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When do valuable gifts to charity require an appraisal?

If you donate valuable items to charity and you want to deduct...
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Pay attention to the tax rules if you turn a hobby into a business

Many people dream of turning a hobby into a regular business. Perhaps...
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Congratulations to our Graduates!

CONGRATULATIONS to BMM’s IU Kokomo graduates! We are proud of you all!...
tax return

Keep These 3 Issues in Mind After You File Your Return

The tax filing deadline for 2023 tax returns is April 15 this...
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Update on Retirement Account Required Minimum Distributions

If you have a tax-favored retirement account, including a traditional IRA, you’ll...

2024 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

Here are some of the key tax-related deadlines that apply to businesses...

Coordinating Sec. 179 Tax Deductions With Bonus Depreciation

Your business should generally maximize current year depreciation write-offs for newly acquired...
vacation properties

How Renting Out a Vacation Property Will Affect Your Taxes

Are you dreaming of buying a vacation beach home, lakefront cottage or...
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What’s the Best Accounting Method Route for Business Tax Purposes?

Businesses basically have two accounting methods to figure their taxable income: cash...

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