Let’s get this out there first: The IRS had created a crazy situation. They’d changed the rules about how businesses and investors should account for … [Read more...] about Revenue Procedure 2015-20 a Face Punch for Tax Accountants
Are You Kidding Me? An Update on the TPR Accounting Changes Mess
I can't believe it. I really can't. After years of fiddling-faddling with the regulations for tangible property accounting—including lengthy … [Read more...] about Are You Kidding Me? An Update on the TPR Accounting Changes Mess
Why New Unit of Property Rules Are Important
2/17/2015 Update: Information about our e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. For 2014 … [Read more...] about Why New Unit of Property Rules Are Important
How to Prepare Form 3115 for the New Tangible Property Regs
2/17/2015 Update: Information about our e-book appears at the bottom of page—and that ebook has been updated to reflect Revenue Procedure 2015-20. You … [Read more...] about How to Prepare Form 3115 for the New Tangible Property Regs
How to Not to Become a Billionaire
Peter Thiel in his recent book From Zero to One makes a bunch of interesting, useful points about entrepreneurship. Thiel, as you may already know, … [Read more...] about How to Not to Become a Billionaire
Are One-person S Corporations Illegal?
A client came into the office the other day and mentioned she had heard one can’t use an S corporation for a one person business or for … [Read more...] about Are One-person S Corporations Illegal?
TPRs: A Guide for Small Businesses and Real Estate Investors
2/17/2015 Update: Information about our TPRs e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. Mid-year, … [Read more...] about TPRs: A Guide for Small Businesses and Real Estate Investors
Benchmarking for Better Financial Results
The American Institute of Certified Public Accountants (AICPA) just published a guest post (see here) I recently wrote about the online dynamic … [Read more...] about Benchmarking for Better Financial Results
Does the Vanguard Personal Financial Plan Work for Small Business Owners?
A few days ago, Vanguard prepared a personal financial plan for me. I actually have a personal financial plan already—one prepared based on the … [Read more...] about Does the Vanguard Personal Financial Plan Work for Small Business Owners?
Stress Tests for Your Small Business
I did a think week last month and used much of the time to read several of the “second wave” books about the recent financial crisis, including former … [Read more...] about Stress Tests for Your Small Business