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Coordinating Sec. 179 tax deductions with bonus depreciation Coordinating Sec. 179 tax deductions with bonus depreciationBusiness

Coordinating Sec. 179 tax deductions with bonus depreciation

Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal…
Diana
DianaApril 1, 2024
Nonprofits: Take another look at Inflation Reduction Act tax breaks Nonprofits: Take another look at Inflation Reduction Act tax breaksNonprofit

Nonprofits: Take another look at Inflation Reduction Act tax breaks

When the Inflation Reduction Act (IRA) became law in late 2022, you might have assumed…
Diana
DianaMarch 23, 2024
Mind the GAAP: How to ensure transparency when using non-GAAP metrics Mind the GAAP: How to ensure transparency when using non-GAAP metricsAccounting

Mind the GAAP: How to ensure transparency when using non-GAAP metrics

At Financial Executives International’s Corporate Financial Reporting Insights Conference last November, staff from the Securities…
Diana
DianaMarch 23, 2024
Bartering is a taxable transaction even if no cash is exchanged Bartering is a taxable transaction even if no cash is exchangedBusiness

Bartering is a taxable transaction even if no cash is exchanged

If your small business is strapped for cash (or likes to save money), you may…
Diana
DianaMarch 23, 2024
Making the most of your nonprofit’s social media accounts Making the most of your nonprofit’s social media accountsNonprofit

Making the most of your nonprofit’s social media accounts

When’s the last time you evaluated your not-for-profit’s social media strategy? Are you using the…
Diana
DianaMarch 23, 2024
How renting out a vacation property will affect your taxes How renting out a vacation property will affect your taxesIndividuals

How renting out a vacation property will affect your taxes

Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or…
Diana
DianaMarch 23, 2024
Beware of a stealth tax on Social Security benefits Beware of a stealth tax on Social Security benefitsIndividuals

Beware of a stealth tax on Social Security benefits

Some people mistakenly believe that Social Security benefits are always free from federal income tax.…
Diana
DianaMarch 15, 2024
B2B businesses: Assess customer credit carefully B2B businesses: Assess customer credit carefullyBusiness

B2B businesses: Assess customer credit carefully

Does your company operate in the business-to-business (B2B) marketplace? If so, you’re no doubt aware…
Diana
DianaMarch 15, 2024
How to minimize billing bottlenecks How to minimize billing bottlenecksAccounting

How to minimize billing bottlenecks

Managing accounts receivable can be challenging, especially in an uncertain economy. To keep your company…
Diana
DianaMarch 15, 2024
Maximize the QBI deduction before it’s gone Maximize the QBI deduction before it’s goneBusiness

Maximize the QBI deduction before it’s gone

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that,…
Diana
DianaMarch 15, 2024
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