Month: December 2012

Get organized for Form 1099-K reporting

Get organized for Form 1099-K reporting Sometimes an ounce of advance planning can save a ton of future work. That’s true in the tax world, too, even for something as simple as the information forms you’ll find in your mailbox…

Review 2012 depreciation rules

Review 2012 depreciation rules Cost recovery, depreciation — whatever name you choose, the tax benefits of writing off the purchase price of your business assets continue to evolve. Here are current Section 179 and bonus depreciation rules that will apply…

It’s time to spend down your FSA account

It’s time to spend down your FSA account If you contribute to a Flexible Spending Account (FSA) to cover your out-of-pocket medical expenses, it’s time to review your remaining balance. Even if your employer extends the spending deadline to March…

Balance sheet analysis leads to better business decisions

Balance sheet analysis leads to better business decisions A well-prepared balance sheet contains a wealth of information. Assuming the asset, liability, and equity amounts are supported by accurate data, the relationship between the numbers — especially when compared with prior…