Conner Ash P.C. - Certified Public Accountants and Business Consultants

Conner Ash P.C. - Certified Public Accountants and Business Consultants Conner Ash has been serving a wide variety of commercial, not-for-profit, and individual clients for over 85 years.

Our mission is to provide high-quality accounting and business advisory services that help our clients achieve what matters most to them and to do so in a manner that exceeds their expectations. As one of the top 20 public accounting firms in the St. Louis area, Conner Ash offers a wide range of accounting, assurance, tax, management advisory, and software consulting services. For more information

about Conner Ash please visit our website at www.connerash.com

Conner Ash P.C. is an independent member of BKR International, a leading global association of independent accounting and business advisory firms representing the expertise of more than 135 member firms with over 300 offices in over 70 countries around the world. Services:
Accounting, Audit and Assurance, Business Valuation, Management Assistance, Tax Planning & Compliance, Employee Benefit Plans, Fraud Prevention& Detection, Trusts & Estate Planning, Accounting Software Consulting

Are you considering making gifts during your lifetime or bequests at death to loved ones two generations or more below y...
06/10/2026

Are you considering making gifts during your lifetime or bequests at death to loved ones two generations or more below you? If so, beware of the generation-skipping transfer (GST) tax. It ensures that large estates can’t bypass a round of taxation that would normally apply if assets were transferred from parent to child and then from child to grandchild. The GST tax generally applies at a flat 40% rate — in addition to otherwise applicable gift or estate taxes — to transfers that skip a generation. The GST tax exemption ($15 million for 2026) can be a valuable tax-saving tool if you have a large estate and your children also have (or may eventually have) large estates. Contact us for details.

An employer-sponsored retirement plan can be a valuable investment for many organizations. But if employees don’t fully ...
06/10/2026

An employer-sponsored retirement plan can be a valuable investment for many organizations. But if employees don’t fully understand and appreciate your plan, the return on that investment may fall short. Many workers want help with retirement planning. This includes detailed guidance on how the plan works, as well as broader education on setting objectives, choosing investments and finding ways to save in the current economic environment. You can support them by offering clear, ongoing learning opportunities in multiple formats, such as emails, printed materials, seminars and lunch-and-learns. Contact us for help assessing the financial, tax and strategic implications of your retirement plan.

In the U.S. House, a bipartisan group of legislators has proposed a new tax framework for digital assets. The Digital As...
06/09/2026

In the U.S. House, a bipartisan group of legislators has proposed a new tax framework for digital assets. The Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields (PARITY) Act is intended to establish clear standards for taxing digital assets, maintaining market stability and preventing abuse. The bill’s main provision is a “deemed-basis rule” that would treat regulated, dollar-pegged payment stablecoins the same as cash for tax purposes. Taxpayers would no longer need to track and report small gains or losses on routine digital transactions. Among other changes, the bill would also extend securities anti-abuse regulations to digital assets.

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. ...
06/09/2026

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. However, many businesses supplement their GAAP financials with non-GAAP metrics to help stakeholders make better-informed decisions. For example, earnings before interest, taxes, depreciation and amortization (EBITDA) can provide insight into your business’s cash flow and long-term profitability. Because non-GAAP measures aren’t governed by a single set of accounting standards, calculations can vary significantly. So detailed disclosures are critical for reliable comparisons. Contact us for help presenting your financial results consistently and transparently.

Religious organizations are generally exempt from federal income tax. However, like some other tax-exempt charities, the...
06/08/2026

Religious organizations are generally exempt from federal income tax. However, like some other tax-exempt charities, these organizations can be subject to unrelated business income tax (UBIT). They usually can conduct income-producing activities that are related to their tax-exempt purpose (such as selling religious books) as long as the activities aren’t “substantial.” But income may be subject to UBIT if: 1) the income-producing activity constitutes a trade or business, 2) the trade or business is regularly carried out, and 3) it isn’t substantially related to the organization’s exempt purpose. For more information on your religious organization’s tax obligations, contact us.

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not a...
06/08/2026

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not aware of: after-tax, non-Roth contributions. These contributions aren’t subject to the annual elective deferral limit ($24,500 for 2026, plus catch-up contributions if you’re age 50 or older). So, if your plan allows, you can make them after you’ve maxed out your deferral limit, including catch-up contributions, if applicable. They create tax basis in your account that can eventually be withdrawn tax-free. And growth on the money won’t be taxed until you start taking withdrawals. We can review your situation and help you determine whether you might benefit.

Recently, the U.S. Treasury Dept. provided some details about the forthcoming revised IRS Form 990 (an information retur...
06/05/2026

Recently, the U.S. Treasury Dept. provided some details about the forthcoming revised IRS Form 990 (an information return used by tax-exempt organizations). Among other things, the new form will require clearer reporting on fiscal sponsorships. These occur when nonprofits provide an administrative umbrella for new charitable projects, sparing them the burden of immediately obtaining tax-exempt status themselves. The new Form 990 is also likely to request more information on foreign activities, particularly details on international donors. Nonprofits can start preparing for these changes by increasing documentation and improving recordkeeping.

Are you 65 or older and considering a seasonal or part-time job this summer? The extra income can be rewarding, but it m...
06/04/2026

Are you 65 or older and considering a seasonal or part-time job this summer? The extra income can be rewarding, but it may also change your tax picture. Individuals age 65 or older may qualify for a higher standard deduction, which could reduce taxes on modest earnings. But if you’re receiving Social Security benefits, additional wages can make more of your benefits taxable and may push some of your income into a higher tax bracket. Social Security and Medicare (F**A) taxes still apply to most wages, even after retirement. Before saying “yes” to that extra gig, review how the added income could affect your tax situation. A little planning now can help you avoid surprises later. Call us.

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify...
06/04/2026

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify as capital assets — such as goodwill and customer lists — generate capital gains or losses (with gains typically taxed at 15% or 20%).

However, sales of noncapital self-created intangibles — such as certain patents and copyrights — may be subject to ordinary income tax rates, which can be as high as 37%. In short, the type of asset, who created it and who owns it can matter.

If you’re planning to sell or transfer intangible assets, we can help you understand the federal tax implications before your deal is finalized. Contact us to learn more.

Reminder for Americans living and working abroad: Your 2025 federal income tax return is due by June 15. Taxpayers whose...
06/03/2026

Reminder for Americans living and working abroad: Your 2025 federal income tax return is due by June 15. Taxpayers whose tax home and main place of business are outside of the United States and Puerto Rico generally get an automatic two-month extension to file their return. But interest is charged on any tax that wasn’t paid by April 15, 2026. All worldwide income must be reported, including wages, self‑employment income and unearned income. Need more time to file? You can request an additional extension — however, beware of penalties and interest that may accrue on unpaid 2025 taxes. Contact us for guidance.

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12101 Woodcrest Executive Drive, Ste 300
St. Louis, MO
63141

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