Ever wonder how someone is selected by the IRS for an audit? A computer program called the Discriminant Inventory Function System (DIF) assigns a numeric score to each individual return after it is processed. The higher the DIF score, the higher the potential that an exam will result in [...]
DAVID R. NATAN PROFILED IN THE BOSTON BUSINESS JOURNAL Waltham, MA - February 4, 2011 - Newburg & Company, LLP is pleased to announce that partner David R. Natan was chosen by the Boston Business Journal as part of their "Accounting: A Who's Who for 2011". David was amongst [...]
100% bonus depreciation is allowed after September 8, 2010 and before January 1, 2012 The 2010 Tax Relief Act provides that the bonus depreciation percentage is 100% (instead of 50%) for "qualified property" that is placed in service after September 8, 2010 and before January 1, 2012. The new [...]
Since 1984, Newburg & Company, LLP has been working with restaurants throughout the New England area. Below, we have compiled a list of some of the more important tax and accounting issues impacting restaurants and bars today (in no particular order of importance). 1. DEPRECIATION OPPORTUNITIES The cost of updating and [...]
