General

The tax treatment of intangible assets

Intangible,assets,concept,,businessman,hand,touching,intangible,assets,icon,on
December 16, 2024
H&B
0
Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand the issues involved. Here are some answers to frequently asked questions. What are intangible assets? The term “intangibles” covers many items. Determining whether an acquired […]
#Assets, #Compliance, #Intangible, tax
Find Out More
Tax Planning

How inflation will affect your 2024 and 2025 tax bills

Tax, ,concept,with,wooden,blocks,and,letters.,business,budget
November 27, 2024
H&B
0
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The IRS recently announced next year’s inflation-adjusted amounts for several provisions. Here are the highlights. Standard deduction. What does an increased standard deduction mean for you? A […]
bills, Inflation, tax
Find Out More
Tax Planning

Get tax breaks for energy-saving purchases this year because they may disappear 

Outside of a house with orange roof that has solar panels
November 19, 2024
H&B
0
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late. On the campaign trail, President-Elect Donald Trump pledged to “terminate” the law and “rescind all unspent funds.” Rescinding all or part of the law would require action […]
energy, savings, tax
Find Out More