Integrated Professional Services

Our certified public accountants, management consultants, information assurance professionals and entire staff want to earn your trust, address the issues and make a difference for you.


No Current Deductions Before Business Commences

August 23, 2016

Current deductions are not allowed for most expenses incurred while a business is still in the start-up phase. For tax purposes, the business must be functioning at the time the expenses are incurred. Many entrepreneurs may be unaware of this rule. This article explains the tax rules for start-up companies.

Starting...
Read More

Rx for Itemizing Medical Expenses

August 23, 2016

Congress increased the threshold for deducting medical expenses on your personal tax return. But a lower threshold still applies to some taxpayers until 2017. Here are more details on these itemized expenses, including a checklist of medical, dental and vision care items to consider when compiling your annual expenses for tax purposes.

Medical...
Read More

Back-to-School Tips for Grownups

August 23, 2016

From a business perspective, back-to-school time is about more than selling school supplies and clothing. It provides many creative marketing opportunities for owners of all types of businesses who can think outside the pencil box. On a personal level, remember to save your receipts. Whether you're a teacher or parent, this article provides a refresher course on education-related federal tax breaks for individuals, too.

August...
Read More