Congress Extends R&D Credit And Increases Tax Depreciation Limits for Tax Year 2014

| Business Miscellaneous

The Senate passed The Tax Increase Prevention Act of 2014 this week extending a package of expiring tax provisions through 2014.  The President is expected to sign the bill in the next few days. The Bill extends many popular tax breaks affecting businesses including the research and development credit, enhanced tax depreciation deductions including 50% bonus depreciation on new equipment placed in service in 2014, and increased expensing limitations  (Sec. 179).  The Sec. 179 limit of $500,000 Read more [...]

Garrett Patton Merges Into Alerding CPA Group

| Alerding Alerts

We are excited to announce that Garrett Patton & Associates (Certified Public Accountants) will be joining forces with Alerding CPA Group under the Alerding name.  We believe this will add a new and dynamic dimension to our firm. Garrett brings two new partners with keen tax and accounting minds along with a group of professionals that will add depth to our already strong team.  They are a local firm, with a solid presence in the tax and small business arena, which has earned a reputation Read more [...]

The Year End Crunch

| Business Miscellaneous

By Natalie Hopkins     With the blink of an eye, we will be turning the page on yet another calendar year. For anyone involved in owning or managing a business, there is a whole new list of tasks to complete.  Below are some of the most important business reminders as we close out 2014 and welcome 2015. 1099s: 1099s are required to be filed for any non-corporate vendor that renders service fees in excess of $600 for the year.  The deadline for sending 1099s to recipients is February 2, 2015 Read more [...]