Search news articles

An Important Message to Our Clients and Others Regarding COVID-19 & Our Firms’ Response

Mar 19, 2020

Terry Lockridge & Dunn and World Trend Financial are determined to do our part to stop the spread of the coronavirus (COVID-19) while ensuring that all of your financial needs continue to be met. Like so many other members of our community, we have temporarily changed the way we do business in an effort to limit exposure. We believe these steps are in the best interests of our valued clients, employees, and our community at-large. Read More

HSA Contributions and Medicare – What You Need to Know

Mar 01, 2020

Medicare is not a high deductible health plan. After you are on Medicare, you are not eligible to contribute to an HSA. You can keep your existing HSA or withdraw from it for medical expenses including Medicare Part B, C and D premiums ( but not for supplemental Medigap premiums). You just cannot put more money into it. In fact, you should stop all contributions to your HSA up to six months before you collect Medicare. Read More

Kiddie Taxes After the SECURE Act

Mar 01, 2020

Prior to the Tax Cuts and Jobs Act (TCJA), children with unearned income had received the first $1,100 of unearned income tax-free, and the next $1,100 was taxed at the child’s rate. Earnings over $2,200 were taxed at the parent’s rate. This was commonly referred to as the “Kiddie Tax”. TCJA changed that rate to the trust income tax rates, which could be much higher than the parent’s rate. Read More

Medicare Advantage Open Enrollment Ends March 31

Mar 01, 2020

While the Medicare enrollment period of October 15 – December 7 each year is widely promoted, this opportunity for people with Medicare Advantage plans is less well known. It runs from January 1 – March 31. Only person currently enrolled in Medicare Advantages plans may participate in this open enrollment. Read More

How to Take Advantage of the New Retirement Rules

Mar 01, 2020

The Setting Every Community Up for Retirement Enhancement Act, also known as the SECURE Act, was passed by Congress in late December 2019. Here are some of the features in the new legislation that will help you save more for retirement. Read More

Market Volatility

Feb 28, 2020

Given the market volatility of the past week, we want to take this opportunity to provide our perspective. Read More
Tags :

Tax Clients - It is not too late!

Feb 01, 2020

Terry Lockridge and Dunn is promoting 2 ways to get your 1040 tax return information to us this year: online (client collaboration hub) and paper. You do need to pick one before meeting with your tax accountant or sending information to us. If you have not already, please reach out to to request the online tool, or to to request a paper organizer. Read More

SECURE Act Seminar Presented by TLD and WT – February 20 in Cedar Rapids Office

Feb 01, 2020

Terry Lockridge & Dunn and World Trend Financial are jointly hosting a seminar in our Cedar Rapids office on the evening of February 20 highlighting retirement planning opportunities and challenges created by recently signed SECURE ACT. Read More

Some Entertainment Expenses May Still Be Fully Deductible

Feb 01, 2020

When the Tax Cuts and Jobs Act was signed in December 2018, it modified the rules relating to the deductibility of entertainment expenses. In general, entertainment expenses are not deductible under 274(a). Read More

Avoid Misclassification: Understand Independent Contractors

Feb 01, 2020

The best way to avoid misclassifying workers is to understand the defining characteristics of independent contractors — and then treat them as such. Keep reading to find a checklist to help identify independent contractors and understand how they are different than employees. Read More

Monthly Newsletters

Click the links below to read our Newsletters.

Would you like to receive our Newsletters? Click below
to sign up on our website.

June 2020  Office Procedures Extended, Your 529 Plan and School Refunds, Tax Savvy Moves to Consider Now, and More!

May 2020  New Laws Provide tax Relief During COVID-19, Is Your General Ledger Squeaky Clean?, PPP-Maximizing Loan Forgiveness and More!

April 2020 Navigating a Market Like No Other, CARES Act Outlined, and More!

March 25, 2020 Updates to our office procedures due to COVID-19, Families First Coronavirus Response Act, and More!

March 2020 HSA Contributions and Medicare - What You Need to Know, Kiddie Tax Changes, How to Take Advantage of the New Retirement Rules, and More!!

February 2020 Tax Clients-It is not to late, SECURE Act Seminar Present by TLD and WT, Time for a Yearly Credit Report and More!

January 2020 Tips to improve your credit score, Qualified Plug-In Electric Vehicle Tax Credit, 2020 Tax Limits/Thresholds, and More!

December 2019 Major Employment Tax Deadlines, 4 Tax Moves to Make Before 2019 Ends, How does Social Security work, and More!

November 2019 Do you Sell Products Over the Internet?, 5 Steps to Review Your Beneficiary Designations, Avoid Timeshare Resale Fraud​, and More!

October 2019 Key Retirement Account Rules, Make A Wish, 4 Good Reasons to Outsource Bookkeeping, and More!

September 2019 New IRS Tax Withholding Estimator Available, Great Records bring you greater tax savings, and More!

