Non-fungible tokens (NFTs) are rising in demand, and some brands… Read more »
What Are NFTs and How Can Businesses Benefit?
Category: Tax
Livestock – Depreciate? Inventory? Sell?
Livestock held primarily for sale by for-profit farmers must be included in inventory. However, livestock held for draft, breeding, or dairy purposes can either be included in inventory or depreciated. Learn more.
Stock Splits, Explained
Imagine selling slices of a large pizza. You can cut… Read more »
IRS Extends Deadline for Relief to Five Years Following Decedent’s Death
Announcement Results in Substantial Estate Tax Relief for Surviving Spouses… Read more »
Bonus Depreciation Changes Coming in 2023
TCJA allows 100 percent expensing of short-lived capital investments for 5 years, then a 20-percent phase-down schedule over the subsequent five. Learn more.
Net Investment Income Tax (NIIT): Taxpayer Burden After TCJA
Despite borrowing massive amounts of money, the government still needs… Read more »
CASE STUDY: Cost Segregation for Healthcare
This success story reviews an eye care facility located in… Read more »
The Financial Aftermath of Divorce
If you are going a through divorce, please put emotions aside and become comfortable with and fully understand the financial consequences of your settlement.
The IRS Is Evolving (Believe It or Not!)
It’s no secret that the backlog of tax returns to… Read more »
Measuring the Margins
Corporate profits, according to the Bureau of Economic Analysis, grew… Read more »