Retail stores and restaurants regularly incur expenses to remodel or refresh the establishment in order to stay competitive and remain attractive to customers. However, because these projects often involve repairs and improvements to many different building components, analyzing what costs can be deducted and what should be capitalized can be a complicated task.… Read more >
At the end of every year, it seems, taxpayers wait anxiously for Congress to enact extensions of popular business tax breaks, and every year Congress waits to act until what seems like the last possible moment. Last year, the extenders were passed in December; the legislation extended more than 50 provisions retroactively, but, in most cases, those extensions expired again at the end of 2014.… Read more >
Most small businesses spend an outsized amount of time thinking about their customers. How can we serve customers better? How can we attract new customers? What other products and services would those customers want to purchase?
Unfortunately, good businesses can find themselves in distress even when they develop great products and serve their customers very well.… Read more >