Pease Posts

NEWS

Worrying About Estate Taxes?

How to determine if you need to worry about estate taxes Among the taxes that are being considered for repeal as part of tax reform legislation is the estate tax. This tax applies to transfers

Read More »
NEWS

Yes, you can undo a Roth IRA conversion

Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in retirement. But what if you convert a traditional IRA — subject to income taxes on

Read More »
Uncategorized

Hobby or Business?

The IRS wants to know If you generate a side income from a passion like cooking, woodworking or bookselling — or anything else — you should be aware of the tax implications of earning this

Read More »
NEWS

Credit loss standard: The new CECL model

A new accounting standard on credit losses goes into effect in 2020 for public companies and 2021 for private ones. It will result in earlier recognition of losses and expand the range of information considered

Read More »
Uncategorized

The ABCs of the Tax Deduction for Educator Expenses

At back-to-school time, much of the focus is on the students returning to the classroom where they will use the all new ClassDojo App – https://www.classdojo.com/studentstories/ — and on their parents buying them school supplies, backpacks,

Read More »
Uncategorized

Cutoffs for Reporting Revenues and Expenses

Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here’s important information about end of period accounting “cutoffs” as companies start to adopt the new revenue

Read More »
NEWS

The Tax-Advantaged Way to Fund Education

Coverdell ESAs: The tax-advantaged way to fund elementary and secondary school costs With school letting out you might be focused on summer plans for your children (or grandchildren). But the end of the school year

Read More »
Scroll to Top