All Businesses Must Comply with New Tax Regulations in 2014

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The IRS has released regulations that create new rules related to the acquisition, production and improvement of tangible property. These regulations, commonly referred to as tangible property regulations or repair regulations, are meant to help taxpayers distinguish between currently deductible repair and maintenance expenses and expenditures that must be capitalized and depreciated for tax purposes. Among other things, these rules require taxpayers to make elections on their tax returns and will likely require accounting method changes.

In order to ensure that you are in compliance with the requirements of the new regulations, not missing an opportunity to reduce your tax liability, …read more

Read more here: Government Contracting

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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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