PWCPA Blog
The Advantages of Cryptocurrency for Government Contractors
Bitcoin recently soared to $40,000 amid speculation of Amazon.com Inc.'s potential involvement in the crypto industry. The rapid price increase led many to liquidate their holdings. This raises questions about the future of Bitcoin and cryptocurrency. What exactly is...
Tips for Saving on Business Travel
A business travel often is meant to solidify relationships with clients and customers or to gain new ones. Other times it's for sales calls and "meets and greets" with suppliers. In any event, the goal of business travel is generally to make money - not to fritter it...
Use the Post Office to Increase Sales
Despite the popularity of e-marketing, direct mail still works for many companies. How well it works depends on a number of variables. It's a game of percentages. Here are six tips to help improve your company's odds: Direct is the operative word. A key advantage of...
Tax Law Expands Accounting Method Options for Small Businesses
Thanks to changes included in the Tax Cuts and Job Acts (TCJA), many more businesses can now use the simpler and more-flexible cash method of accounting for federal income tax purposes. The new law also includes some other tax accounting changes that are good news for...
Real Estate Depreciation Changes
The Tax Cuts and Job Act (TCJA) included several favorable changes to the federal income tax depreciation rules for real estate. However, one intended change didn't make it into the statutory language, and there are some potential pitfalls to avoid. Here's what real...
DOL Pitches Auto-Portability Program to Preserve Retirement Savings
The U.S. Department of Labor (DOL) is advancing a proposal that would enable 401(k) plan sponsors to automatically transfer account balances up to $5,000 of former participants who have left the company. The amounts would be transferred to the 401(k) plan of an...
IRS Ups the Ante on Retirement Contributions
Every year, the IRS releases the cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans with increase. But some will remain unchanged from 2018. Annual Adjustments The...
Tax Cheer for Holiday Gifts to Employees
With the Holidays fast approaching, you might want to reward your employees for all their hard work in 2018. Gift-giving ideas include gift cards, holiday turkeys and achievement awards. Although your intent may be essentially the same in all these situations, the tax...
Four Tips for Building an Emergency Fund
Planning for emergencies is like buying insurance: you pay into an account and hope you'll never have to use it. But life happens. Cars break down. Roofs leak. Kids get injured. Having money in the bank to cover those unexpected expenses can reduce stress and keep you...