Tax Advantages of Owning a Home

Tax Advantages to Owning a Home Mortgage interest One of the biggest incentives to owning a home is that the interest you pay on your mortgage is tax-deductible. This deduction, like most other tax breaks for homeowners, applies to any kind of home. That includes a second home, as long as you spend a certain amount of time there: either 14 days each year, or 10 percent as much time as it’s...
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Capitalize or Expense?

Incorrectly capitalizing an item or expensing an item has deep ethical, legal and accounting ramifications. Capitalizing an item is when an organization recognizes that item as an asset, and depreciates it over time in order to recover the costs associated with acquiring the item. Expensing the item realizes the cost in one lump sum. Companies may be tempted to do either practice depending on...
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The Changing Landscape of Work in the Twenty-first Century

In recent years the United States has seen a dramatic shift in employment trends.  The dynamics in current labor markets have changed, propelling some workers up the social ladder and others down.  Many cities across the United States have been abandoned, and “brown fields” continue to grow despite efforts to keep manufacturers from continuing their quest to find cheap labor.  However,...
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