Monthly Archives: December 2015

A Gift from Uncle Sam: Congress Passes the Extenders Package

This holiday season, taxpayers are receiving a “gift” from Washington, D.C. It’s the Protecting Americans from Tax Hikes Act of 2015 or, simply, the PATH Act. It does more than just extend expired tax provisions for another year. The bipartisan … Continue reading

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IRS Raises Tangible Property Expensing Threshold

Many businesses are uncertain how to account for costs to acquire, produce or improve property, plant and equipment. So, in 2013 the IRS issued regulations on capitalizing versus deducting the costs of tangible personal property. In 2014, the IRS added … Continue reading

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Levin Swedler Kennedy Year-End Tax Planning for 2015

As the end of 2015 approaches, now is a good time to consider planning moves that will help lower your tax bill for this year and into the future. Tax planning is a proactive and on-going process, this time of … Continue reading

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