Resources & Insights

Categories

A cost segregation study may cut taxes and boost cash flow

Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash...
Arrow

Regulating the Unpredictable: A Look-back on the Bank Failures in the Digital Era

Prepared & Written by:John Lowell, PMP, Noureddine Naamani, Jose Roman, CPA, CFE | Hancock Askew & Co. In the dynamic world of finance, banks play a...
Arrow

Business automobiles: How the tax depreciation rules work

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and...
Arrow

What types of expenses can’t be written off by your business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed....
Arrow

The tax implications of renting out a vacation home

Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you may want to rent it out for part of the year. The tax implications...
Arrow

Update on depreciating business assets

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to...
Arrow

Selling your home for a big profit? Here are the tax rules

Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing...
Arrow

Investment swings: What’s the tax impact?

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end...
Arrow

Hancock Askew & Co. is Excited to Announce, Camille Pacht, Director of Business Valuations, has Joined the Firm

Atlanta, GA (September 13, 2023) – Hancock Askew & Co., LLP (HAC), a full-service audit, tax, accounting and advisory firm is proud to announce the hire...
Arrow

IRS announces tax relief for those impacted by Idalia in Florida

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. Taxpayers affected by the storm that began...
Arrow

Stay up-to-date

Remain informed and connected. Follow us and join our mailing list.

Savannah
Atlanta
Augusta
Miami
Tampa
Jacksonville
Orlando