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Deduct Home Office Expenses — If You’re Eligible

Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Eligibility Requirements If you’re an employee, your use [...]

Institute of Internal Auditors Research Foundation Touts the Benefits of Outsourced Internal Audit

The Institute of Internal Auditors (IIA) recently released a report which examines outsourcing of internal audit activity. Over 50% of North American companies participating in the survey use third parties to support their internal audit [...]

Extension Means Businesses Can Take Bonus Depreciation on their 2015 Returns…

...But Should They? Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Protecting Americans from Tax Hikes Act of 2015 (the PATH [...]

Are you Starting 2016 in the Right Direction?

The U.S. and international economies are becoming more competitive every day. Many of us are competing for the same workforce; for others it may be the same customer, but we have to ensure that we [...]

File Early to Avoid Tax Identity Theft

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a [...]

Energy Efficient Tax Incentives

The Energy Policy Act of 2005 was enacted to provide immediate tax savings opportunities for energy efficient improvements. For commercial buildings, the Energy Policy Act of 2005 allows for a tax deduction of up to $1.80 [...]

Crowdfunding: Issues and Limitations

You may have been interested in or may have contributed to funding campaigns on sites such as Kickstarter. There are a number of fundamental issues relating to crowdfunding – is your payment a gift to the [...]

Key Provisions of the Protecting Americans from Tax Hikes Act

Congress finally passed an extenders package that includes some key tax provisions that go beyond 2015. While there are numerous provisions, the ones we are frequently asked about include: Section 179 deduction for up to $500,000 of [...]

Controlling Construction Costs

Construction and capital improvement projects can be complex financial expenditures for an organization, and present significant risks to the organization’s goals and objectives. Generally, organizations do not have construction cost experts on staff when they embark [...]

By | December 17th, 2015|Construction, Healthcare|