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Dugan & Lopatka welcomes two associates
Michelle is a 2016 graduate of Olivet Nazarene University where she received her Bachelor of Science in Accounting. During her college career she served as a supplemental instructor, assisting professors in both financial and managerial accounting courses and guiding students in their coursework. She was also a four year member of the women’s varsity soccer team.
Jennifer is a 2016 graduate of the University of Illinois, where she received her masters in accounting science degree. She also received her bachelor of science in accountancy from U of I. While a student at U of I, she served as an account reconciler with the University’s Department of Kinesiology and Community Health. She also worked in Finance Operations at Zurich American Insurance Company in Schaumburg.
Both will focus their practice on assisting a variety of companies and not-for-profit organizations including religious, educational, and professional associations.
Dugan & Lopatka welcomes Eric Thompson
Eric is a graduate of the University of Illinois at Urbana-Champaign, holding both a Bachelor and Master in Accounting Science degree.
As an associate, Eric’s responsibilities include assisting clients with their monthly, quarterly, and annual accounting work such as conducting reviews and compilations of financial statements and closing the books at the end of a client's accounting cycle. Eric also prepares tax returns for businesses and their individual owners.
Eric served as an accounting intern at Dugan & Lopatka and also Luse Holdings, Inc. (The Construction Financial Management Association) prior to joining the firm.
Basis to an S Corporation Is Important
Tax planning for losses is important - so if you think your S corporation will show a loss for 2014, now's the time to plan to make sure you'll get the full tax benefit. Basis will play a major factor.
Dugan & Lopatka announces promotions
Dugan & Lopatka recently announced that four members of the firm received promotions and one member passed the Uniform CPA Exam.
Common Forms of Embezzlement
Fraud can crippling your business. One o fthe largest forms of fraud is Embezzlement. Embezzelment often is considered the worst form of fraud because the crime is being committed by a trusted employee. Embezzelment is a real danger and often goes undetected for long periods of time before discovery. Some embezzelment never gets detected.
Is Your Business Dependent on Too Few?
Are you like many small business owners? Are you too reliant on a single customer or supplier for much of your business? If you're in that position, you're taking a big risk. Just as the old adage says, don't put all of your eggs in one basket. You should have a well-diversified portfolio of customers and suppliers.
Crowdfunding: A New Source of Business Financing
Are you starting a new business or new venture and need money to fund it? You might want to check into an online option known as "crowdfunding." In simplest terms, crowdfunding means many people (the crowd) give you money to fund your venture in exchange for a reward such as a free copy of your product or a small stake in your new business. As accountants, we were interested in how to treat this money in terms of tax treatment. Is it an investment in your business? A gift? Taxable income?