by Tiffany Mellow | Jun 5, 2024 | Bookkeeping, Business Tax Deductions, Business Taxes, Non-Profit Taxes
Here are some crucial insights into depreciation, particularly regarding business or rental assets. When Does Depreciation Start? Technically, depreciation begins not when you use an asset but when it’s ready and available for its intended purpose. For instance: A...
by Tiffany Mellow | May 1, 2024 | 1099's, Bookkeeping, Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes
For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships and on certain other business entities. No...
by Tiffany Mellow | Apr 20, 2024 | General, Personal Accounting
In today’s digital society thank you cards have disappeared as have handwritten notes of appreciation, having been replaced by e-mails, or nothing at all. So many times, over the holidays I dealt with a cashier, or store employee that failed to say thank you when I...
by Tiffany Mellow | Mar 11, 2024 | Business Accounting, Business Taxes, Personal Taxes
From the desk of James E. George Tax season is here! My staff and I recently met and discussed this upcoming tax season. We reviewed last year’s notes regarding what worked well and what we wanted to improve. We also read and discussed the responses we received to our...
by Tiffany Mellow | Dec 30, 2019 | Personal Tax Deductions
The end of the year is drawing close and we are getting many calls for ideas on how to save on 2019 income taxes. Not every idea below may apply to your situation, but the following moves collectively could save you significant tax dollars! Parents may qualify for...
