To Capitalize or Expense…That is the Question

Businesses buy supplies, materials and equipment constantly.  Repairs and maintenance on existing assets also recur frequently.  How does your accounting department handle these outlays? The Internal Revenue Service (IRS) finalized regulations in September 2013 regarding whether expenditures were considered immediate… Read more→

2012 American Taxpayer Relief Act

The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income… Read more→