Tangible Property Regulations Issued Guidance affects all taxpayers who acquire, produce or improve tangible property The IRS issued Treasury Decision 9636, which included 222 pages of guidance regarding the deduction and capitalization of expenditures related to tangible property. Tangible property in a business is anything that can be touched. Three …
The IRS requires documentation when it comes to claiming deductions and tax credits. Though the IRS doesn’t require any special method for …
Built-in Gains Tax Often confusing, here’s what you need to know about this Built-In Gains Tax Business. When a C corporation converts …
QUICK SMALL BUSINESS TAX TIP #1: Proper year-round record-keeping is the first step to ensure your taxes are filed accurately. Save essential …
Beginning in 2012, companies that process credit card payments were required to report the gross amount of previous year payments on Form …
Small business owners: should you lower your price or invest in making your product or service better? I love what Seth Godin …
You’ve probably heard that ‘Timing is Everything in Life’, and you certainly know that your taxes are due on April 15th, if …
Here’s some great advice from the National Association of Tax Professionals! Does Your Business have a Website? If so, you may be …
Keeping a healthy home Here you can find some tips to keep your family healthy and happy. We all do our best …