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What is Nexus and How Might it Affect You and Your Business

In today's business environment, companies are looking to expand and grow into new markets, and the information age is providing the opportunity to deliver products and services to multiple states and countries, quickly and cost effectively. But with market expansion comes tax ramifications that business owners may not be factoring into their plans. Nexus is a connection or link associating two or more people or things. Businesses and sales, businesses and employees, businesses and contractors, individuals and investments: any of these could be a nexus creating relationship. State tax jurisdictions are working hard to identify these relationships, thereby tying your business to that state.

2014 Depreciation Changes: Is Your Business Preparing for the Impact?

Bonus Depreciation: What If It's Really Gone? From 2008 to 2013, business owners were able to take advantage of a popular tax break for new equipment purchases. The tax break, known as “bonus depreciation,” allowed businesses to deduct, depending on the year, either 50% or 100% of the cost of new equipment in the year of purchase, through a special bonus depreciation deduction. Any remaining cost was then depreciated over the tax life of the equipment. As it was originally meant to be a temporary stimulus measure, this federal income tax provision expired on December 31, 2013 and, as of this writing, has not been extended for assets purchased in 2014. Although it is still possible for Congr

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