Pisenti & Brinker LLP

IRS Disaster Assistance and Emergency Relief

By : Pisenti & Brinker LLP October 27, 2017 Comments Off

Our nation has been has been plagued by multiple hurricanes and wildfires. The link below is from the Internal Revenue Service website and may be helpful to those that have been directly affected. https://www.irs.gov/businesses/small-businesses-self-employed/disaster-assistance-and-emergency-relief-for-individuals-and-businesses-1

Business Tax: Time to Consider Section 179?

By : Pisenti & Brinker LLP October 23, 2017 Comments Off

Section 179 expensing can be a very powerful tax-planning tool for small and medium-sized businesses acquiring capital assets. While it doesn't change the amount of depreciation you can take over the life of capital purchase, it can change the timing

How To Fix Your Overfunded Account

By : Pisenti & Brinker LLP September 22, 2017 Comments Off

Is socking away large sums in a tax-deferred retirement account ever a bad it? It is when you exceed the annual IRS limits. Intentional or not, the penalties can be painful. Here's how overfunding occurs and what steps to take

Fair Market Value (FMV): What It Is and How to Defend It

By : Pisenti & Brinker LLP September 14, 2017 Comments Off

So what is fair market value (FMV)? According to the IRS, it's the price that property would sell for on the open market. This is the price that would be agreed upon between a willing buyer and a willing seller.

End of College Tuition Deduction

By : Pisenti & Brinker LLP August 30, 2017 Comments Off

It can be difficult to watch your child leave for college. Now you also have to say goodbye to the tuition and fees tax deduction. Congress decided not to extended this $4,000 deduction for 2017, leaving many parents worried that

Consider a Mid-Year Business Self-Audit

By : Pisenti & Brinker LLP August 16, 2017 Comments Off

The word "audit" makes most of us uncomfortable. But by using auditing principles within your own business, you may quickly discover ways you can enhance your firm's full-year performance. Here are some factors to consider. Prepare with a pre-audit. Perhaps

Zombie Payer – Keep Your Automatic Payments in Control

By : Pisenti & Brinker LLP July 31, 2017 Comments Off

When it comes to paying bills, many people cannot imagine returning to paying and sending bills via the U.S. Postal Service. But, the "turn it on and forget it" nature of automatic payments can create zombie payers who no longer

Five Reasons Business Owners Incorporate

By : Pisenti & Brinker LLP July 19, 2017 Comments Off

Most new businesses start with no thought about legal structure. In the eyes of the IRS, the default structure is a "sole proprietor," in which your business profits are taxed on your personal tax return. This can serve you well

New Job? Four Choices For Your Existing 401(k)

By : Pisenti & Brinker LLP June 30, 2017 Comments Off

Changing jobs and companies can be an exciting opportunity, but you have a choice to make. What will you do with the retirement savings you have accrued in your 401(k) plan? Consider these four choices: Withdraw the money and don't

IRS Announces Business Vehicle Deduction Limits for 2017

By : Pisenti & Brinker LLP May 23, 2017 Comments Off

The IRS has published depreciation limits for business vehicles first placed in service this year. These limits remain largely unchanged from 2016 limits. Because 50% bonus depreciation is allowed only for new vehicles, these limits are different for new and