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Is it time to upgrade your business’s accounting software?

by DunlapSLK | Aug 16, 2024 | Resources For Employers, Uncategorized

By now, just about every company uses some kind of accounting software to track, manage and report its financial transactions. Many businesses end up using several different types of software to handle different accounting-related functions. Others either immediately...

Coordinating Sec. 179 tax deductions with bonus depreciation

by DunlapSLK | Aug 12, 2024 | Resources For Employers, Uncategorized

Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions and first-year bonus depreciation deductions. These...

How renting out a vacation property will affect your taxes

by DunlapSLK | Aug 2, 2024 | Resources For Individual Taxpayers, Uncategorized

Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may wonder about the tax implications of renting it out for part of the year. Count the days The...

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