Can you believe it? The end of summer is approaching and Sage Intacct has launched its third quarterly update last Friday, August 23rd. With each update comes powerful changes that strengthen and enhance the usability of the software... So what does https://deandorton.com/sage-intacct-release-3-highlights/
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The CARES Act and the Real Estate Industry – a Four Part Series
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law by the President on March 27, 2020. This was not the first, and is likely not to be the last, economic stimulus package that will arise from the pandemic. This https://deandorton.com/the-cares-act-and-the-real-estate-industry-a-4-part-series/
Few Changes to Retirement Plan Contribution Limits for 2017
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2017. The only limit that has increased from the 2016 level is for contributions to defined contribution plans, https://deandorton.com/retirement-plan-2017/
The “Manufacturers’ Deduction” Isn’t Just for Manufacturers
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses besides manufacturing https://deandorton.com/manufacturers-deduction-2/
1099-Ks: Reconciling Today Can Minimize Audit Headaches Tomorrow
The IRS requires payment settlement entities (“PSEs”) to report to the IRS the gross dollar amount of card or third-party network payments processed for participating payees. PSEs include credit or debit card issuers (like American Express or Visa) https://deandorton.com/1099-ks-reconciling-today-can-minimize-audit-headaches-tomorrow/
GASB Statement 72 – Fair Value Measurement and Application
Part 1 of 2 In February 2015 the Governmental Accounting Standards Board (GASB) issued GASB Statement 72, Fair Value Measurement and Application. The Statement is designed to bring more clarity to areas of uncertainty related to fair value measures https://deandorton.com/gasb-statement-72-fair-value-measurement-application/
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 of your home office must be for your https://deandorton.com/deduct-home-office-expenses-youre-eligible/
The Red Flag Report
In today's regulatory environment, companies must be proactive in addressing environmental and safety concerns. A third-party hotline encourages disclosure of critical issues and protects both the company and its employees. Voluntary Protection https://deandorton.com/the-red-flag-report/
Combine Business Travel and a Family Vacation Without Losing Tax Benefits
Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if you’re not careful, you could lose the tax benefits of business travel. Reasonable and https://deandorton.com/business-travel-family-vacation/
Combining Business and Vacation Travel: What Can You Deduct?
If you go on a business trip within the United States and tack on some vacation days, you can deduct some of your expenses. But exactly what can you write off? Transportation expenses Transportation costs to and from the location of your business https://deandorton.com/business-vacation-travel/