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Business Strategy Archives - Delap CPA

10 Nov

Economists Predict Positive Housing Forecast for 2017

November 10, 2016 | By | No Comments

The 2017 housing forecast—put on by our friends at the Home Builder’s Association of Portland (HBA) and Parr Lumber, generated a significant crowd (and buzz!) last Friday morning, as 500 attendees gathered for an analysis of the 2017 housing market. The audience was filled with companies across the home builder, real estate, and land development […]

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31 May

Liability Allocations and Why They Should Matter to You

May 31, 2016 | By | No Comments

Ever noticed that section titled “Partner’s share of liabilities at year end” on your Schedule K-1? If you haven’t, cut yourself some slack because it’s easy to miss. These three lines in Section K titled “nonrecourse”, “qualified nonrecourse financing” and “recourse” are unique to partnership K-1s. While they may seem merely informational, they are actually […]

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03 Dec

Tax Update: De Minimis Safe Harbor Increase

December 3, 2015 | By | No Comments

Due to a recent change by the IRS, we want to update one of our previous blog posts published back in December of 2013. Among other subjects, this blog post outlined the original $500 de minimis safe harbor limit in the Tangible Property Regulations, which was relevant to taxpayers that did not have an applicable […]

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20 Oct

You’ll Get a Kick Out of This.

October 20, 2015 | By | No Comments

Oregon has announced a “tax kicker” for your 2015 Oregon individual tax return. This means that Oregon will be refunding some of the tax you paid with your 2014 tax return. Calculating your 2015 tax kicker – The refund will be calculated by multiplying your 2014 tax liability before credits (line 31 of Form 40) […]

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06 Aug

Keeping Up With GAAP – Inventory Measurement

August 6, 2015 | By | No Comments

For as long as we can remember, well – for most of us, generally accepted accounting principles (GAAP) requires inventory to be recorded at cost and subsequently measured at the lower of cost OR market. Sounds easy, but market could mean replacement cost, net realizable value, or net realizable value less an approximately normal profit […]

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