It’s a good time to buy business equipment and other depreciable property

It’s a good time to buy business equipment and other depreciable property There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And it was increased and […]

August 19, 2019


Is your accounting software living up to the hype?

Is your accounting software living up to the hype? Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on being comprehensive accounting information systems — depending on the price point, of course. So, is your accounting software living up to the hype? If not, there […]

August 15, 2019


Volunteering for charity: Do you get a tax break?

Volunteering for charity: Do you get a tax break? If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Because donations to charity of cash or […]

August 14, 2019


M&A transactions: Avoid surprises from the IRS

M&A transactions: Avoid surprises from the IRS If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited. If a sale involves […]

August 12, 2019


Could you unearth hidden profits in your company?

Could you unearth hidden profits in your company? Can your business become more profitable without venturing out of its comfort zone? Of course! However, adding new products or services may not be the best way for your business — or any company — to boost profits. Bottom-line potential may lie undiscovered in your existing operations. […]

August 8, 2019