Consider Taxes Before Moving Out of State
With so many people working remotely these days, it’s become common to think about moving to another state — perhaps for better weather or to be closer to family. Many …
Claiming The Home Office Deduction
Many people have found themselves working from home during the COVID-19 pandemic. If you’re one of them, you might wonder, “Can I claim the home office deduction on my 2020 …
Is it time for a cost segregation study?
Because of the economic impact of the COVID-19 crisis, many companies may want to conserve cash and not buy much equipment this year. As a result, you may not be …
How to Report a Disaster on Financial Statements
The COVID-19 pandemic has provided many lessons for business owners. One is how to report the impact of a disaster on a company’s financial statements. Under U.S. Generally Accepted Accounting …
Keep This Tax Break in Mind – QIP
The Coronavirus Aid, Relief and Economic Security (CARES) Act fixed a legislative glitch that prevented businesses from claiming 100% bonus depreciation for qualified improvement property. This brief article describes the …