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Margaret Wallis, CPA, Author at Delap CPA

02 Dec

How Significant Shifts in Tax Policy are Affecting Every Business

December 2, 2014 | By | No Comments

Although there are minor changes in tax law each year that only affect some taxpayers, every once in a while, a sweeping change that affects everyone comes along. The new regulations on tangible property, effective for tax years beginning on or after January 1, 2014, is an example of one of these rare, sweeping changes. […]

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17 Apr

Understanding Domestic Production Activities Deduction (DPAD)

April 17, 2013 | By | No Comments

What is DPAD? Domestic Production Activities Deduction, otherwise known as DPAD, was enacted as part of the American Jobs Creation Act of 2004 (code section 199).  With the purpose of providing a deduction for U.S. businesses, it simultaneously offset the repeal of a tax break for U.S. exporters. This deduction is allowed for both regular […]

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