David K. McCoy, CPA, An Accountancy Corp
Reasonable Compensation of Shareholders and Officers
A deduction is allowed for compensation, but the amount must be reasonable and the payment...
Sample Capitalization Policy
Purpose: This accounting policy establishes the minimum cost (capitalization amount)that shall be used to determine the...
Phone Scams Continue to be a Serious Threat
WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain a WASHINGTON—Aggressive...
How to Escape Capital Gain Taxes Forever Under the New Tax Law
If you are a real estate investor or simply looking to invest prior investment gains...
How Long Do I Keep Tax Records?
A question we get asked a lot: How long do I keep my tax records? You...
Calsavers Reminder for Businesses With at Least One California Employee
By the end of 2025, all businesses that do not offer a qualified retirement program...
Items to Bring to Your Tax Appointment
A question we get asked a lot: What do I bring with me for my tax...