by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
This is a useful library of some IRS publications covering issues that can affect businesses and employers. The rules are often complicated and can be difficult to implement. Contact your tax adviser for more information. Title Publication Number Description Basis...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning, Tax Preparation
The Protecting Americans from Tax Hikes (PATH) Act of 2015 locked in favorable depreciation rules for business use of “heavy” SUVs, pickups and vans. You may be able to write off the entire business-use portion of a heavy vehicle’s cost in the first...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, IRS Regulation, Tax Planning, Tax Preparation
Under the Protecting Americans from Tax Hikes (PATH) Act of 2015, many tax breaks have been retroactively expanded for 2015 and beyond, and in some cases been made permanent. Now that the new law has settled, individuals and small business owners can plan ahead with...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
It happens all the time. Shortly after filing their tax returns, many taxpayers discover a deduction they overlooked or some income that should have been included. You might find yourself needing to change things on your tax return; maybe due to a discovery of a...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
The exchange of intangible property involves a two-part test. Yes, you can arrange a tax-deferred exchange of your company’s intellectual property — for example, copyrights, patents or trademarks — with another company. However, the IRS imposes...
by Royer Advisors | Dec 11, 2024 | Business Plans, IRS Regulation, Tax Planning
Since 1991, the $7.25 per hour federal minimum wage has been in place. The inflation-adjusted wage would have to be $12.68 to have the same purchasing power today, according to the CPI Inflation Calculator from the U.S. Bureau of Labor Statistics. President Obama has...
