October 22, 2013
Wayne Naegele
Articles, Blog Posts
0 CommentsAre You at Risk for Fraud? Identify your Risk and Protect your Organization from Internal Fraud Do you know your organizations risk for fraud? Just when everything seems to be going well, internal fraud can derail even the best run company. Understanding the value of internal controls and the critical importance of reviewing those […]
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October 17, 2013Andrew PrestiArticles, Blog Posts0 CommentsBonus depreciation will expire for most taxpayers at the end of 2013 unless Congress extends the provision. A 50-percent bonus depreciation deduction (the “special first-year depreciation allowance”) is allowed for the first year that qualifying property is placed in service. Bonus depreciation is available for property acquired after December 31, 2007 and acquired and placed […]
Read moreOctober 10, 2013Andrew PrestiArticles, Blog Posts0 CommentsThe IRS has issued much-anticipated final “repair” regulations that provide guidance on the treatment of costs to acquire, produce or improve tangible property. These regulations take effect January 1, 2014. They affect virtually any business with tangible assets. The IRS has estimated that about 4 million businesses must comply. At a length of over 200 […]
Read moreOctober 03, 2013Wayne NaegeleResource0 CommentsAs an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This tax compliance calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of October 2013. October 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates September […]
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September 30, 2013Steve GrgasArticles, Blog Posts, P&N News0 CommentsSometimes you get lucky: you capitalize on a new technology, build a business, and within a few short years sell it for 126,315 bitcoins (+/- $11.4M), as Erik Voorhees did with SatoshiDice. The other 99% of entrepreneurs, unfortunately, spend much of their adult lives building and maintaining their businesses. At some point, whether you are […]
Read moreSeptember 17, 2013Steve GrgasArticles, Blog Posts0 CommentsSeptember is here and school is back in session. Your kids are one year older and hopefully one year closer to heading off to college. Whether that prospect excites you or terrifies you probably depends on the day, but the specter of college tuition is a constant. Regardless of whether your children are starting kindergarten […]
Read moreSeptember 17, 2013Steve GrgasArticles, Blog Posts0 CommentsSmall employers will be able to purchase health insurance for their employees for 2014 and subsequent years through Small Business Health Options Program (SHOP) Marketplaces. Many of these small employers may also be eligible for the Code Sec. 45R tax credit that helps to offset the cost of insurance. In August, the IRS issued new […]
Read moreSeptember 16, 2013Andrew PrestiArticles, Blog Posts0 CommentsIncentives Provide Opportunity for Tax Relief If you’ve been paying attention to the news lately, you are probably aware that many small business owners are likely to see larger tax bills in the near future. From increases in personal income tax rates, to capital gains and dividends rate increases, and additional taxes stemming from healthcare […]
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