What you need to know about capitalization and depreciation of business assets
To contribute to the overall financial health of your business, you need to understand asset management and the concepts of capitalizing and depreciat...
WASHINGTON — The Internal Revenue Service reminds taxpayers that estimated tax payments for tax year 2020, originally due April 15 and June 15, are no...
IAAI NEWSFLASH By: Joel Shabsin, C.P.A. CARES ACT CHANGES TO CHARITABLE DONATIONSOne of the provisions in the CARES Act revolves around changes to the...
IRS Enhances Get My Payment Online Application to Help Taxpayers
WASHINGTON – The Internal Revenue Service today announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother ex...
To whom it may concern,
We understand that everyone is concerned about Coronavirus. And we are as well, which is why we are taking precautions to kee...
IRS Tax Tip 2020-33, March 10, 2020
Taxpayers who adopted or started the adoption process during 2019 should review the rules around the adoption cre...
IR-2019-215, December 31, 2019
WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculat...
Four Common Tax Errors that can be Costly for Small Businesses
IRS Tax Tip 2019-164, November 21, 2019
A small business owner often wears many different hats. They might have to wear their boss hat one day, and t...
Compton Accounting is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give ou...
IRS Tax Tip 2019-137, October 2, 2019
Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom...
