From time to time when we pick up new clients we find that the depreciation deduction that was taken for a client is incorrect. This can result from using an incorrect life or method of depreciation for a particular asset or group of assets, or from an asset never being depreciated. In addition to the obvious loss of a deduction, it can also have negative results when you sell an asset that was used in your trade of business.
A question we are sometimes asked is, "What impact did The American Taxpayer Relief Act of 2012 have on estate and gift tax rules?" It's a good question. Let's talk about it.
Tags: American Taxpayer Relief Act of 2012, Estate and Gift Tax
In our last article, we discussed identifying the services you want an accounting firm to provide, the first step in selecting an accounting firm.
As a company grows, so does its accounting and informational needs. When you are deciding on a new accountant or accounting firm to work with, what steps do you take to help make sure you find one who will meet your needs?
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