Tax Planning for Business Year End

Tax planning for Business year end We are approaching the end of the fiscal year for many business clients and all personal clients. This is a good time to ask your tax professional for help in making some important decisions. Here are some tax saving ideas: If you...

Accounting and bookkeeping made easy

Quickbooks Proadvisor Quickbooks desktop or online is a very convenient, efficient and cost effective way to keep track of all your business transactions. The online version is particularly user friendly and allows the business owner to invite an external accountant...

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...