Navigate the confusing sales tax system of Snohomish County and Washington State with this handy guide.
we are explaining how IRS Section 179 can be used by small business to write off 100% of qualifying equipment and software in the year of their purchase to save on taxes (in 2018).
Most businesses require non-current assets in order to operate and generate income. These assets are referred to as property, plant and equipment (PP&E). PP&E are depreciable assets and can be used as tax breaks over time, to lower your company's taxable income year to year.
We are now seeing more companies store their data on the cloud and even conducting their accounting through cloud services.
IRA's act as a tax-deferred account used to grow your money tax free while reducing your tax burden for the current year.