While there are a number of reasons to consider converting a home into a rental, there are also tax issues need to be dealt with. Home values are through the roof. Demand for housing exceeding the available inventory. Current interest rates are at an all time low. It’s no wonder homeowners are converting their existing …
Depreciation
You Can Expense Business IT Purchases
Hoping to expense business IT purchases this year? Thanks to some very liberal tax laws written to encourage investment in personal tangible equipment – it’s possible. Many businesses will be able to expense business IT purchases (and other assets) before the end of the tax year. However, for businesses using the accrual method of accounting, …
