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Posts from 2015

  • For Small Businesses: IRS Raises Tangible Property Expensing Threshold to $2,500; Simplifies Filing and Recordkeeping The Internal Revenue Service has simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital items. The change affects businesses that do not maintain an applicable ... Continue Reading
  • Tax Tips for Deducting Gifts to Charity This Holiday Season The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. Rules for Charitable Contributions of Clothing and Household Items Household items ... Continue Reading
  • Avoid Phishing and Malware to Protect Your Personal Data “Update your account now.” “You just won a cruise!” “The IRS has a refund waiting for you.” In the cyber world of phishing, the sentences are “bait” – lures from emails, telephone calls and texts all designed to separate you from your cash, your passwords, your social ... Continue Reading
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