depreciation
Simplified Home Office Deduction
Are you tired of spending hours figuring out how much you can deduct for your home office? Good news for you as the Internal Revenue Service announced a simplified option that many owners of home-based businesses and some home-based workers … read more
Hodgepodge of Tips for 2012
Prepare a Post-Mortem Letter Review or prepare a post-mortem letter to your spouse spelling out the location of your assets, insurance policies and property (assets of a deceased are often lost because a spouse may not be aware of them … read more
IRS Increases Mileage Rate to 55.5 Cents Per Mile
On June 23, 2011, the Internal Revenue Service announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile … read more
Tax Relief Act Provides Businesses with Enhanced Investment Incentives and More
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, passed by the Senate Dec. 15 and the House Dec. 16, may be best known for extending lower income and capital gains tax rates for individuals. But the … read more
Telecommuting
Many employees are now telecommuting rather than traveling to work every day. With the rapid growth of technology, telecommuting is becoming more and more accessible. Telecommuting can free up office space, save on commuting costs, and provide employees with more … read more
Valuing Charitable Contributions of Property
It is especially important in tough economic times like these that we help others. One great way to help is to contribute property that you no longer need or use to a qualified charitable organization. Generally, the amount of the … read more
Cost Segregation Can Generate Extra Cash Flow
For owners of real estate, a Cost Segregation study can increase the cash flow from the property by accelerating depreciation deductions. How does it work? A Cost Segregation study is the process of analyzing the cost components of a real … read more