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...
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...
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...
by DunlapSLK | May 10, 2024 | Resources For Employers, Uncategorized
UPDATE: As of July 1, 2024, the DOL final rule is now in effect. The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is slated...
by DunlapSLK | May 10, 2024 | Resources For Individual Taxpayers, Uncategorized
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and adoption of a range of energy efficient improvements. In particular, the law includes funding for nearly $9 billion in...
by DunlapSLK | Oct 5, 2023 | COVID-19 Industry & Company Update, Resources For Employers, Uncategorized
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of honest...
