Blog

Year: 2014

Final Tangible Property Regulations

June 18, 2014 by Alisa Rogers
Copeland Buhl
After several rounds of Proposed and Temporary Regulations, the IRS issued Final Regulations effective for tax year’s beginning January 1, 2014 to help clarify the treatment of tangible property. The Regulations address: Treatment of materials and supplies Guidance on deductible repairs verses capital improvements De Minimis Safe Harbor election for...
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Avoiding 401(k) Plan Pitfalls

April 17, 2014 by Staff
Copeland Buhl
Imagine a scenario in which an employee comes to you with a question about his participation in the company 401(k) plan: He thought he was contributing 5% of his salary to the plan, and had been for the last six months, but his paycheck doesn’t show any deductions. Did the...
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Support for Old Windows Systems Ending

February 19, 2014 by Brent Goedel
Copeland Buhl
As of April 8, 2014, Microsoft will no longer actively support Windows XP, Office 2003, and Exchange Server 2003. Older systems, as you know, cannot easily handle today’s security threats. Without critical support updates, your PCs could be vulnerable to malicious software and compliance issues. Honestly, change is good. Getting...
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Tax Provisions No Longer Available in 2014

February 14, 2014 by Andy Graf
Copeland Buhl
Every year a number of “temporary” tax breaks, credits and deductions expire on December 31st. Lawmakers usually plan on extending them, but they don’t always do so before year-end. At the end of 2013, Congress let 57 so-called tax extenders or tax breaks expire. In theory, Congress could extend these retroactively to...
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