Month: March 2017

Consider Section 179 Deductions for Real Estate Expenses

The Section 179 deduction for qualified real property expenses was made permanent under the Protecting Americans from Tax Hikes (PATH) Act of 2015. However, claiming this deduction isn’t a no-brainer. Here are the pros and cons. Section 179 Deductions: The Basics The Sec. 179 deduction allows you to write off qualified expenses in the year […]

Posted In: Tax Advisor, Tax Deductions, Tax Filing

Train Employees to Avoid Cybercrime

In an era of hyper-connectedness and a burgeoning global cybercrime industry, you can’t afford to hope you’ll just be lucky and avoid a successful attack. It’s essential to establish policies and procedures to minimize risk and train employees on how to protect your company. The basic kinds of criminal acts you need to guard against […]

Posted In: Business

Seniors: Consider These Tax Breaks When Filing for 2016

Are you an “experienced” taxpayer? Here are a couple of age-based tax breaks that seniors shouldn’t overlook when filing their 2016 returns. 1. Claim Your Rightful Medical Expense Deductions If you’re 65 years of age or older, you may have fallen into the habit of automatically claiming the standard deduction instead of itemizing your deductions. […]

Posted In: Tax Advisor, Tax Deductions, Tax Filing

Handling Interest Expense on Loans to Inject Capital

There are instances when you can write off interest on personal loans used for business purposes, such as injecting capital into an S corporation, multi-member LLC, partnership or C corporation. But keep in mind that interest expenses must be classified into one of four categories (see box at the bottom of this article for details). Different […]

Posted In: Tax Advisor, Tax Deductions, Tax Filing

PCI Compliance: Protect Customer Information

The explosion in the use of debit and credit cards is not without a downside. As more and more credit cards are provided to merchants, the potential that the information will be stolen also increases. Consumers expect their card information will be handled by merchants in a secure manner. When card data is stolen, consumers […]

Posted In: Business

Build Teams for Growth and Success

Teamwork. It’s a common enough term these days, and well-known companies such as General Electric, 3M, Texas Instruments and Federal Express have been using it to their advantage for decades. Now an increasing number of businesses have taken up team building for growth, efficiency and competition. Cohesion in Japan It begins early in childhood. Japanese […]

Posted In: Business