Client Portal Pay My Bill
561.367.1040

Blog

Interest Rates on Residential Mortgages

Mortgage lenders have recently become more aggressive in seeking out residential mortgage loans. At the same time, interest rates in general, including those on residential mortgages, have fallen sharply. The willingness to make mortgage loans combined with these lower interest…

Read more

Award Points: What’s Includable in Taxable Income?

In its attempts to narrow the “tax gap” between what taxpayers report and what they legitimately owe, the IRS is cracking down on taxpayers who fail to report taxable income. For one married couple, the IRS claimed the value of…

Read more

Will the new repair regulations affect your business?

After years of work, the IRS has finally issued regulations clarifying for the business community when costs related to fixed assets must be capitalized and when they can be expensed. To expense or capitalize? What’s the difference? Generally, the cost…

Read more

Business Travel Per Diems May Simplify Expense Reporting

Reimbursing and substantiating business travel expenses can be a cumbersome, time-consuming process. Here’s how it traditionally works. Employees collect receipts as they travel and maintain records that note the time, place and business purpose of each expenditure. Then, they submit…

Read more

New IRS Guidance on Changing Accounting Method for Retail Inventory

Retailers often find accounting for merchandise inventory challenging and time-consuming, especially when they carry many different types of products. The retail inventory method simplifies the process by allowing taxpayers to approximate ending inventory without necessarily taking a physical inventory count….

Read more

Does Strategy Enhance Business Performance?

Part II: How to De-Complicate Strategy Strategy shouldn’t be something so complex it requires a weekend and a highlighter to comprehend. It also shouldn’t be left on the shelf, locked away in paragraphs upon paragraphs and pages upon pages of…

Read more

Can You Squeeze in a Home Office Deduction?

Normally, a taxpayer may qualify for home office deductions when he or she uses a separate room or clearly divisible space strictly for business purposes. But what if your place is so small that you can’t avoid at least some…

Read more

Does Strategy Enhance Business Performance?

Part I: How to Turn Strategy into Action The mere mention of strategy often evokes images of long discussions, debates over the semantics of a mission statement and whether or not you’ll be able to enact your vision. Yet the…

Read more