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Capitalize or Expense? The Age-Old Question of Repairs and Maintenance

The question of whether to capitalize or expense repairs and maintenance costs has plagued sole proprietorships

Major Change in Store for Small Business Size Calculation

Historically, contractors were required to use the average of their last three completed fiscal years to

Depreciation on Buildout Improvements Still Unclear as Tax Filing Season Approaches

As filing season for 2018’s taxes nears, one area of the new Tax Cuts and Jobs
January 16, 2019

White House Vows to Issue Tax Refunds During Shutdown

On Monday, January 7, the White House has vowed that the Internal Revenue Service (IRS) will

D.C. Passes Wayfair-Style Bill and Expands Tax Base to Include Digital Goods

On December 31, 2018, the District of Columbia enacted significant sales tax legislation that will require

SBA Proposes Revisions to the Small Business Regulations

The Small Business Administration (SBA) is proposing to amend its small business regulations to implement provisions

Underpayment Penalty Relief for Nonprofits Subject to New Qualified Transportation Fringe Tax

Internal Revenue Service (IRS) Notice 2018-100 offers transitional relief to nonprofits from underpayment penalties related to

GSA’s MAS Consolidation: A Big Step Forward

What’s Changing? On November 27, 2018, GSA announced it will consolidate all 24 of the Multiple

A Contractor’s Guide to Surviving a Government Shutdown

The never-ending political stalemate in Washington may lead to yet another government shutdown. If our leaders
December 21, 2018