Certified Public Accountants
& Business Consultants 

On September 12, 13 and 14, 2016, the Donald Danforth Plant Science Center hosted the 2016 Ag Innovation Showcase. There was a ton of great programming, sessions, and company presentations. Here are some of the highlights.

Arizona and Pennsylvania are offering tax amnesty programs to taxpayers. The Arizona program provides amnesty for individual and corporate income taxes for tax years ending before January 1, 2014 and transaction privilege (sales) taxes, including such taxes for program cities, for tax periods ending prior to February 1, 2015.

Prevent, detect, recover and above all else prepare. Ransomware holding data hostage. Threats to release sensitive information. Disruptive denial-of-service attacks. All are extortion schemes used by cyber criminals to separate you from your money. Extortion schemes are not new, but cyber criminals are constantly looking for new ways to use our technology against us.

On August 4, 2016, the Internal Revenue Service released much-anticipated proposed regulations to Internal Revenue Code § 2704 (REG-163113-02) that would greatly impact or eliminate discounts when valuing transfers of interests of entities to family members. Valuation discounts are a significant component of estate planning.
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