Month: May 2018

Archive for May 2018

Exciting news about our future

Please take 40 seconds and listen to this important message about what is changing in early July at Cover & Rossiter. We think you will be pleased with our news as we are doing it for you as we continue to be your “future ready” accounting firm. Happy June.

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Using a Car for Business: New Rules under TCJA

Many of the tax provisions under tax reform were favorable to small business owners including those relating to using a car for business. Here’s what you need to know. Section 179 Expense Deduction If you buy a new car in 2018, and use it more 50 percent for business use, you can take advantage of…

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Self-Employed? Five Easy Ways to Lower Your Tax Bill

If you’re like most small-business owners, you’re always looking for ways to lower your taxable income. Here are five ways to do just that. Deducting the Cost of a Home Computer If you purchased a computer and use it for work-related purposes, you can take advantage of the Section 179 expense election, which allows you…

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Selling Your Small Business

Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences. If you’re thinking about selling your business, the first step is to consult a competent tax professional. You will need to make sure your financial statements are in order, obtain an accurate business valuation…

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What to Do When Your Tax Return is Late

Tuesday, April 17, 2018, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2017 tax return yet, the sooner you do something about it the better, and it may be easier than you think. First, gather any information related to income and deductions for the tax years…

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