the latest developments and issues affecting our not-for-profit [...]

Fidus Investment Corporation Elects Raymond L. Anstiss, Jr. to Its Board of Directors

November 22nd, 2011

EVANSTON, Ill., Sep 30, 2011 — Fidus Investment Corporation (NASDAQ “FDUS”) appointed Raymond L. Anstiss, Jr. to serve as an independent director, effective September 29, 2011. Fidus Investment Corporation provides customized mezzanine debt and equity financing solutions to lower middle-market companies, which are generally defined as U.S. based companies having revenues between $10.0 million and [...]

Has your Organization Lost its Tax Exempt Status?

November 22nd, 2011

Under the Pension Protection Act of 2006, all exempt organizations, even those considered small ($50,000 or less in gross receipts beginning in 2010, $25,000 or less prior to 2010), have been required to file an annual information return beginning in 2007. Many small organizations are not even aware of this filing requirement and have lost [...]

Are You Age 70 1/2? – Year End Charitable Giving – Required Minimum Distributions from IRA

November 22nd, 2011

If you’ve reached age 70 ½ and are charitably-inclined, there are some little-known tax rules surrounding charitable distributions from individual retirement accounts (IRAs – excluding SEP and SIMPLE IRAs). The Qualified Charitable Distribution (“QCD”) provisions were renewed for 2011 and permit up to $100,000 to be excluded from your gross income and treated as a [...]

Anstiss Summer Scorcher

August 15th, 2011

Anstiss & Co. has enjoyed much growth and success over the years, for which we are very grateful. We also think it is important for us to do something for the people who work so hard, every day, to make it possible for our company to be consistently ranked in the top 45 accounting firms [...]

Operating Leases Recorded on a Balance Sheet?

August 15th, 2011

It’s true! The Financial Accounting Standards Board (FASB) released their “exposure draft” requiring companies to record leases on their balance sheets as a “right to use” asset and a corresponding liability. The value of these assets and liabilities would be based on several estimates such as lease term, payments, present value calculations, etc., and these [...]

Avoid Penalties: Make Sure You Have a Complete and Accurate 990!

August 15th, 2011

A recent article by Michelle Michalowski, CPA, called “New Form 990: What’s Confusing Filers?” published in the AICPA’s The Tax Adviser, noted that there were filing errors in approximately 1% of the returns filed for 2010, including incomplete returns. The IRS considers an incomplete return as a return filed late. Late returns incur penalties. The [...]

Worker Misclassification Now A Criminal Offense

June 30th, 2011

In an environment where the federal and state governments are looking to cover budget shortfalls, the IRS and many states are looking at worker misclassification. Recently, the IRS started an audit program to look for violations in classification which could lead to steep withholding tax liabilities and penalties. Certain states, including Massachusetts, have made worker [...]

Anstiss & Co. Leads the Way at AICPA Conference

June 30th, 2011

The American Institute of Certified Public Accountants (AICPA) held its annual National Not-For-Profit Industry Conference in Washington, D.C. from June 8 through June 10, 2011. Anstiss & Co. sends multiple staff members to the AICPA Conference each year to stay abreast on the current and developing issues affecting our not-for-profit clients. Once again, the Anstiss [...]