Insights by Author: Devin Witt

Section 174 Research Deduction Changes for 2022

November 19, 2021

Have you been deducting your R&D expenses as they occur? Starting in the new year, that…

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Can I Claim a Home Office Deduction During COVID?

August 11, 2020

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces…

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Tax Tips for Law Firms

January 31, 2020

Whether you’re a partner or an associate in a law firm, the IRS has rules that…

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Tax Deductions from Land Donations Under Scrutiny

January 16, 2020

The IRS announced that they will be keeping a watchful eye on certain land donation deals…

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CA, You’re Not Alone – Treasury Bans All SALT Deduction Workarounds

July 30, 2019

The Treasury Department and the IRS recently issued final regulations blocking all states from trying to…

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IRS Released Safe Harbor Guidance for Vehicle Deductions

April 3, 2019

The IRS recently released a safe harbor method that harmonizes 100% bonus depreciation with the annual…

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Teach Them Young – How to Leverage Summer Job Salaries

July 31, 2018

If you want to teach your child the value of a dollar this summer, take a…

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New Bill Delays Three Taxes

April 9, 2018

The president signed a “continuing resolution” on January 22, delaying three health-related taxes: the medical device…

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New Option for Claiming Research Credit

May 19, 2017

The IRS recently provided interim guidance to qualified small businesses on a new option for claiming…

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CA Partial Sales and Use Tax Exemption

August 26, 2014

As a way to encourage economic growth in California, a new tax law recently went into…

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December 17, 2020

Future-Forward Manufacturing

Many manufacturers are feeling the impact of the current crisis. But companies that are ready to retool and ...
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December 4, 2020

By the Numbers: The Key Adjustments for 2021

What will 2021 bring us? After a year of turmoil and surprises, no one has a ...
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November 18, 2020

Restructuring Debt as a Business Strategy

Many businesses are facing the financial effects of the Covid-19 pandemic. The loss of clients and ...
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November 2, 2020

Hobby or Business: The IRS Takes a Stand

From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct ...
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October 29, 2020

Year-End Tax Planning for Businesses

Many businesses remain steeped in financial, operational, and HR challenges related to the COVID-19 crisis, but ...
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October 27, 2020

Year-End Tax Planning for Individuals

We recognize the impact this unimaginable year has had on all of us. There have been ...
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October 6, 2020

Retirement Plan Options for Self-Employed Business Owners

Owning your own business gives you a great deal of freedom to make your own choices. ...
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September 28, 2020

5 New Updates on Economic Impact Payments

New information continues to unfold as Congress provides clarity on several aspects of the economic impact ...
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September 14, 2020

How To Use a CPA as an Expert Witness

A CPA may be called upon as an expert witness to render a professional opinion, whether ...
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August 31, 2020

10 Ways to Improve Your Cash Flow

Cash flow is king. It is the lifeblood of any business. Often referred to as “working ...
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August 20, 2020

Tips for a Quicker End to Your Mortgage

If you're serious about paying off your mortgage quickly, realize that every dollar you add to ...
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August 11, 2020

Can I Claim a Home Office Deduction During COVID?

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces ...
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