Nov 28, 2016 | Firm Updates, Small Business
In order to take advantage of two important depreciation tax breaks for business assets, you must place the assets in service by the end of the tax year. So you still have time to act for 2016. Section 179 deduction The Sec. 179 deduction is valuable because it allows...
Nov 23, 2016 | Firm Updates, Small Business
Last month we provided information about the new Fair Labor Standards Act (FLSA) regulations that were set to be implemented on December 1, 2016. Those new regulations are now suddenly on hold after a federal judge in Texas ruled in favor of a preliminary injunction...
Nov 21, 2016 | Firm Updates, Small Business, Tax Tips
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill. Record and recognize The key to saving tax as an accrual-basis taxpayer is to properly record and...
Nov 14, 2016 | Firm Updates, Small Business
The election of Donald Trump as President of the United States could result in major tax law changes in 2017. Proposed changes spelled out in Trump’s tax reform plan released earlier this year that would affect businesses include: Reducing the top corporate income tax...
Nov 8, 2016 | Firm Updates, Small Business
Saving for retirement can be tough if you are putting most of your money and time into operating a small business. However, many retirement plans are not difficult to set up, and it is important to start saving so you can enjoy a comfortable future. So if you haven’t...
