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 weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed… Read More
Blog
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Spring cleaning: Review your nonprofit’s programs — and possibly replace some
Has your not-for-profit’s program lineup remained unchanged for at least a couple of years? If so, consider using the tradition of spring cleaning to review your offerings. Some of your programs might be due for replacement. Clear out the closets… Read More
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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. Many people who are moving their business use… Read More
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Simplified Disclosure Rules Required by FAST Act May Be Finalized in 2018
Simplified Disclosure Rules Required by FAST Act May Be Finalized in 2018 – Thomson Reuters Tax & Accounting http://tmsnrt.rs/2G0FsSI
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IRS issues new tax rate tables, inflation adjustments for 2018
IRS issues new tax rate tables, inflation adjustments for 2018 http://bit.ly/2H9IzqF
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Size of charitable deductions depends on many factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift… Read More
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Calling all CPAs – you should run for office
Calling all CPAs – you should run for office http://bit.ly/2FneFyA
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The IRS Is Cracking Down On Cryptocurrency Transactions. Here’s What That Means For You
The IRS Is Cracking Down On Cryptocurrency Transactions. Here’s What That Means For You http://ti.me/2D0S0GF
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Credit losses: May the force be with your mission to CECL
Credit losses: May the force be with your mission to CECL http://bit.ly/2D1s7Xh
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It’s time for nonprofits to embrace the cloud
Cloud computing promises lower technology costs and greater efficiency and productivity. Yet many nonprofits have yet to move to the cloud, possibly because their staffs are smaller and their IT expertise is limited. Fortunately, cloud computing is a simple concept… Read More