by Sarah Boehle Pool | Mar 19, 2018 | Latest News
Make sure repairs to tangible property were actually repairs before you deduct the cost 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 repairs...
by Sarah Boehle Pool | Mar 15, 2018 | Latest News
7 ways to prepare your business for sale For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. Others simply sell the business and move on. There are many variations...
by Sarah Boehle Pool | Mar 14, 2018 | Latest News
What’s your mileage deduction? Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions. For 2017, you might be able to deduct miles...
by Sarah Boehle Pool | Mar 12, 2018 | Latest News
Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to...
by Sarah Boehle Pool | Mar 7, 2018 | Latest News
Tax deduction for moving costs: 2017 vs. 2018 If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, if your employer reimbursed you for moving expenses, that...
