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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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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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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Annuities: Know the Pros and Cons

Some love annuities, some hate them, but there's no denying that many find them useful, and ...
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Is It Time to Move Off of QuickBooks?

QuickBooks is an excellent and cost-effective solution for small businesses, maybe even midsize businesses. But your ...
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When is My Capital Gains Rate 0%?

With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains ...
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Tax Considerations for Today’s Mergers & Acquisitions

In the midst of continued uncertainty oscillating in the global market, opportunities emerge in times of ...
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SBA Stimulus Funding May Prompt Single Audit

In a rapid emergency response to the global pandemic, the federal government rolled out the Coronavirus ...
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FASB Grants Delay for Revenue Recognition and Leases Standard

In a recent and welcomed move, the Financial Accounting Standards Board (FASB) approved a one-year deferment ...
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Congress Loosens PPP Loan Restrictions

Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll ...
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Stimulus Payments Being Sent as Visa Debit Cards

The Internal Revenue Service has been distributing Economic Impact Payments to taxpayers across the nation since ...
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Do You Need a Will and a Trust?

Everyone wants to protect their families, even after they pass from this world. That’s the purpose ...
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The Essentials of Cloud-Based Accounting Software

“Siri, what is my year-to-date net income?” This is where technology is going. Are you on ...
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