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Key Insights into Depreciation

Key Insights into Depreciation

Tags: real estate taxes, Sarasota CPA, Sarasota Quickbooks, Tax Planning Here are some key insights into depreciation, particularly regarding business or rental assets. When Does Depreciation Start? Technically, depreciation begins not when you use an asset but when...
HSAs For Business Owners

HSAs For Business Owners

Tags: Health Insurance, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning When enacted, the Affordable Care Act (ACA) eliminated most small-business health plans that reimbursed individually purchased health insurance. Consequently, many small business owners with...
Act Now! Get Your Safe-Harbor Expensing in Place

Act Now! Get Your Safe-Harbor Expensing in Place

Tags: CPA Sarasota, QuickBooks Bookkeeping, Sarasota Accounting, Tax Planning For 2024, you can elect the de minimis safe harbor to expense assets costing $2,500 or less ($5,000 with audited financial statements or similar). The term “safe-harbor” means that the IRS...