BREAKING NEWS Regarding the 20% Pass Through Deduction

The Department of the Treasury issued its final regulations providing clarity to the pass through 20% deduction. The final regulations indicate that the origination of a loan is not treated as purchasing securities for the determination of “dealing in securities”. As a result, mortgage bankers qualify for the 20% pass through deduction since they are […]

2019 Mileage Rates

The Internal Revenue Service issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per mile for […]

SAC Ranks No. 4,270 on the 2017 Inc. 5000

Inc. magazine ranked Spiegel Accountancy Corp. NO. 4,270 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, […]

SAC Forms New Professional Alliance with 5X Solutions

Spiegel Accountancy Corp.  has formed a professional alliance with 5X Solutions, a mortgage research, data analytics technology company. Spiegel Accountancy Corp. is the only accounting firm to have an alliance with the mortgage business intelligence company. “Over the years our companies have enjoyed great synergies oftentimes working together for the same mortgage banker clients. We decided […]

SAC Forms Professional Alliance with Bedford Cost Segregation

Spiegel Accountancy Corp. announced today it has formed a professional alliance with Bedford Cost Segregation to assist its mortgage lending clients in applying research and development tax credits as a beneficial tax strategy. While the R&D tax credit has been around since 1981, it was recently made permanent and the incentives were expanded upon to increase opportunities […]