Maximizing your deductions: Section 179 and Bonus Depreciation

Content The Phase-Out of Bonus Depreciation and Its Effect on Your Business Bonus Depreciation: The PATH Act and Beyond New Mexico Conformity Resources TURBOTAX ONLINE/MOBILE PRICING: Search form Bonuses for Businesses: Trump’s TCJA Incentivizes Real Estate Activity Computers and related peripheral equipment are not included as listed property. For more information, refer to Publication 946, […]

The Impact Of Missing Closing Entries On Financial Statements

Content What Is The Retained Earnings Formula? Overview: What Are Closing Entries? My Account Closing Entryexplained With Journal Entry Examples 3 3 Setting Data Selection And Sequence For Annual Close Accounting What Is A Post Step 1: Close All Income Accounts To Income Summary In financial modeling, it’s necessary to have a separate schedule for […]

What Is an Asset? Definition and Examples

Content Long-term investments Classification of Assets Accounting Formula What Are the Major Types of Liabilities? Different forms of insurance may also be treated as long-term investments. The base stock method has the company keep a certain level of stock, and the value is assessed based on the base stock. Not every type of asset can […]

Political Contributions and Expenses Paid by Businesses

Content Political Contributions as Public Relations or Advertising Expenses What Can You Deduct? State and Local Taxes SERVICES Charitable Contributions Although the IRS encourages charitable giving through tax breaks, the agency and the taxpayers it serves sometimes disagree on what constitutes a charity. To help solve this problem, the IRS maintains a list of each […]

How to Value Noncash Charitable Contributions

Content Ratings and Reviews Donation Value Guide – What is my Donation Worth? Appreciated property What you get from TurboTax’s free version Salvation Army Family Store App Claiming Business Income Tax Credits You’ll need to get most of your donations of items worth more than $5,000 appraised. You can’t really take a guess as to […]

How to Calculate Workers’ Comp Premiums

Content How are workers’ compensation premiums calculated? Annual rate notices Learn More About Workers’ Compensation From The Hartford How Is Workers’ Compensation Insurance Calculated? What is the most common cause of workers’ compensation? What Part Does Payroll Play in Workers Compensation? PEO can help How to Calculate Workers Compensation Cost Per Employeees save money on […]