Content How to Find Your Tax Liability on the 1040 Form How to Calculate Your Tax Liability How to Estimate Your 2019 Tax Liability – An Example steps to improve your tax provision calculation process and results Capital gains tax liability An entity undertaken a business combination which results in the recognition of goodwill in […]

Tools that employees are required to use for work are deductible, as well as required equipment. If you require employees to have specific tools or equipment, for example in a dental office, your business can deduct Which Business Attire Can Be A Business Expense? the cost of those tools. Employees should not be able to […]

Content Overview of New York Taxes Tax Inheritance and Estate Tax Schedule a Tax Allocation Consultation with the Attorneys at Hodgson Russ LLP Calculate Your Income Taxes in These Other States Compare Your After-Tax Income To Other States So if you owe $5,000 in taxes and are eligible for a tax credit of $500, you […]

Instead of including these amounts in the adjusted basis of the property, you can deduct the costs in the tax year that they are paid. You must treat an improvement made after 1986 to property you placed in service before 1987 as separate depreciable property. Therefore, you can depreciate that improvement as separate property under […]

Content SOAR Financial Forensics & Valuation ServicesSOAR FFVS icon Commission fraud: When salespeople get paid more than they’ve earned Payroll Service Transfer credits Latest Tax Update! Fortunately, a certified tax accountant can help manage your financial records and income tax filings, so you don’t have to stress. Accountants are responsible for the analysis of a […]

Content Trust accounting Messing Up With Trust Accounts Find a law firm accountant or bookkeeper Outsourced Accounting for Lawyers and Law Firms Once you’ve determined what kinds of payments your firm will accept, you’ll then need to choose a payment provider to work with. The first thing you should do if you think you’ve messed […]

Content Bookkeeping vs. Accounting: Learn the Difference Accounting software: An alternative to hiring an accountant or bookkeeper Accounting software The Dissimilarities between Bookkeepers and Accountants The Difference Between Bookkeeping and Accounting As a business owner, you don’t always have the time and knowledge to record and analyze your company finances, set up payroll, prepare for […]