Our guest blogger shares some examples of how to use the tax code to your advantage when deducting personal property pursuant to Section 179.
Lori’s Vignette’s
Tax Law Update, Part 2 of 3: Allowable Immediate Deductions
We all know this is the time of year that retailers want us to spend, spend, spend. Would you believe the IRS is also sweetening the pot for you to spend money this year? Learn what deductions you have this year for equipment, furniture and machinery deduction. Next year you can only deduct half as much for these same items.
Tax Law Update, Part 1 of 3: Home Office Deductions
Guest Blogger, Sal Curcuru, CPA and Partner in Cucuru & Associates, shares his expertise in this 3 part Tax Law Update. In Part 1 below, he explains the do’s and don’ts of home office deductions. Stay tuned in the following weeks for Part 2: Allowable Immediate Deductions for Equipment, Furniture, and Machinery; and Part 3: Allowable Deductions [...]
Social Security Disability Update: Will benefits be delayed?
I interviewed two Oakland County attorneys for their perspective on Social Security Disability law. They remarked on past delays in getting a hearing date, and anticipate delays to increase in the near future. When over 60% of claimants are denied benefits and there are delays in getting a hearing to appeal the denial, the disabled individual is at risk of losing everything. Read on to learn more and to find resources available for disabled individuals.
Workers Compensation Law update: Will workers lose benefits?
In this Workers Compensation Law update, the current law in Michigan is explained, along with a recent House Bill No. 5002 introduced by the legislature, which attempts to codify all the recent Michigan Supreme Court decisions and create a new category of ‘partially disabled worker’. Injury attorneys feel this reform will harm the worker by unfairly reducing benefits.