Archive | Dalby, Wendland & Co. News

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Estate Planning: Real Estate and Tenancy-in-Common

Estate Planning: Real Estate and Tenancy-in-Common If you hold significant real estate investments, tenancy-in-common (TIC) ownership can be a powerful, versatile estate planning tool. A TIC interest is an undivided fractional interest in property. The property isn’t split into separate parcels. Rather, each TIC owner has the right to use and enjoy the entire property. […]

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Tax-Free Fringe Benefits

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Tax-free fringe benefits are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with various types of insurance on […]

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Should Cloud-Based Software Setup Costs be Expensed or Capitalized?

Companies will be able to capitalize, or spread out the costs of, setting up pricey business systems that operate on cloud technology under an update to U.S. Generally Accepted Accounting Principles (GAAP). Here are the details. FASB responds to business complaints Over the last three years, businesses have complained to the Financial Accounting Standards Board […]

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Cost Segregation Study May Help Accelerate Depreciation Deductions

Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the potential benefits are now even greater due to enhancements to certain depreciation-related breaks under the […]

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DWC’s Michael Brooks Recognized as Young Professional of the Quarter

Congratulations to Dalby Wendland accountant Michael Brooks for recently being recognized as Young Professional of the Quarter by the Young Professionals Network of Mesa County (YPN). YPN is a commitee within the Grand Junction Chamber. Their mission is to connect young professionals from diverse backgrounds, empower personal and professional growth, and strengthen the Grand Valley’s […]

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Two Ways to Transfer a Family Business

Two Ways to Transfer a Family Business For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the transition of ownership from one generation to the next. The best approach depends on your particular circumstances. If your net worth is well within the estate tax exemption […]

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