Margins and Profits.

What number on your income statement is the most important to be accurate after your top line sales? Undoubtedly this is your gross margin dollars and as a percentage of top line revenue because this determines the level of overhead that the business can support...

Capital Expenditures De Minimis rule

Capital Expenditures – De Minimis Safe Harbor Election (Reg. 1.263(a)-1(f);-1(g);-1(h)) The IRS has issued Final Regulation 1.263(a)-1(f) providing a de minimis safe harbor election for amounts paid to acquire or produce tangible property. In the case of a taxpayer...