Topics: Depreciation & Section 179
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Treasury Carves out Special Rule for Nursing Homes for Interest Deduction
Good News! On July 27, Treasury issued final regulations on the interest deduction limitation. Nursing homes and other residential care facilities were specifically granted…
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New Rules Issued Limiting Interest Deduction will Affect Almost Everyone
The new rule limiting the deduction for interest expense goes into place in 2018. Under the new rule, a taxpayer can deduct interest only…
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Tax Planning Alert: Having too Many Losses will Hurt You
The 2017 Tax Cuts and Jobs Act made several very significant changes. One of the strangest is that a taxpayer can deduct no more…
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Tax Talk – The New Depreciation Rules
This issue of Tax Talk focuses on the new depreciation rules of the Tax Cuts & Jobs Act of 2017. Click here to download…
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How do Your Accounting Estimates Measure Up?
Today’s businesses face unprecedented uncertainty – from geopolitical risks and cyberthreats to tax and regulatory reforms. So, management’s historical means of addressing uncertainty in…
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When it comes to charitable deductions, all donations aren’t created equal
As you file your 2016 income tax return and plan your charitable giving for 2017, it’s important to keep in mind the available charitable…
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Deduct all of the mileage you’re entitled to – but not more
Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute…
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Is annual financial reporting enough?
Pease Bell February 10, 2017 Businesses generally issue year-end financial statements to let investors and lenders evaluate their financial health. But proactive stakeholders –…
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Ready, set, audit
If your business issues audited financial statements and follows a calendar year end, your external auditing procedures have already begun. At a minimum, you’ve…
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Why business entity matters when structuring an M&A deal
Taxes may not be the most exciting part of an M&A deal, but if you fail to consider how taxes will affect the final…