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In a data-driven world, it’s important to make sure your small business is handling customer information according to the GDPR requirements. General Data Protection Regulation (jokingly referred to as Gosh Darn Privacy Rules) is a complex territory to navigate, and as a small business owner, you might not be sure if it applies to you. …
Continue reading 6 Steps to Ensure Your Small Business Is GDPR-Compliant
Should you take out a loan or should you rent and save that purchase decision for a future date? These are the basics of loans vs. leasing for small businesses. As an entrepreneur, you may be looking to invest in new machinery, technology, or other types of expensive equipment to take your business to the …
Continue reading Equipment Loans vs. Leasing—Which is Better for Your Business?
Having eyes and an ear on the competition is just as important as listening to your customers. Here are some tips on how to stay ahead of the curve and help attract more business your way.As a small business owner, you’re probably very aware of your competition, and if you’re not, you should be. As …
Continue reading 12 Smart Ways to Keep Ahead of Your Competition
In the last 20 years, the opportunity to run your business on a global level has become much easier. No longer is international business only for mega-corporations. Now, small businesses can get in on a piece of the worldwide economic puzzle quite easily. In one survey, 58 percent of small businesses indicated they have at …
Continue reading How Your Small Business Can Compete on an International Level
The IRS issued proposed regulations (REG-104397-18) providing guidance on Sec. 168(k), which was amended by P.L. 115-97, known as the Tax Cuts and Jobs Act (TCJA), to increase the allowable first-year depreciation deduction for qualified property from 50% to 100%. The TCJA extended and modified bonus depreciation, allowing businesses to immediately deduct 100% of the …
Continue reading IRS issues proposed regs. on 100% bonus depreciation
The IRS issued proposed regulations on Wednesday regarding the qualified trade or business income deduction under Sec. 199A, which was enacted by P.L. 115-97, the law known as the Tax Cuts and Jobs Act (TCJA) (REG-107892-18). At the same time, it issued Notice 2018-64, which provides guidance on how to compute W-2 wages for purposes …
Continue reading Qualified business income deduction regs. proposed
The IRS issued proposed regulations on Wednesday on the Sec. 965 transition tax, which was added to the Code by P.L. 115-97, the law known as the Tax Cuts and Jobs Act (REG-104226-18). Sec. 965 applies to the last tax year of a deferred foreign income corporation (DFIC) that begins before Jan. 1, 2018. The …
Continue reading Proposed regs. address several transition tax issues
The IRS published final regulations that implement changes made by the American Jobs Creation Act of 2004, P.L. 108-357, and the Pension Protection Act of 2006, P.L. 109-280, to the substantiation and reporting rules for charitable contributions under Sec. 170 (T.D. 9836). The final regulations set forth the substantiation requirements for contributions of more than …
Continue reading Final rules govern adequate substantiation for charitable contributions
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