ConnollySteeleNov 28, 20222 minIntangible assets: How must the costs incurred be capitalized?These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so...
ConnollySteeleNov 21, 20222 minIs your business closing? Here are your final tax responsibilitiesBusinesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration,...
ConnollySteeleNov 14, 20222 minComputer software costs: How does your business deduct them?These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer...
ConnollySteeleNov 9, 20222 minInflation means you and your employees can save more for retirement in 2023How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently...