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Riney Hancock CPAs announces merger

Published on January 4th, 2018

Effective January 1, 2018, the Henderson office of McElroy, Mitchell & Associates, LLP has merged with Riney Hancock CPAs PSC. With offices in Owensboro, Kentucky, and Evansville, Indiana, Riney Hancock CPAs will now expand to add Henderson, Kentucky, as its third location. Riney Hancock will now have a team of eight shareholders and a professional […]

Start reducing student loan debt

Published on December 1st, 2017

For college graduates, it’s becoming more common to leave school with tens of thousands of dollars of student loan debt. It can be daunting, but not insurmountable. The best way to tackle your debt is to create a budget – and stick to it. It will help you prioritize, enabling you to hack away at […]

Watch out – More charity scams

Published on November 9th, 2017

The IRS recently reported an increase in charity scams since the rise in natural disasters over the last few months. Scammers use authentic-looking emails to direct people to fraudulent websites that ask for financial and personal information. The IRS website has a list of exempt organizations you can use to find qualified charities if you […]

Employee meals: 50 or 100 percent deductible?

Published on October 17th, 2017

Everyone loves a free meal – especially employees. However, your business tax return will be affected differently depending on the circumstances of the mealtime experience. While you can generally deduct only half the cost of meals related to your business activities, the tax code includes specific exceptions that allow a deduction of 100 percent of […]

Debt forgiveness and taxes

Published on October 5th, 2017

Did you know that any amount of canceled debt is typically taxed as ordinary income? If you receive debt forgiveness for home, car or student loans, or credit card interest and debt, you may create a tax liability. There are some exceptions, like when debt is forgiven as part of a Chapter 11 bankruptcy, or […]

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