Depreciation-related breaks on business real estate By: David M. Reape What you need to know to file your 2018 return Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the […]
IRS Section 199A Update By: Ed Decker The IRS has recently issued the final regulations on the qualified business income deduction (IRC section 199A) that was part of the Tax Cuts and Jobs Act (TCJA). A little […]
2019 Part B Fee Schedules & Industry Updates By: Steven Anderson The New Year brings many changes to the Long-Term Care Industry. We are pleased to provide you with updates on some of these changes. In this issue: 1. 2019 Part […]
Nonprofits: Look before you leap international borders By: Helen Weeber Many not-for-profits look beyond the United States to boost revenue. They recruit members, sell products, promote conferences or solicit donations abroad. But it’s important to look before you leap borders; […]
How successfully has your nonprofit shifted from overhead to impact? By: Helen Weeber In the not-so-distant past, charity watchdog groups such as GuideStar, Charity Navigator and the Better Business Bureau’s Wise Giving Alliance were notorious for giving overhead ratios significant weightings in their […]
Stop receivables fraud before it starts By: Tony LaNasa From invoices and payments to discounts and write-offs, many business transactions are recorded to accounts receivable. This makes receivables a popular fraud target. But your business doesn’t have to become […]
Higher mileage rate may mean larger tax deductions for business miles in 2019 By: David M. Reape This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As […]
Charitable donations: Unraveling the mystery of motivation By: Helen Weeber Traditionally, Americans have supported charities not only for tax breaks and a vague sense of “giving back,” but also for a variety of other financial, emotional and social reasons. Understanding […]
How experts use tax returns to find hidden assets By: Tony LaNasa Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy to misrepresent. Here’s how experts […]
Is there still time to pay 2018 bonuses and deduct them on your 2018 return? By: Kate Protsenko-Blake CPA There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 […]
Are your volunteers putting your nonprofit at risk? By: Helen Weeber Not-for-profits that direct and benefit from the actions of their volunteers can be held accountable if those individuals are harmed or harm others on the job. Lawsuits involving volunteers often […]