Justine Arnold

Dalby, Wendland & Co., P.C., Announces Promotions

Dalby, Wendland & Co., P.C., is pleased to announce the following staff promotions: Michael B. West, CPA, to Principal Originally from Montrose, Mike graduated summa cum laude from Western State College in Gunnison. Since joining Dalby Wendland’s Glenwood Springs office in 2004, he has developed expertise in business and individual taxation and extended his skills […]

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Matthew R. Martinez, CPA

DWC Accountant Matt Martinez Awarded CPA

Dalby, Wendland & Co., P.C., is pleased to announce Matthew R. Martinez recently attained the Certified Public Accountant (CPA) designation after passing the Unified Certified Public Accountant Examination. The exam is set by the American Institute of Certified Public Accountants and protects the public interest by helping to ensure that only qualified individuals become licensed […]

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Keep Real Estate Separate from Your Business’s Corporate Assets to Save Tax

It’s common for a business to own not only typical business assets, such as equipment, inventory and furnishings, but also the building where the business operates — and possibly other real estate as well. There can, however, be negative consequences when a business’s real estate is included in its general corporate assets. By holding real […]

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Acronym EBITDA on wood planks

Look Beyond EBITDA

Earnings before interest, taxes, depreciation and amortization (EBITDA) is commonly used to assess financial health and evaluate investment decisions. But sometimes this metric overstates a company’s true performance, ability to service debt, and value. That’s why internal and external stakeholders should exercise caution when reviewing EBITDA. History of EBITDA The market’s preoccupation with EBITDA started […]

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Why Your Nonprofit Must Avoid Excess Benefit Transactions

Not-for-profits that ignore the IRS’s private benefit and private inurement provisions do so at their own peril. These rules prohibit an individual inside or outside a nonprofit from reaping an excess benefit from the organization’s transactions. Violation of such rules can have devastating consequences. Defining terms A private benefit is any payment or transfer of […]

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Less than 6 Months Until the New Contract Revenue Guidance Goes Live

The sweeping new revenue recognition standard goes into effect soon. But many companies are behind on implementing it. Whether your company is public or private, you can’t afford to delay the implementation process any longer. 5 steps Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, requires companies following U.S. Generally Accepted Accounting […]

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