The straight line

Buying a gas-guzzling SUV, pickup or van may be frowned upon for environmental reasons. But these vehicles can be useful if your business needs to haul people, materials, inventory or equipment around. They also offer major tax advantages for businesses when they’re acquired. How It Works Thanks to the Section 179 deduction privilege, you can immediately...

Do you have insurance to address an intrusion or breach of your computer systems, or a lost or stolen laptop or even a flash drive? Do you think you have limited exposure? Very large companies, or even the US Government undoubtedly have very sophisticated security over their data processing systems. Yet, T-Mobile, Experian (a credit...

As you know, towards the end of 2014 many commonly used income tax deductions and credits were retroactively re-instated to the beginning of 2014, only to expire again as of December 31, 2014. 50% bonus depreciation for qualifying new assets, increased section 179 first year write-off, as well as the credit for increasing research and...

Has your 401(k) plan document been updated within the last 5-6 years to comply with federal tax laws enacted by Congress or issued by the IRS? If not, your plan could potentially lose its tax-qualified status. If your plan uses a prototype plan document, the company that manages or helped you setup your plan should...

  We have some pretty talented and athletic employees around the offices at GT! Many summer days were spent hitting the pavement for a few of our guys who were training for fall races. Matt Larson just competed in the DSM Half Marathon (13.1 miles) where he finished in just 1 hour, 34 minutes. Torey...

If you participate in a qualified retirement plan through your job or self employment — such as a 401(k), profit-sharing, or Keogh plan — you might be allowed to borrow from the account. (The borrowing option is not available for traditional IRAs, Roth IRAs, SEPs or SIMPLE-IRAs.) In the right circumstances, taking out a plan loan...