By Kenneth H. Bridges, CPA, PFS July 2015
While many of the accounting and tax issues faced by software companies are common in other industries as well, there are certain areas in which software companies must be well-versed in order …
By Kenneth H. Bridges, CPA, PFS March 2015
Most states impose a sales tax on the sale of most items of tangible personal property, while typically exempting from the tax the sale of services and intangible property. So what is …
By Kenneth H. Bridges, CPA, PFS March 2015
It is well-known that an employer can provide health insurance benefits to its employees tax-free under a group plan. It has also long been the rule of tax law that an employer …
By Scott A. Fincher, CPA March 2015
In late 2013, the IRS issued final regulations (effective for 2014 and beyond, with elective retroactive application back to 2012) relating to the deduction or capitalization of amounts paid to acquire, produce or …
By Kenneth H. Bridges, CPA, PFS March 2015
At Bridges & Dunn-Rankin, we have not yet started accepting bitcoin for payment of our fees, but it is estimated that over 80,000 businesses do now accept it.
Bitcoin is an online …
By Kenneth H. Bridges, CPA, PFS March 2015
We believe (and certainly hope) that most of our business clients are regularly consulting with their health insurance advisors to be sure that they are in compliance with the Affordable Care Act …
By Kenneth H. Bridges, CPA, PFS March 2015
Real estate has always received very favorable treatment under our tax laws. For your residence, you get to take deductions for the interest and taxes, and then, when you sell it at …
By Kenneth H. Bridges, CPA, PFS December 2014
Companies frequently use contractors in lieu of “employees.” It is an arrangement that can work well for both parties. The contractor gets to maintain his or her sense of independence, may command …
By Kenneth H. Bridges, CPA, PFS December 2014
Tax rules which were enacted long before the LLC format came into existence provide that a general partner’s K-1 ordinary business income is subject to self-employment tax, while a limited partner’s K-1 …
By Kenneth H. Bridges, CPA, PFS August 2014
Prior to the 1990s, the partnership format was used almost exclusively by professional service firms (e.g. mostly CPA firms and law firms) and real estate and oil & gas ventures. Companies in …