Dannible & McKee, LLP

Intangible assets like patents, trademarks and goodwill are vital to business value, but their tax rules can be complex. Key Points: - Costs to acquire or create intangibles (e.g., patent defense, licenses) must often be capitalized, not deducted immediately. - Some expenses under $5,000 or with benefits under 12 months may qualify for immediate deductions. - Navigating IRS rules and exceptions requires careful planning to avoid errors. Read this article at the link in comments by our tax partner Mickel Pompeii, CPA, CDA to learn how proper management of intangible assets is crucial for tax efficiency. #DannibleMcKee #TaxExperts #TaxStrategy #IntangibleAssets #BusinessTax #FinancialPlanning

Not all business travel expenses are tax deductible. #DannibleMcKee #travel #travelexpenses #whatyouneedtoknow

When selling business assets, understanding the tax implications is key to making informed decisions. One area you should pay close attention to is Section 1231 of the Internal Revenue Code, which impacts how gains and losses from the sale of certain business property are treated. To learn more about the different types of gains and losses, including how Sec. 1231 assets can lead to favorable tax treatment, as well as tips for avoiding the Nonrecaptured Sec. 1231 Loss Rule, read our latest article. Don't miss out on crucial tax-smart strategies that can help you navigate these complex rules at the article in the comments. #DannibleMcKee #TaxPlanning #BusinessAssets #Section1231 #TaxStrategy #SmallBusiness #TaxExperts

What is one of our favorite busy season traditions? Treating our team to a delicious breakfast every Wednesday morning! It’s the perfect way to keep energy up, spirits high and show appreciation for their hard work and dedication. Today, we’re kicking it off with fresh, tasty bagels—a little boost to help power through the day. 🥯 Here’s to starting the day with positivity, because a happy team is a productive team! 💪🎉 #DannibleMcKee #DMpride #NationalBagelDay #TeamAppreciation #WorkplaceCulture #EmployeeExperience

Busy season is upon us, and one of the most crucial realities is ensuring our employees are taken care of during this busy and stressful time. Today, our firm hosted a mentor lunch in honor of National Mentor Month, which provided all of our employees with resources and tools on how to navigate the next few months as they work to meet deadlines for clients. #DannibleMcKee #DMpride #mentor #lunchandlearn #employeeexperience #busyseason

AI is revolutionizing workplaces, offering incredible efficiencies—but it also brings risks, especially around fraud. Fraudsters can use AI to create realistic fake documents, phishing emails and falsified data, making it harder to detect bad actors. But AI can also be a game-changer in detecting and preventing fraud! Generative AI can quickly analyze large data sets, flag suspicious activity and identify weak spots in internal controls before they’re exploited. Think of AI as your “fraud copilot,” keeping your business safe. One of our fraud experts, Erin Heindl, dives into this topic at the link in the comments. #DannibleMcKee #DMpride #fraudexperts #AI #FraudPrevention #BusinessSecurity #TechTips

Quiz: If you make estimated tax payments, what’s your first filing deadline for the 2025 tax year? #DannibleMcKee #tax #taxdeadlines #tax2025 #taxexperts

Our 23rd Annual Nonprofit Conference was a success! A huge thank you to everyone who attended and to our incredible speakers for sharing their expertise: Peggy J. Rowe, CPA, CFE Taylor Green, MBA Shannon Forkin, CPA, CGMA Elaine Buffington, CPA Angela Janack, CPA Christine Petrone, CPB Special shoutout to our keynote speaker, Gwen Webber-McLeod, for her inspiring talk on how nonprofits can thrive through big changes. If you missed out this year, don't worry! We'll be back next year with even more valuable insights. Stay in the loop on conference details and the latest nonprofit news—sign up for our newsletter and select "Nonprofit" to get all the updates! #DannibleMcKee #NPOexperts #NPOconference #NonprofitLeadership #BoardOfDirectors #NonprofitCompliance #NonprofitManagement #CPE

🚨 Potential big changes ahead for tax policy this year under President-Elect Donald Trump! 🚨 Key proposals include: - Corporate tax rate cuts: A further reduction to 15% for U.S.-made products. - Business tax benefits: Immediate expensing for R&D costs, 100% first-year bonus depreciation, and higher Sec. 179 expensing deductions for small businesses. - Individual tax changes: Potential elimination of the $10k SALT cap, tax breaks for restaurant workers, and possible deductions for car loan interest and hurricane-related expenses. - Trump has also proposed tariffs on imports, especially from China and Mexico, and a rollback of the Inflation Reduction Act, potentially cutting clean energy tax incentives. Read more in depth on the promises of major shifts in tax law at the link in the comments below. #TaxPolicy2025 #TrumpTaxProposals #GOPCongress #BusinessTaxes #IndividualTaxes #InflationReductionAct #Tariffs

🎉 We're kicking off our January birthday celebrations with a sweet (but healthy!) treat! Employees across our office locations enjoyed a build-your-own yogurt parfait bar—a perfect way to start the day, whether as a breakfast boost or mid-morning treat. 🥣 #DannibleMcKee #DMpride #birthdaycelebrations #employeeexperience