Are you planning to construct a new building or start a major building remodel?
- January 20, 2014
Are you planning to construct a new building or start a major building remodel? If so, there are several items that...
How to Calculate the Kiddie Tax
- January 6, 2014
A child with earned income above a certain dollar amount is generally required to file their own individual tax return. However,...
How will expiring tax provisions affect businesses at the end of 2013?
- December 16, 2013
The tax code contains many provisions that are considered temporary and will expire after a set period of time. The end...
Reduce Your Tax Liability with Estate and Gift Tax Planning
- December 9, 2013
Take advantage of the following estate planning techniques to reduce your estate and in some instances your income tax burden. Use...
New Repair and Maintenance Regulations: Part II Safe Harbor De Minimis Rule
- December 2, 2013
ALERT: ACTION NEEDED BY DECEMBER 31, 2013 Your business may need to adopt a written accounting policy by December 31, 2013...
New Repair and Maintenance Regulations: Part I Materials & Supplies
- December 2, 2013
Businesses have forever struggled with the issue of when to deduct amounts paid for the acquisition, production, or improvements of tangible...
Claiming Enhanced Code Sec. 179 Expensing for 2013
- November 25, 2013
Code Sec. 179 is a provision aimed at assisting small businesses that allows taxpayers to expense the cost of qualified property...
Ensure Your Charitable Donation Goes to Legitimate Organization
- November 18, 2013
Americans donate hundreds of millions of dollars every year to charity. It is important that every donation be used as the...
FAQ: How-to Report Rental Income and Expenses
- November 11, 2013
written by Kevin Hogan Reporting income from renting out your second home depends on how many days the property was rented...