…accounting treatment of inventories. UNICAP: Taxpayers that meet the cash-method $25 million gross-receipts test are exempted from the uniform capitalization rules of Sec. 263A. (The exemptions from the UNICAP rules…
…taxpayers to deduct up to $2,500 (after 1/1/2016) of the cost of an item of property per invoice, or per item where multiple items are invoiced together. This capitalization threshold…
… Approach The team carefully analyzed the data provided by members of the cooperative regarding the tractor’s maintenance schedules recent repairs, brands, and usage hours. Using Python, the team developed…
…to rent or lease the real estate, Negotiating and executing leases, Verifying information contained in prospective tenant applications, Collection of rent, Daily operation, maintenance, and repair of the property, Management…
Mike Gracik was quoted extensively in an article titled “To Deduct or Capitalize? That is the Question,” published in the July/August 2014 issue on pages 11-13 of Custom Builder…
…tax accounting follow similar rules regarding the capitalization of costs. Costs that should be capitalized during the startup stage, are the same as those that would be capitalized if the…
Improving Bottom Lines through Industry and Accounting Insights We serve over 200 retailers and wholesale distributors based in Virginia as well as throughout the country. Our clients represent auto dealerships,…