Business Valuation

If you know the actual fair market value of your business, then you are in possession of a very valuable tool. Some pundits go so far as to say that business valuation is one of the most important concepts in finance. While that might be debatable, there is no question that every business owner should […]

Plan to Best Defer or Acceleration

Defer/Accelerate Income   Most small businesses utilize cash basis of accounting for their taxes, may defer their current billing and collection efforts to future year, if they believe to have less income or predict the tax rates will be lower next year, and their conduct doesn’t violate any laws. Conversely, if they believe they will have more […]

Benefits to Accelerated Expensing of Assets

First Year Bonus Depreciation The bonus depreciation expense for property acquired and placed in service during 2016 has been extended through 2019. The amount of deprecation is 50 percent for cost of property placed in service during the year, in addition to regular deprecation.   Section 179 Depreciation Under IRC Section 179, now permanent and indexed […]