International businesses that want to do business in Atlanta Georgia face a mountain of issues. To make this process simpler, Delerme CPA is doing something about this. Delerme CPA has created a unique concept designed around making the process for helping international companies to smoothly and quickly establish a United States entity for doing business in […]
Archives for February 2016
Foreign Bank Account Reporting – IRS Priority List
If you have a foreign bank account that has not been reported to the IRS, then you could be facing serious civil penalties and even criminal penalties. These penalties fall under the Foreign Bank Account Report, FBAR violations. To illustrate, the IRS Dirty Dozen tax scam list for 2016 clearly illustrates the emphasis placed upon […]
Domestic Production Activities Deduction (DPAD)
Did you know that you could get a tax deduction for manufacturing goods in the United States? As incentive to get manufacturers to produce goods in the United States, taxpayers have the luxury of getting a tax deduction. How much of a deduction? As of 2010, a taxpayer can have a deduction of up to 9% […]
Net Operating Losses Provide Tax Benefits
For many businesses, profits vary from year to year. However, with proper planning, even a bad year can be helpful from a tax perspective. Where business deductions exceed gross income, a taxpayer may have a net operating loss (NOL) that can be used to offset income in another tax year, potentially generating a refund of […]
Tax Reductions – Depreciating Assets
Depreciation deductions can be extremely valuable for a business. For example, in a recent court case, a federal judge ruled a company could begin taking its depreciation deductions for two buildings housing retail stores at a point prior to when they were “open for business.” The ruling allowed the company to show a loss for […]