8.17.18

Business Deductions for Meal, Vehicle and Travel Expenses: Document, Document, Document

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…

8.16.18

Budgeting Success for the Manufacturing Industry

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…

8.15.18

Assessing Your Exposure to the Estate Tax and Gift Tax

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…

8.14.18

Is Your Company Overpaying on Sales and Use Taxes?

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…

8.13.18

A Fresh Look at Revenue Management for the Construction Industry

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…

8.12.18

How Does Cost Segregation Affect Your Manufacturing Operations?

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…

8.11.18

LLC and LLP Owners Should Befriend the PAL Rules

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…

8.10.18

Cash Method of Accounting Under the Tax Cuts and Jobs Act of 2017

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…

8.9.18

Take Note of the Distinctive Features of Roth IRAs

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…

8.8.18

IRS Issues Guidance on New Bonus Depreciation Rules

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…