Author Archive | Rick Howard

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Implementing the $2,500 Expensing Threshold May Not Be Best Practices for Your Business

A capitalization policy is used by a business to set a threshold for determining when a asset purchase should be recorded as a fixed asset (and depreciated), or when the expenditure can be expensed in the current year. The IRS has allowed certain businesses with applicable financial statements with written capitalization policies to establish this […]

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Repost – 5 Ways to Enjoy March Madness…

Gracy’s latest article… By Gracy Olmstead March 15, 2017 We all need opportunities to connect, have fun, and forget politics. There’s no better way than the NCAA March Madness basketball tournament.   March is a crazy time of year for an accountant’s family. Associating the month with “madness” seems only natural. My dad would work […]

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Trump-Obamacare

2016 Income Taxes: Obamacare & Trump’s Executive Order

2016 INCOME TAXES: OBAMACARE & TRUMP’S EXECUTIVE ORDER by Rick Howard, CMA, CPA 2/17/2017 The Affordable Care Act, referred to as “Obamacare”, imposes a penalty for taxpayers who do not have the required health care coverage.  President Trump signed an Executive Order directing the authority and discretion to “waive, defer, grant exemptions from, or delay […]

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Part 2 – Managing a Minimum Wage Rate Increase – Increasing Prices, Sales Volume & Cutting Costs

Part 2 – Managing a Minimum Wage Rate Increase – Increasing Prices, Sales Volume, Cutting Prices, etc. This is the second post in a series of posts relating to dealing with an increase in a minimum wage rate. The first post dealt with estimating the impact that a wage rate increase would have on your […]

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