tax cuts and jobs act business

Tax-Free Fringe Benefits

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Tax-free fringe benefits are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with

2021-04-12T14:55:53-06:00November 13th, 2018|

Cash vs. Accrual Method of Accounting

Cash vs. Accrual Method of Accounting Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has

2021-04-12T14:55:54-06:00October 16th, 2018|

Cost Segregation Study – Accelerate Depreciation Deductions

Cost Segregation Study - Accelerate Depreciation Deductions Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. These studies combine accounting and engineering techniques to identify building costs that are properly allocable to tangible personal property rather

2021-04-12T14:55:54-06:00September 25th, 2018|
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