TAXPAYERS MAY CHOOSE to take advantage of the de minis safe harbor election under the new tangible repair regulations, as we discussed last month. However, there are other available elections that may better suit your business. The safe harbor election for small businesses and the election to capitalize repair and maintenance costs will alleviate the […]
Repair regulations: Available elections (Part 4) Read More »
MANY OF YOU reading this article may have already noticed that your tax preparer gave you an additional form to sign this year, Form 3115, Application for Change in Accounting Method. One of the most common questions when it comes to the new tangible repair regulations is, “Why are we changing our method of accounting?”
Repair regulations: Changing your method of accounting (Part 2) Read More »
Many agriculture lenders are now requiring companies to have financial statements prepared by a certified public accountant. When it is determined that your company needs to have CPA-prepared financial statements, there are a few areas to consider.
When financial statements are required Read More »
