If you or any of your colleagues have ever tried to actually invest something into the real estate market, then you must know how many contradicting tax regulations there are in this field… We’re penning this handy article to get your facts straight on which exact things can be deducted against your taxable rental income.…
Category: News
Tax Credits and Deductions for Startups and R&D Companies
If you run a startup company these days and your yearly gross receipts account for less than $5 million now, then you have a pretty much fairytale-like option of asking the federal government for up to $250,000 in your R&D credits. This smart move will offset against your payroll tax liability rate. Already, this year…
How Modernizing Your Finances Benefits Your Bottom Line
When you are busy making sure that your company is doing well, modernizing your finance operations can seem like an excessive, unnecessary and not a priority-grade task. But believe our accounting experience here, the benefits of overhauling your business’ accounting system can save you tons of time and… money! Most SMB companies initially headquarter their…
Winter is coming for non-GAAP reporting
We’ve been warned about the downsides of non-GPA fiscal reporting numerous times this year… The most recent outcry came last Monday from IASB chair John Uoogervorst, who was ranting about “increasingly misleading” non-GAAP measures at the annual conference of the European Accounting Association. He basically simply mirrored similar comments spoken recently by the SEC chair…
How the Brexit Will Influence the Taxation?
Yeah, we’re gonna talk some politics today, but that’s just simply because this is definitely that kind of politics which will ultimately influence both the economics and the ways we do business. Recall, that ahead of the referendum, Prime Minister Cameron said in the event of a Brexit vote, he would be obliged to instantly…
Tax Season is Here (Again)
After spending more than third of a century practicing accounting and tax management, I can actually state that we had a pretty smooth tax season this year. Outside of a few incidents, such as the April 1 to April 18 final push, I found myself kind of calmer, and more stress-free than usual. However, there…
Can BEPS Help US Tax Reform Tomorrow?
John Saint-Amans, director of the Center for Tax Policy and Administration at the Organization for Economic Cooperation and Development (OECD), says that regardless of the common agreement amongst many of the pitfalls and the emergent need for reform of the US corporate tax system, “the change for US corporate tax reform has been so far…