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Month: December 2019

We have a new website! - Dec. 02, 2019

We have a new website!We are so excited to share our new website, designed by the amazing husband and wife team at THRIVE Creative. We believe it really exemplifies our firm culture and passion for helping others, as well as helps communicate our new services and focus. Looking for a new logo, branding makeover, or new website? We would […] read more

Celebrating 25 years! - Dec. 01, 2019

Celebrating 25 years!2020 marks 25 years of service to our clients and community. We started out on October 1, 1995 as Robin L. Gulde, CPA at 108th and Stark after leaving another partnership. In 1997, after Lisa Ortquist received her CPA certificate, she became a 50% partner and the firm became Gulde & Ortquist, PC for the […] read more

Hanging Flags, Awarding Geniuses, Supporting Hong Kong Protestors and Criminalizing Animal Cruelty - Dec. 01, 2019

National POW/MIA Flag Act (S 693) – This bill amended title 36 of the United States Code to require that the POW/MIA flag be displayed on all days that the flag of the United States is displayed on certain federal properties. Previously, the POW/MIA flag was displayed only on Armed Forces Day, Memorial Day, Flag […] read more

What is Splinternet and Why You Should Care - Dec. 01, 2019

Eric Schmidt, former Google CEO, made a prediction in September 2018 that the internet will split in two – one part being led by China and the other by the United States. The reasoning behind this involves China’s active monitoring of all internet activities, as well as technological products and services from the country. Other […] read more

Practicing Gratitude: A Look Back at 2019 - Dec. 01, 2019

It may be hard to believe, but the end of the year is upon us. During this time, many of us might reflect on the year and tally up the good and the bad, the pros and the cons of the past 12 months. In a society that focuses on success and getting ahead, probably […] read more

Gross Domestic Product: A Primer - Dec. 01, 2019

The economic indicator known as Gross Domestic Product (GDP) represents the dollar value of all purchased goods and services over the course of one year. It is comprised of purchases from all private and public consumption, including for profit, nonprofit and government sectors. There are four components that are added to calculate the GDP: Consumer […] read more

What Would a Phase One Deal with China Encompass? - Dec. 01, 2019

The so-called phase one of a trade deal with China is expected to contain a provision for $40 billion to $50 billion in purchases of American agricultural products by China, according to an October news release from U.S. Sen. John Hoeven (D-ND) With ongoing discussions surrounding the US-Sino trade talks, there are rumors for such […] read more

Furniture, Fixtures and Equipment - and Depreciation - Dec. 01, 2019

When it comes to determining depreciation for Furniture, Fixtures and Equipment (FF&E), there are many considerations that exist for accountants and business owners. Defining Furniture, Fixtures and Equipment FF&E refers to expenses for business items that are not affixed to the building where that business operates. Real world examples of depreciable assets includes chairs, desks, […] read more

How to Defer, Avoid Paying Capital Gains Tax on Stock Sales - Dec. 01, 2019

The markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. If you’ve held the stocks for more than a year, then they will qualify for the more favorable long-term capital gains […] read more