Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the
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You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year
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If your business involves the production, purchase or sale of merchandise, your inventory accounting method can significantly affect your tax
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Could your company’s benefits package use a bit of an upgrade? If so, one idea to consider is adding an
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There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if
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Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computer
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Employers who offer retirement savings plans are already helping their workforces. But not all employees take advantage of these plans.
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Income tax generally applies to all forms of income, including cancellation-of-debt (COD) income. Think of it this way: If a
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The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might
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