News Articles

08

March

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ATA Announces Staff Promotions : ATA team members recognized for hard work and dedication.

Alexander Thompson Arnold CPAs Announces Employee Promotions February 29, 2012 Alexander Thompson Arnold CPAs is proud to announce its staff members who have earned promotions.  They include: Robin Russell, CPA (McKenzie, Tenn.) and Kim Wilson, CPA (Murray, Ky.) have been promoted to Senior Manager Karie Spencer, CPA (Milan, Tenn.) and Regina Cooper, CPA (Jackson, Tenn.) are now Managers Gabrielle Lorbiecki, CPA (Paris, … Continued

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08

March

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Pass Those Tests : Are you putting the correct amount in your 401(k)

Pass Those Tests Unless your 401(k) plan has adopted a “safe harbor” design, is a SIMPLE 401(k), or contains a qualified automatic contribution arrangement (QACA), you must perform the actual deferral percentage (ADP) nondiscrimination test each year. The ADP test compares the average rate at which highly compensated employees defer salary with the average deferral … Continued

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08

March

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Clarification for 1099 Questions : Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011

Clarification for 1099 Questions On April 14, 2011, President Obama signed into law H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.”  This law is very short and basically includes four items. 1) The requirement for rental property owners to issue Form 1099 starting with 2011 payments is … Continued

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08

March

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Mileage Rate Announced : The IRS Announced the 2012 Mileage Rates

IRS Announces 2012 Mileage Rates On December 9, the IRS announced the standard mileage rates for 2012 (Announcement 2012-1).  Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile. The 2012 rates are: For business use of an automobile remains at 55 1/2 cents per mile. For medical … Continued

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08

March

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Badgett Payne and Warren CPAs Merges with ATA : ATA welcomes BPW Staff and Clients

BADGETT PAYNE & WARREN CPAs MERGES WITH ALEXANDER THOMPSON ARNOLD CPAs The November 1, 2011 merger of Alexander Thompson Arnold CPAs and Badgett Payne & Warren CPAs brings two firms with a common history back together. This merger brings the legacies of Grady Arnold and Tom Badgett full-circle. In the 1950s, Grady Arnold and Tom … Continued

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