Skip to content

CATEGORIES

SME CPA BLOG

Boost your 2016 deductions by buying a business vehicle this year

November 28, 2016

If you’re looking to boost your deductions — and reduce your 2016 tax bill — you may want to consider purchasing a business vehicle before year end. Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, which allows you to immediately deduct, rather than depreciate over a period of years,…

Read More

Fair value reporting: What it means to the FASB and you

November 23, 2016

In 2002, the Financial Accounting Standards Board (FASB), as part of its move toward international financial reporting convergence, began to transition from the principle of historic cost to fair value reporting. Fair value estimates are now used to report such assets as derivatives, nonpublic entity securities, certain long-lived assets, and acquired goodwill and other intangibles.…

Read More

Your Current Federal Tax Scene

November 15, 2016

Year end is rapidly approaching. It’s now time to consider making some moves that will lower your 2016 tax bill and get you into position for tax savings in future years. This article offers some year-end planning tips for individuals — while keeping the results of the recent election in mind. Current Federal Tax SceneThe…

Read More

Contact Us

Have a question or want to discuss your specific need? Contact Us or submit your inquiry using the form below.