To Capitalize or Expense…That is the Question
Businesses buy supplies, materials and equipment constantly. Repairs and maintenance on existing assets also recur frequently. How does your accounting department handle these outlays? The Internal Revenue Service (IRS) finalized regulations in September 2013 regarding whether expenditures were considered immediate… Read more→
Cray Kaiser Testimonial by Ken Pavett
It was the summer of 2010. Flexografix was still recovering after the losses we experienced during the 4th quarter of 2008, which extended to the company’s poor financial performance in 2009 and into 2010. When I first joined the CFBC, Judy… Read more→
2012 American Taxpayer Relief Act
The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income… Read more→