Archive for December, 2015

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December 28, 2015/Tax

IRS Raises Tangible Property Expensing Threshold to $2,500

The IRS has announced an increase, from $500 to $2,500, in the de minimis safe harbor limit for taxpayers that don’t maintain an applicable financial statement (AFS). According to IRS, this change will simplify the paperwork and record keeping requirements for small business and other taxpayers.

December 1, 2015/Furniture Insights

December 2015 Furniture Insights

New orders in October 2015 increased 1 percent over October 2014, according to our latest survey of residential furniture manufacturers and distributors. The 1 percent increase followed a flat September comparison, which followed 18 consecutive months of increases.

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