Archive for October, 2013

October 28, 2013/Tax

FINAL SECTION 263(a) TANGIBLE PROPERTY “REPAIR” REGULATIONS: OVERVIEW AND ACTION ITEMS

On September 13, 2013, the Department of the Treasury and the Internal Revenue Service filed with the Federal Register the final tangible property regulations (T.D. 9636). The final regulations provide guidance for taxpayers in determining whether a taxpayer must capitalize costs incurred in acquiring, maintaining, or improving tangible property under sections 162(a) and 263(a).

October 15, 2013/Press Release

Smith Leonard Named Best Place to Work for Four Straight Years

For the last six years, Accounting Today and Best Companies Group has named Smith Leonard PLLC as one of America’s “Best Accounting Firms to Work For.” The annual List of Best Accounting Firms comprises 100 firms throughout the nation in three different size categories.

October 1, 2013/Furniture Insights

October 2013 Furniture Insights

According to our latest survey of residential furniture manufacturers and distributors, new orders in August 2013 were 9 percent higher than August 2012. This result was pretty much in line with much of what we had heard up through the end of August. August 2012 orders were 8 percent higher than August 2012 so we were comparing to some pretty good results in the previous year.

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