A new year is often looked at as an opportunity for making positive changes, and we’re all familiar with the tradition of making New Year’s resolutions—as we end each year and look forward to the next, we take stock of the things we want to improve upon or change in our lives. Those among us
In 1991 the internet, as we know it was born. It’s been said the first known online purchase was a pepperoni pizza from Pizza Hut in 1994. Businesses started developing an internet presence in the mid 1990s because it became obvious consumers would start doing research online before choosing service or product providers. You got the memo years ago. You have
Growing your Business Using #Social Media Imagine 40 years ago… no internet, no mobile apps, and no email. People would go selling door-to-door, use their local phone book, or get referrals from friends to help grow their business. Business development and marketing within businesses looked vastly different back then compared to today. Growing your business
Are you really WITH your clients and colleagues? Check out this interview with Bill George that will shed light on how three types of empathy add value to all of your relationships: Good stuff – especially for accountants (and engineers )who are trained to be more analytical than relationship-oriented. When you show deep empathy
Look – he’s talking about you, the Millennial Accountant! … powerful forces are reshaping the marketplace, and CPA marketing must adapt to keep up. What are these changes, and how can firms advance their marketing practices to get ahead? Let’s take a closer look. … Add to this potent mix the emergence of millennials – many
Wherever you are on your career path, honing your leadership skills will serve you well. No one ever became a great leader without first becoming a great communicator. Great leaders connect with people on an emotional level every time they speak. Their words inspire others to achieve more than they ever thought possible. Great communicators
Cost Segregation – A Useful Tool for CPAs A common depreciation scheme for a real estate purchase is to incorporate the entire cost of the building into a 39-year straight-line depreciation schedule. The cost segregation approach to depreciation provides a money-saving alternative that can lower tax bills and increase cash flow. Under cost segregation, the
Our first study using Echo was on a building that was purchased in 2012 for $350,000. The additional depreciation deduction in 2014 was $31,000 and we were able to do a late partial asset disposition for an additional deduction of $23,000. We now have detail on all of the components of the building to comply with the Tangible Property Regulations.
Echo is a cost effective and streamlined approach to doing a Cost Segregation study and saving our client’s tax dollars.
Mike Bosen, CPAPartner | Gallacher, Bosen & Goodman PLLC