Insights
Insight and analysis from the Pease Bell team — on tax, audit, accounting, and the industries we serve.
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Estate Taxes: Do You Need to Worry About Them?
Most estates don’t owe federal estate taxes. Learn how exemptions, exclusions, and planning strategies determine your tax exposure.
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Hobby vs Business IRS: How the IRS Decides and Why It
Learn how the IRS distinguishes a hobby vs business, what the hobby loss rules mean for your deductions, and how to report hobby income…
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Current Expected Credit Loss Model
The CECL model replaces incurred loss accounting with forward-looking expected credit losses. Learn what the current expected credit loss standard requires.
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Educator Expense Deduction: What Teachers Can Claim
The educator expense deduction lets teachers deduct up to $300 in unreimbursed classroom costs, no itemizing required.
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Small Business Retirement Plan
A small business retirement plan like a SEP IRA, SIMPLE IRA, or Safe Harbor 401(k) can cut your tax bill and help you and…
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Trust Tax Rates: 3 Ways to Cut Income Taxes on Trusts
Trust tax rates hit the top federal bracket at a fraction of the individual threshold. Learn three strategies to lower income tax on your…
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Revenue Recognition Cutoff: GAAP Rules for Timing
Revenue recognition cutoff sets when to record revenue and expenses under GAAP. Learn the rules, ASC 606 impacts, and audit best practices.
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Coverdell Education Savings Account: A Tax-Smart Guide
A Coverdell ESA lets you save tax-free for K-12 and college costs. Learn contribution limits, qualified expenses, and 529 plan differences.
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All-Events Test: Deducting Accrued Warranty Claims
Learn when accrued warranty claims are deductible under the Sec. 461 all-events test, including economic performance and the recurring item exception.