August 2019 2019 Iowa Sales Tax Holiday, Funding Retirement or Child's Education, Can I Deduct my Rental Property Loss Against Earned Income, and More!

July 2019 Never Take on the IRS Alone, Natural Disasters and Other Events-How You Can Help the Victims, Rhonda Andrews Begins a New Chapter, and More!

June 2019 7 Vacation Costs That Sneak Up on You, Prime Time for Home Sales, Al Capone, Aunt Becky, Tax Fraud and You, and More!

May 2019 3 Tax Planning Tips for Summer Jobs, New Overtime Rules Proposed, Leasing Vs. Buying a Car: Knowing the Tricks Makes you a Better Decision-maker, and More!

April 2019 5 Things Every High School Senior Should Know, Have You Set up your Online Social Security Account?, Why Use Quickbooks Online, and More!

March 2019 Tips to protect yourself from tax scams, Where is my income tax refund?, Rob Myers and Donna sanders become partners, and More!

February 2019 3 new changes could alter your 2019 tax plan, Its time to create your succession plan, Tips for a faster tax refund and More!

January 2019 Tim Terry Again Named to Corridor Business Journals Most Influential List, 5th Annual Realtor and Developer Summit, Iowa Itemized Deductions for 2018 Tax Year, and more!

December 2018 December 6 Tax Seminar - Register Today, Significant Changes to Kiddie Tax By Tax Cuts & Jobs Act (TCJA), and More!

November 2018 Medicare Open Enrollment, New Tax Law Has Significant Effects on Divorce, and More!

October 2018 How Best to Celebrate Our 40th, Upcoming Tax Seminars, Is a Tax Surprise Waiting For You, and More!

September 2018 Six Tips to Manage Capital Gains Tax, Dramatic Sales Tax Changes May Be Coming, and More!

August 2018 2018 Iowa Sales Tax Holiday, Saving for College, and More!

July 2018 2018 Midyear Tax Planning Letter, Six Home Ownership Tax Benefits, and More!

June 2018 QuickBooks® Seminar, Update on the TCJA, Medicare Enrollment Basics, and More!

May 2018 Have You Revisited Your Payroll Tax Withholding? HSA Limits, Protect Yourself in a Divorce Settlement and More!

April 2018 Retirement Issue: Avoid These Retirement Planning Mistakes, 5 Tips to Win the Battle Against Retirement Health Care Costs, Financial Calculators Available and More!

March 2018 Where is My Income Tax Refund?, Taxes and Virtual Currencies What You Need to Know, 2018 Dollar Limitations on Retirement plan Contributions, Beware: New Twist on an Old Scam and More!

Special Edition Stock Market Volatility

February 2018 New Year Tax Planning Letter Posted, Locate Lost Retirement Benefits, Avoid an IRS Audit and More!

January 2018 3 Important Facts About Splitting an IRA in a Divorce, Tax Reform in 2018, Non Spousal Inherited IRA Tax Tips, 4th Annual Realtor and Developer Seminar and More!

Special Edition 2017 Tax Reform: Last-minute Year-end Moves in Light of Tax Cuts and Jobs Act

December 2017 2017 Year-End Checklist, How to Fix Your Overfunded Retirement Account, Ace the FAFSA, Tax-Loss Harvesting Tips and More!

November 2017 Market Expectations, Year-End Tax Planning Letter, QuickBooks® Online Seminar and More!

October 2017 Identity Protection, 4 Good Reasons to Outsource Bookkeeping, Are You Taking Advantage of Your 403(b)?, What is Factor Presence Nexus? And More!

September 2017 Becoming a Smarter Renter, Form I-9 Revised, Time for an Insurance Review? And More!

August 2017 Iowa Sales Tax Holiday, Rules for Home Buyers, Zombie Payers, A Marriage Penalty and More!

July 2017 Health Savings Account Limits, How Much Do You Need to Retire? Succession Planning and More!

June 2017 Planning a Summer Vacation, Summer of the Arts, Tax Tips for Those Getting Married and More!

May 2017 IRS Begins Private Debt Collection, Three Tips for Managing Your Company's Cash Flow, Charitable Contributions and More!

April 2017 Where is My Iowa Tax Refund? What is Tax Cost Basis on Investments? Should You Amend Your Tax Return? Where Does the DOL Fiduciary Rule Stand Today? And more!

Special Edition - Beware of Phishing Scams! Our New Websites Have Launched! and 2017 Property Assessments Show Considerable Increases

March 2017 IRS Payment Agreements, A New Way to Save for Individuals with Disabilities, Account Registration of Your Assets and More!

Special Edition - 4 Items to Supply to Your Tax Preparer in Order to Claim the American Opportunity

February 2017 Join Us for the February 16th CR Metro Economic Alliance Biz Mix, 2017 New Year Tax Planning Letter, In Home Caregivers and Biennial Reports Due.

January 2017 New Form I-9, New Tax Deadlines, Haverback Becomes Partner, Registration for 3rd Annual Realtor and Developer Summit, 2017 Mileage Rates and More!