by justin@creatovision.com | Nov 19, 2024 | Uncategorized
The Tax Cuts and Jobs Act (TCJA) included a significant — but delayed — change to the tax treatment of research and experimentation (R&E) expenses under Internal Revenue Code (IRC) Section 174. To the surprise of many experts, Congress failed to act before the...
by justin@creatovision.com | Nov 18, 2024 | Uncategorized
Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household employer, it’s critical to understand your tax obligations, commonly called the “nanny tax.” If you...
by justin@creatovision.com | Jul 15, 2024 | Uncategorized
Creating a comprehensive and actionable succession plan is rarely easy for business owners. It’s certainly a challenge for most contractors, who may find it difficult to step away from the day-to-day hustle and bustle of building to envision life without a hardhat. If...
by justin@creatovision.com | Jun 14, 2024 | Uncategorized
Generally, employers today recognize the importance of work-life balance. Remote/hybrid work arrangements and generous paid time off policies, for example, allow employees to fulfill their professional obligations while having the flexibility to better care for...
by justin@creatovision.com | Jun 13, 2024 | Uncategorized
When manufacturers buy, build or improve their facilities, it involves a substantial investment. But these expenses generally can’t be immediately deducted for tax purposes. Fortunately, there may be another approach that will allow you to accelerate your depreciation...
