Craver, Green and Company, P.L.C.

01/03/2015

BIG NEWS!!! Craver, Green and Company has combined practices with McPhillips, Roberts and Deans, PLC. We plan to continue to provide our clients with excellent accounting and tax services. Please go to the website to learn more about the firm. www.mrdcpa.com

www.mrdcpa.com

12/17/2014

FINALLY, the Senate has passed the Tax Increase Prevention Act of 2014. This act, retroactively to 1/1/2014, extends, for 2014 only, many popular tax breaks including the higher limits on Sec. 179 and 50% bonus depreciation rules, the educators $250 supplies deduction, higher education deduction and more. Use the link below to go to a summary of the bill.

https://rules.house.gov/sites/republicans.rules.house.gov/files/113-2/PDF/113-HR5771-SxS.pdf

12/15/2014

Does your company provide vehicles for employees and/or owners to drive? If so, you probably should be including part of the cost of those vehicles on the W-2 of each vehicle-driving employee. For 2014 this needs to be included in their payroll before the last payroll is done for the year. If you need help with this, please call the office as soon as possible. 757-622-7004. http://www.cravergreen.com/

We are located on the 10th floor of The Town Point Center, 150 Boush Street in Downtown Norfolk. This beautiful red marble building is directly across the street from Nauticus and the Battleship Wisconsin (corner of Boush and Plume Streets).

11/05/2014

Here is the view from our office of the U.S. aircraft carrier Harry S. Truman traveling up the Elizabeth River this morning. She is taking up most of the harbor and dwarfing Nauticus. We are treated often with sights such as this.

It is a great privilege to live in this country. Feel free to come to our office to see the view.

11/05/2014

Check out the projected 2015 tax bracket and exemption changes according to Forbes Magazine. http://www.forbes.com/sites/kellyphillipserb/2014/09/17/2015-tax-rates-brackets-exemption-amounts-may-save-taxpayers-money/

The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has dropped off by .2%. That dip means that inflation should stay put: what does that mean for 2015 tax rates?

10/29/2014

Look at what Mr. Green is doing!!! We love Mr. Green and just like always he keeps on giving. Click the link below to see how.

Mel Green Will Help Others Forever

This is a special year for Melvin R. Green, CPA. It is the
60th anniversary of when he and his late partner Cliff Craver formed the Craver, Green & Co. accounting firm in Norfolk.

This also is the year Mel decided to endow a scholarship fund at the Hampton Roads Community Foundation to help future students have opportunities he never had.

"I did things the hard way," Green recalled the other day just before celebrating his 93rd birthday. For him "the hard way" meant building a successful accounting career despite never having graduated from college.

Mel grew up on a small farm in Ohio, served in the Navy for four years during World War II, married and settled in Norfolk. He used the G.I. Bill to get a year of business college and some correspondence courses under his belt before his money ran out. He also took night classes at what is now Old Dominion University. In the time before student loans and Pell grants, students like Mel either had the money for college or they didn't go.

Mel got a job as a junior accountant in 1947, worked and studied hard and passed the CPA exam in 1950. He retired a few years ago but takes continuing education courses to keep his skills sharp. He remains a consultant with Craver Green, which he believes is the oldest accounting firm in the city still using its original partners' names.

Mel says he chose to start a $25,000 scholarship fund because "since I would like other people to have what I couldn't have. Norfolk has been good to me so I would like to pay that back in some small way."

He chose the community foundation to administer his scholarship because "over the years I have known people at the community foundation and feel close to it." Mel isn't kidding about being close since for more than 30 years his office was next door to the community foundation. For years he also worked down the hall from our current board chair John O. "Dubby" Wynne and the late Joshua P. Darden, who was a long-time foundation board member and chair.

The new Melvin R. Green Scholarship is for students pursuing a four-year degree with a preference for those studying business, especially accounting. Mel's scholarship also has a preference for students at Old Dominion University. The first Green Scholar will be selected in the spring. Mel's scholarship will grow over time and will help business students forever.

Scholarship applications for this and more than 70 other scholarship funds will be available on our website starting December 1. Each fund has a generous donor like Mel with a special interest in education and the opportunities it promises.

Please let me know if I can help you or your clients find a way to use philanthropy to help future generations lead better lives.

Kay Stine
[email protected] or (757) 622-7951





http://campaign.r20.constantcontact.com/render?ca=44cb3e64-a72a-4bf6-aae7-3b8d4424360d&c=12734c30-370f-11e3-874c-d4ae528eb986&ch=13a1ba10-370f-11e3-88a2-d4ae528eb986

10/24/2014

Mr. Green, founder and mentor, turns 93 tomorrow. Thanks Mel for being there for us so many times. Have a very happy birthday tomorrow!!!!

10/23/2014

Everyone, we are looking for new accounting staff for our accounting firm. If you know of anyone, please send them our way. The basic listing is below:

An established Norfolk CPA firm seeks a staff accountant. Can be an accounting graduate or a CPA or CPA candidate, for a full time permanent position. No experience is necessary but a plus. We provide a competitive salary and benefits, flexible hours and an excellent work environment. Fax your resume to Craver, Green and Company, P.L.C. at 757-626-0616 or email to [email protected].

10/06/2014

Are you ready for the "Employer Mandate" of the Affordable Care Act which starts January 1, 2015? Check out some of the requirements and other important tax info. in our newsletter at:
http://www.cravergreen.com/newsletters.html

Before the fast-approaching new year, it’s important to take some time and reflect on year-end tax planning. The weeks pass quickly and the arrival of January 1, 2015 will close the doors to some tax planning strategies and opportunities. Fortunately, there is still time for a careful review of your…

08/14/2014

REDUCE YOUR TAX DEBT! We hear it on TV all of the time. Is it true? Can you? Several companies who have had big TV ad campaigns about representing you before the IRS have been penalized, sued, etc. over poor practices, false advertising, etc. The best way to get out of tax debt is to never get into it.

http://www.accountingtoday.com/news/legal-watch/tax-relief-company-agrees-to-turn-over-16-million-to-bilked-consumers-71656-1.html?utm_campaign=daily-aug%2014%202014&utm_medium=email&utm_source=newsletter&st=email

The Federal Trade Commission said it is mailing more than $16 million in refund checks to 18,571 consumers who had paid money to American Tax Relief, a company that allegedly bilked financially distressed consumers by falsely claiming it could reduce their tax debts.

07/29/2014

Here is a local organization that is helping the community. Coach Ray Barlow Believe in Yourself Foundation. Help them fight prostate cancer by LIKING their page.

More than one million prostate biopsies are performed each year in the U.S. alone, including many repeat biopsies for fear of cancer missed.

07/03/2014

Happy Independence Day! Go USA!!
In accordance with the Holiday our offices will be closed on Friday, July 4th and will re-open for regular business on Monday, July 7th. Have a wonderful holiday weekend!