Meal, vehicle and travel expenses are common businesses deductions. But if you don’t properly document these expenses, you could find your deductions denied by the…
When a manufacturing company doesn’t have a clear idea of its annual budget, it runs the risk of spending more money than it earns in…
When Congress was debating tax law reform last year, there was talk of repealing the federal estate and gift taxes. As it turned out, rumors…
It’s a safe bet that state tax authorities will let you know if your business hasn’t paid enough sales and use taxes. But the lines…
The survey, “The New World of Revenue Management,” by the Institute of Management Accountants and cloud ERP provider FinancialForce, is making waves. After surveying 6,000 accountants and financial…
Cost segregation is the Internal Revenue Service’s approved method of reclassifying your commercial building from real property to personal property and, in the process, allowing…
The limited liability company (LLC) and limited liability partnership (LLP) business structures have their advantages. But, in years past, the IRS treated LLC and LLP…
The Tax Cuts and Jobs Act of 2017 (“TCJA”), signed into law on December 22, 2017, brought significant changes and tax reform, amending the Internal…
For some people, Roth IRAs can offer income and estate tax benefits that are preferable to those offered by traditional IRAs. However, it’s important to…
The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation under Section 168(k) of the Internal Revenue Code for both regular tax and alternative…