There are common mistakes some newer landlords make when filing their tax returns. Improving these mistakes ahead of time, saves you money in the long run. Number 1: not declaring rent when it’s received. This one seems like it would not happen to many people, but there are certain times where rent isn’t declared for […]

Donating stock benefits you more than preserving the business’s money to fill other needs. When you donate stocks that have increased over time, you have the benefit of claiming that appreciated value of the stock and claim the tax benefit without needing to pay for taxes on that increase.  This is possible because tax deductions […]

How can athletes avoid struggling financially? Well before I can tell give you some ideas, let me tell you some things that occur that causes them to struggle. When an athlete starts their career, they usually start at a young age.  As a professional player, these athletes start making millions their first year in the […]

Happy Holidays! 2014 is almost over, but updates keep on coming. Last week we had some awesome news and information. This week we’ve some useful information that Delerme CPA can help you with. The Affordable Care Act (ACA) has brought monumental change to the U.S. healthcare system, and its impact on taxpayers and accountants continues […]

On November 1, 2014, Section 179 was restored to its original limits for 2014.  With Section 179 back into effect, a business can deduct the full cost of their equipment from this year’s taxes up to $25k. Said business has until December 31 2014  to apply for section 179. This being said, Congress poised to pass […]

Many companies have presence in different states as market and business opportunities expand. In many cases, this these companies create what’s called Nexus. Nexus is when a company has a business presence in a state. This presence can be triggered by three different factors: Sales – revenue from product or service. Payroll-workforce or sales force in […]