Asset Acquisition Planning Tips for Your Business

Timing is critical in determining when to purchase equipment for businesses. The year in which the equipment is purchased and is available and ready for use plays a significant role in determining the amount allowable depreciation and tax liability for a given year. For more on asset acquisition, some planning tips, and to learn about depreciation rules, read this C.P.A Insight.

Withholding Break for Student Workers

If your student is tired of seeing Uncle Sam take money from him each paycheck, he may be in luck. Students, who have summer or part-time jobs, may be exempt from paying federal withholding tax if certain requirements are met. This C.P.A. Insight details the circumstances that must be met to stop the withholding deduction.