Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable tax deduction. Repairs can be expensed and deducted, but improvements to a business must be recovered through depreciation. So …Read More

 

One downside of contributing to a traditional IRA is that, once you reach age 70.5, you must begin taking required minimum distributions (RMDs) and pay taxes on those distributions. But you can use a qualified …Read More

 

Comparing your business to the industry is difficult, and with all the data and paperwork, the task can be daunting. Our trained professionals at Froehling Anderson can help you look at where you are, so …Read More

 

How can you ensure that you’re choosing the right firm for your 401k audit? How can Froehling Anderson provide value to your operations? Here, two of Froehling’s Certified Public Accountants answered questions about the 401k …Read More

 

So you want to be an entrepreneur? While it is a thrilling and fulfilling venture, there are a number of considerations to evaluate before taking the lead. Read below to learn more about what you …Read More

 

With Froehling Anderson’s outsourced accounting services, you can focus on running your business instead of fretting over proper transactional recording methods or tracking performance metrics. F.A. offers services in three distinct areas: Virtual Bookkeeper: This …Read More

 

New financial statement standards have been issued for not-for-profit organizations and will go into effect for most organizations for their fiscal year ending in 2019. The purpose of these changes is to improve clarity, uniformity, …Read More

 

Are you wishing you’d set up a retirement plan for your small business for 2018? Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability! Contribution …Read More

 

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications. Pros and Cons of Leasing From a cash flow perspective, leasing can …Read More

 

Enhanced depreciation-related tax breaks for certain business real estate investments, such as qualified improvement property, may offer substantial savings when you file your 2018 tax return. Here’s what you need to know. Section 179 expensing …Read More