When managing business expenses, understanding how to depreciate a vehicle used for business purposes can significantly impact your tax benefits. This blog post will guide you through the key concepts and rules surrounding auto depreciation, including the Section 179 deduction, special depreciation allowance, and Modified Accelerated Cost Recovery System (MACRS) depreciation. Section 179 Deduction Special Depreciation Allowance MACRS […] Read more “Understanding Auto Depreciation: A Guide for Business Owners”
Author: Pasquesi Partners LLC
I’ve always had an interest in investments. Whether it’s in the form of stocks, a 401k, certificates of deposit, or any other investment vehicle, I firmly believe the key to preparing for your future is investing early. With that being said, I feel there is a significant lack of education on the topic. So, I’ve […] Read more “Invest Early to Jumpstart Your Financial Journey”
Deciding to close an S-corporation is a complex and emotional process that requires careful consideration of the accounting and tax implications. This blog post aims to guide you through the essential steps an S-corporation must take from an accounting and tax perspective to ensure a smooth, legally compliant closure. Conclusion: Closing an S-corporation requires careful […] Read more “Accounting and Tax Steps for Closing an S-Corp”
Closing a C-corporation involves a complex process that includes addressing specific accounting and tax requirements. This blog post will provide a comprehensive guide to help C-corporations navigate the essential accounting and tax steps to ensure a smooth and legally compliant closure. Conclusion: Closing a C-corporation requires careful attention to accounting and tax matters to avoid […] Read more “Accounting and Tax Steps for Closing a C-Corp”