4 Tax Mistakes Construction Contractors Make
Whether purchasing a new piece of equipment to replace an outdated one or hiring extra help to handle a new project, owners and managers of contracting firms tend to focus on …
Year-End Tax Planning Checklist
2022 deadlines are approaching for many tax strategies and for making contributions to tax-advantaged accounts, such as IRAs and 401k retirement accounts. Meet with us to discuss the following: Having …
Using REITs As an Inflation Hedge
Nervous investors are now beginning to ask, “Could REITs help carry our portfolios through a likely inflationary stretch ahead?” REIT Rules The beauty of REITs is that investors can invest …
Denver Bronco’s Payoff Isn’t Deductible
Ordinarily, deductible business expenses include payments to settle disputes. But the IRS is clear that it will allow the deduction only if the argument arose from a business-related activity. When it comes to …
Annual Tax Adjustments for 2023
The Internal Revenue Service has released the tax year 2023 annual inflation adjustments for dozens of tax provisions, including the tax rate schedules and other tax changes. Here are some …
IRS Publishes 2022-2023 Special Per Diem Rates
According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or incurred …