Historically, taxpayers been able to elect to deduct or capitalize these costs in the year they were paid or incurred, under Section 174(a) or Rev. Proc. 2000-50. For tax years beginning after Dec. 31, 2021, the revised Section 174 rules will require taxpayers to capitalize and amortize all R&D costs.
Irrational exuberance is a state of mania when stocks increase regardless of deteriorating fundamentals or uncertainty. When this happens, greed, overconfidence, and fear of missing out takes over the mind of investors. What can investors do when irrational exuberance takes over the stock market?
Ultimately, the real key to successful investing is to have the courage to buy regularly – even when others are fearful and hold your investments for a long time. History has proven that upping one's comfort in investing pays off, over time.
While money isn’t everything, it’s important to keep savings and spending in line with your individual financial goals. To better separate your emotions from your money, here are four steps to help you become more confident and less stressed about your financial future.
When you create an estate plan, there are many considerations to take into account. Among these considerations is whether you need a will or a trust.
What’s a scrappy, innovative entrepreneur meant to do when they have to stay lean while budgeting for one of the most notoriously exasperating business expenses -- legal? Risk is absolutely inherent to growth, and as such, legal counsel is a non-negotiable aspect of any successful business.
Our analysis for determining the right strategy for clients considers the following factors: 1) break-even analysis, 2) portfolio withdrawal needs, 3) earnings test and 4) planning for married couples. For this article, we will be focusing on break-even analysis.
We are all working toward an end-of-business ownership event, whether it's an external sale, an internal succession or a transition to your family through an estate plan. Whichever path you hope to take, the change will arrive someday. Knowing this, it's vital to have a strategy in place.
Evaluating income tax rates, the ability to pay taxes on the conversion with non-IRA assets, estate tax, minimum distribution requirements and additional income tax considerations.
As you prepare for the next chapter in your life that includes Medicare, it’s important to learn about your options, costs, and benefits so you can feel confident in the decisions you make.
There’s a chance your goals – and your financial situation – could change in 2020, so it’s a great time to make sure your activities still reflect your aspirations and priorities.
Small businesses need capital to grow, and cash flow is rarely enough to cover the investment that opportunity requires. Microloans offer an ideal balance of accessibility and affordability for small business growth.