3.4.19
Did You Repair Your Business Property or Improve It?
Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called…
3.4.19
Deducting Charitable Gifts Depends on a Variety of Factors
Whether you’re planning to claim charitable deductions on your 2018 return or make donations for 2019, be sure you know how much you’re allowed to…
3.4.19
Weigh the Tax Impact of Income vs. Growth When Investing
As the 2018 tax-filing season heats up, investors have much to consider. Whether you structured your portfolio to emphasize income over growth — or vice…
2.28.19
Preventing Phoenix Companies From Taking Flight With Your Money
Bankruptcy (or liquidation) can be a valid business tool when used properly. Unfortunately, it can also enable less-than-honest business owners to profit at the expense…
2.28.19
Beware the Ides of March — If You Own a Pass-Through Entity
Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or…
2.27.19
Revenue Recognition – Accounting for Variable Consideration
We are now two months into 2019 and non-public companies should have an implementation plan in place to implement new Accounting Standards Update 2014-09, Revenue…
2.25.19
Worried About Missing Medical Practice Tax Deductions
You entered the healing arts to take care of patients, not to spend hours or days figuring out your taxes. Although paying your taxes is…
2.21.19
Are You Current with Your Form 5500 Filings?
It is that time of year where plan administrators and third party administrators are working on processing information in order to complete the various Form…
2.19.19
Keep Fraud Off Your Restaurant’s Menu
In the restaurant industry, where long hours and thin profit margins are the norm, owners and managers often lack the time and resources to focus…
2.19.19
The Home Office Deduction: Actual Expenses vs. The Simplified Method
If you run your business from your home or perform certain functions at home that are related to your business, you might be able to…