Real Estate Investors: Is that expenditure a Repair or Improvement?
- February 7, 2020
- Posted by: Ryan Carriere
- Category: Real Estate, Tax, Uncategorized
Determining whether an expenditure is a repair (expense) to write-off in the current year or an improvement (capitalized) to depreciate over many years sometimes causes confusion for the real estate investor and even a CPA. As always, the decision for whether a cost is a repair or an improvement will require reviewing the facts and circumstances.
Vehicle mileage deduction rate increases for 2019
- March 21, 2019
- Posted by: Bill Jacob
- Category: Accounting & Bookkeeping, Tax
Just about every family-owned and closely-held business relies on vehicles to get things done. From company cars for the bosses to service vehicles and delivery trucks, and of course your employee’s cars being utilized for business purposes, these vehicles can add up to be a considerable expense of the course of the year. Thankfully, the
Ability to deduct business travel mixed with vacation is questionable
- August 1, 2018
- Posted by: Jen Gostovic
- Category: Tax, Tax Legislation
If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. However, be careful, as you may not be eligible for the deduction you’re expecting. General rules of the road Business travel expenses are potentially deductible if the travel is within