Coordinating Sec. 179 Tax Deductions With Bonus Depreciation
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
Articles
Maximize the QBI Deduction Before It’s Gone
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So…
Read More 
If You Didn’t Contribute to an IRA Last Year, There’s Still Time
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher…
Read More 
Get Ready for the 2023 Gift Tax Return Deadline
Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if…
Read More 
Taxpayers Should Answer Crypto Question, Report Digital Asset Income
The IRS has issued a news release reminding taxpayers that they must answer the digital asset question and report all…
Read More 
FinCEN Identifies New Scam Targeting Taxpayers Subject to BOI Reporting
The Financial Crimes Enforcement Network (FinCEN) recently posted a fraud alert on its beneficial ownership information (BOI) reporting portal webpage.…
Read More