MPBN Maine Calling Radio Show
"Tax Help" March 9, 2015
The IRS recently simplified the requirements for the handling of fixed assets, repairs, and supplies for small businesses. The new procedure enables some businesses to change their method of accounting under existing regulations on a prospective basis for the first taxable year beginning on or after Jan. 1, 2014.
This option is generally available to small business owners, including sole proprietors, with assets totaling less than $10M or with an average annual gross receipts totaling $10M or less. There are, however, some important elements to be aware of...
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At Integrated Tax Consultants, we pride ourselves on providing our clients with optimal tax, planning, and business services. From comprehensive strategic planning, to full service tax compliance, we have you covered. We represent a wide variety of clients, from individuals to small businesses to publicly traded corporations. Approaching each unique entity with our full attention and dedication, we aim to protect your interests and exceed your expectations.