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Resources

Below you will find resources on a variety of subjects including articles chosen to help inform you of current issues.

The information presented below is general in nature. There may be exceptions to the rules which are not covered here. Please check with us for more detailed information on how these issues apply to your situation.

 

Selling your business: When is value highest?

There are many reasons to sell your business. Because it’s going downhill isn’t the best one – not if you want to recoup the value of your hard work. Businesses have a life cycle, much like people and other living things. The length of each stage is dependent on many variables – the owners, the Continue Reading...

How to Turn Your Vacation into a Tax Deduction

Have you ever wondered how you could turn you turn your vacation into a tax deduction? Check out our May 2015 newsletter: http://www.ktwd.biz/newsletter Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did–and was able to legally deduct every dime that he spent on his Continue Reading...

Depreciation deductions could be lost due to new IRS rules

Note:On February 13, 2015, the IRS issued Revenue Procedure 2015-20 which changes the rules/issues for qualifying small taxpayers. However, for taxpayers with Gross Revenue or Assets over 10 million, the issues remain the same. The Internal Revenue Service has issued new regulations that deal with the types of property that need to be capitalized vs. Continue Reading...

IRS Announces 2015 Standard Mileage Rates

The IRS has announced the vehicle standard mileage rates for 2015. The business use rate is going up while the medical and moving rates will be going down. For business use of a car, van, pickup truck, or panel truck, the 2015 rate will be 57.5 cents per mile. Medical or moving mileage may be Continue Reading...

Safeguarding against expense reimbursement fraud

A close examination of employee and contractor expense reports may save more than just money. Your organization’s reputation could be at risk. Plenty of public and governmental entities have been exposed in the media for lavish entertainment practices by their employees. Knowing what to look for can help you spot problems before your crisis response Continue Reading...