Business Owners

Intangible assets: How must the costs incurred be capitalized?

These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of costs to: Acquire or create an intangible asset, -Create or enhance a separate, distinct intangible asset, -..........

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Scott Henvey
Scott Henvey

29 November, 2022

Taxes, Unemployed

Lost your job? Here are the tax aspects of an employee termination

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax i..........

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Scott Henvey
Scott Henvey

9 March, 2022