by Sarah Boehle Pool | Feb 14, 2018 | Latest News
State and local sales tax deduction remains, but subject to a new limit Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income or...
by Sarah Boehle Pool | Feb 12, 2018 | Latest News
Claiming bonus depreciation on your 2017 tax return may be particularly beneficial With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs...
by Sarah Boehle Pool | Feb 8, 2018 | Latest News
Business interruption insurance can help some companies Natural disasters and other calamities can affect any company at any time. Depending on the type of business and its financial stability, a few weeks or months of lost income can leave it struggling to turn a...
by Sarah Boehle Pool | Feb 7, 2018 | Latest News
Can you deduct home office expenses? Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction....
by Sarah Boehle Pool | Feb 5, 2018 | Latest News
2 tax credits just for small businesses may reduce your 2017 and 2018 tax bills Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available...
by Sarah Boehle Pool | Feb 1, 2018 | Latest News
Light a beacon to your business with a mission statement Every company, big or small, should have a mission statement. Why? When carefully conceived and well written, a mission statement can serve as a beacon to the world — letting everyone know what the business...
