Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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What 2015 tax records can you toss once you ve filed your return?
THE SHORT ANSWER IS: NONE. YOU NEED TO HOLD ON TO ALL OF YOUR 2015 TAX RECORDS FOR NOW. BUT THIS IS A GREAT…
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Tax scams take many forms
AVOID TAX SCAMS WITH VIGILANCE AND COMMON SENSE. Scammers have targeted US taxpayers for decades with various schemes, often times posing as the Internal…
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Entrepreneurs what can you deduct and when?
WHAT A NEW BUSINESS OWNER NEEDS TO KNOW ABOUT START-UP COST DEDUCTIONS. Starting a new business is an exciting time. But before you even…
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Tax smart gifting strategies
3 INCOME-TAX-SMART GIFTING STRATEGIES If your 2015 tax liability is higher than you’d hoped and you’re ready to transfer some assets to your loved…
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Make a 2015 contribution to an ira before time runs out
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can…
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Benefits related small businesses tax credits
WHAT’S YOUR CHARITABLE DONATION DEDUCTION? When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return…
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Major shift in lease accounting could cause major headaches
ALMOST EVERY COMPANY LEASES EQUIPMENT OR REAL ESTATE AND FOR DECADES, THEY WEREN’T REQUIRED TO REPORT MANY LEASE-RELATED ASSETS AND LIABILITIES ON THEIR BALANCE…
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Following the new path
RECENT TAX LAW EXTENDS DEPRECIATION EXPENSING TAX BREAKS – AND MORE Manufacturers and distributors tend to invest heavily in equipment, technology upgrades and leasehold…
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Education related tax breaks
IF THERE WAS A COLLEGE STUDENT IN YOUR FAMILY LAST YEAR, YOU MAY BE ELIGIBLE FOR SOME VALUABLE EDUCATION RELATED TAX BREAKS ON YOUR…