BKHM Blog

The Ins and Outs of the Home Office Deduction

Posted by BKHM CPAs on Tue, Jul 12, 2016 @ 09:06 AM

The Ins and Outs of the Home Office Deduction

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Topics: taxes, Home Office Deductions

FEDERAL TAX WEEKLY - OCTOBER 16, 2014

Posted by Sheridan Smith on Thu, Oct 16, 2014 @ 08:45 AM

Read about the IRS Clarifies Program for Offshore Accounts, Tax Briefs, Filing Relief and Automatic Tax Deferral to US Participants in Canadian Retirement Plans, Compliance Calendar and much more - BKHM CPAs is always here to assist you with any of your tax matters - Contact us today!

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Topics: bkhm cpas, IRS, compliance, taxes

IRS - POSSIBLE TAX SEASON DELAY

Posted by Sheridan Smith on Fri, Oct 10, 2014 @ 10:07 AM

IRS chief wars congress about possible delay to tax season from unresolved tax extenders. Internal Revenue Service commissioner John Koskinen has written a letter to the leaders of Congress's main tax committee urging them to decide soon on what to do about extending dozens of expired tax provisions, or else next tax season and the processing of tax refunds could be delayed.

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Topics: IRS, congress, taxes

CCH FEDERAL TAX WEEKLY

Posted by Sheridan Smith on Fri, Oct 10, 2014 @ 09:58 AM

Inside this issue of the CCH Federal Tax Weekly read about Local Lodging Expense Regs, October 15th Tax Deadline, Tax Briefs and much more.  For assistance on any tax issues, contact BKHM - we are here to assist you!

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Topics: compliance, Tax Compliance, federal, taxes

IRS FINALIZES ADDITIONAL MEDICARE TAX REGS

Posted by Sheridan Smith on Thu, Dec 05, 2013 @ 10:23 AM

Final regs on the Patient Protection and Affordable Care Act (PPACA)’s Additional Medicare Tax have been released by the IRS. Additional Medicare Tax applies to employee compensation/self-employment income in any tax year beginning after December 31, 2012. The final regs generally track proposed regs issued in 2012, with some clarifications.

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Topics: IRS, Healthcare, Medicare, taxes

VALUATION AND M&A'S

Posted by Sheridan Smith on Thu, Nov 21, 2013 @ 12:56 PM

Valuation is Key as the M&A Market Slowly Heats Up

After a lackluster 2012, domestic M&A activity is on the rise. Small business deal volume was up 62% in the second quarter of 2013 compared to the same period for 2012, according to BizBuySell.com Insight Report, which analyzes private business transactions in more than 70 major U.S. markets. This is the largest year-over-year jump since the M&A bubble burst in 2008, and the second quarter of improvement.

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Topics: bkhm cpas, mergers and acquisitions, taxes

IRS OPTION FOR HOME OFFICE EXPENSES

Posted by Sheridan Smith on Thu, Apr 11, 2013 @ 02:12 PM

A New Option for Deducting Home Office Expenses

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Topics: IRS, expenses, taxes

HOME OFFICE TAX DEDUCTIONS

Posted by Sheridan Smith on Tue, Jan 22, 2013 @ 09:17 AM

IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Year

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Topics: bkhm cpa, IRS, deductions, taxes

TAX-FREE TRANSFERS TO CHARITIES

Posted by Sheridan Smith on Tue, Jan 22, 2013 @ 09:04 AM

Tax-Free Transfers to Charity Renewed For IRA Owners 70½ or Older; Rollovers This Month Can Still Count For 2012

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Topics: charities, IRA, taxes

7 COMMON TAX MISTAKES STARTUPS MUST AVOID

Posted by Sheridan Smith on Tue, Jan 08, 2013 @ 09:09 AM
by David Ehrenberg, Young Entrepreneur Council December 31, 2012 | 1:39pm EST

If you don’t think about taxes until your company starts earning revenue, you’ve waited too long. While the IRS may not be especially interested in your company until you’ve been funded and have some capital, you need to think about taxes from the outset to avoid trouble down the line and to take advantage of deductions.

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Topics: startups, CPAs, taxes