Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over…
Did you know that while many tax rules are permanent, others are written to expire at some point in the future? These expiring items are often granted a temporary extension, but a significant number of popular “extenders” terminated at the…
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over…
What does your tax return say about your financial situation? The fact is, the paperwork you file each year offers excellent information about how you are managing your money—and about areas where it might be wise to make changes in your financial…
2014 Tax Season to Open Jan. 31; e-file and Free File Can Speed Refunds IR-2013-100, Dec. 18, 2013 WASHINGTON — The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to…
Five tips for successful revenue recognition implementation By Ken Tysiac December 11, 2013 The top line on financial statements around the world is about to change. And companies need to move quickly to determine which personnel will be responsible for…
As of January 1, 2013, there is a 3.8% net investment income tax on some categories of passive investment income for individuals, trusts and estates that exceed certain income thresholds. As a result, it is in your best interest to…
Do you work at home or have a home-based business? If so, you should be aware that beginning this year, the IRS has created a simpler option for calculating the deduction for the business use of your home. The new…
Does your business qualify for the small business health care tax credit? If your company is wrestling with the cost of health care coverage for employers, this tax credit may help you offset your costs. It’s one of the many…
Did you know that the government shutdown has had an impact on your tax return? Because the shutdown prevented the IRS from doing some of its standard tax season preparation, the tax return filing season will begin a little later…