An old business adage says, “Sales is a numbers game.” In other words, the more potential buyers you face, the better your chances of making sales. This isn’t completely true, of course; success also depends on execution. Nonetheless, when a… Read More
Blog
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IRS Grants Extra Days To Request Extension Following Winter Storms
IRS Grants Extra Days To Request Extension Following Winter Storms http://bit.ly/2Gobb07
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The IRS has $1.1 billion in old tax refunds but ‘time is running out’ to make your claim
The IRS has $1.1 billion in old tax refunds but ‘time is running out’ to make your claim http://cnb.cx/2GoMhgR
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Casualty losses can provide a 2017 deduction, but rules tighten for 2018
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return. For 2018 through 2025, however, the Tax Cuts and Jobs Act suspends… Read More
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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 weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed… Read More
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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