It’s Never Too Early for Tax Planning

It’s Never Too Early for Tax Planning

Benjamin Franklin once said, “to fail to plan is to plan to fail.” This adage certainly applies to tax planning....

How to Correct A Payroll Mistake

How to Correct A Payroll Mistake

Back Pay and Form W-2 Back pay, or back wages, is the difference between what an employee was actually paid...

Section 179 Deduction and the Bonus Deduction

Section 179 Deduction and the Bonus Deduction

The bonus deduction and the Section 179 deduction are tax incentives for businesses that purchase and use qualified business property....

Depreciation Basics for Tangible Property

Depreciation Basics for Tangible Property

With the exception of land, all tangible property generally loses value over time because it deteriorates (e.g., buildings or vehicles),...

New Leasing Standards Arrive for Private Companies

New Leasing Standards Arrive for Private Companies

The new Financial Accounting Standards Board (FASB) rules, which became effective on January 1, 2019, for public companies using a...

Cost Segregation: A Tax-Saving Strategy

Cost Segregation: A Tax-Saving Strategy

Depreciation is a reduction in the value of an asset over time resulting from wear and tear, deterioration or obsolescence....

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