CERTIFIED PUBLIC ACCOUNTANTS
CERTIFIED PUBLIC ACCOUNTANTS
CERTIFIED PUBLIC ACCOUNTANTS

Kelsea Balde

Tax Rules for Deductions on Repairs and Maintenance

The average homeowner can’t generally claim a tax deduction for repairs or maintenance to his property, although some isolated energy-related tax credits are available. Sole proprietors, businesses, and rental property owners can deduct expenses for repairs and maintenance of their property and equipment, however. The IRS tightened up the rules for how repairs and maintenance expenses can be deducted in 2014, but […]

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Tax Credits for Building Renovations

According to the Internal Revenue Service, the rehabilitation tax credit applies to costs for rehabilitation and reconstruction of some buildings. The credits do not apply to new construction or additions, but do encompass renovations, restoration and reconstruction. The percentage of rehabilitation costs eligible for the tax credit range from 10 percent to 20 percent, depending

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Understanding Sales Tax Rules for the Construction Industry

Although most states do not impose sales tax on construction services, contractors must be aware sales tax rules when they purchase and bill for supplies that they use. Lump-sum contracts and time and materials contracts can create very different sales tax obligations. The construction industry consists of businesses that construct or make improvements to houses,

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For-Profit Healthcare Organizations vs. Not-for-Profit Healthcare Organizations

Most of us schedule our doctor’s appointments and visit the emergency room without thinking about whether the provider makes a profit on our care or not. As community providers, all hospitals provide regular and emergency care. Healthcare providers also enhance communities by providing regular employment opportunities for doctors, nurses and other healthcare professionals. While for-profit

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What Are Some Ways Healthcare Taxation Differs From Other Types of Industries?

Tax time is rolling around and, if you are assembling your healthcare expense information, you might wonder if hospitals pay taxes and how Healthcare Taxation is different from other industry taxation. The answer is a bit complex because you first have to understand how healthcare is, and how it isn’t, an industry. You must also

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What Tax Reform Means For Healthcare Entities: For-Profit & Non-Profit

Download PDF Version On Dec. 22, 2017, President Trump signed sweeping tax reform, formerly known as the Tax Cuts and Jobs Act, into law, marking the largest change to U.S. tax policy in decades. What changes are coming for healthcare companies? To help organizations navigate the issues most impactful and urgent to the healthcare industry,

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