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Bucheri McCarty & Metz LLP
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This is a common question we receive from our business and rental real estate clients and the answer is always, “Well, it depends.” Roofing costs must be capitalized if they are considered a capital improvement which is defined as an amount paid after a property is placed in service that results in a betterment, restoration or adaptation. Below, we take a practical look at each of these categories in relation to roofing repairs to determine which costs may qualify for expensing.
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Last Friday was the annual Indiana CPA Society "CPA Day of Service". BMM team members spent the day helping Habitat for Humanity of Kokomo.
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Team BMM made another strong showing in this years Kickball League - finishing 2nd!!
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Team BMM had a blast at the 2017 Runnin' the Shores 5K! The event helps benefit the St. Vincent Kokomo Foundation.
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It’s time for school to start once again. Whether you have children in school or are a teacher, you are most likely incurring educational expenses this time of year. Now is a great time to determine if those expenses can help lower your Indiana income tax liability. Indiana offers several deductions and credits for both individuals and corporations relating to education.
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Last Friday, we previewed our new downtown Kokomo office. It was a great time! A ribbon cutting ceremony was part of the festivities. We hope to occupy the new office by mid-August. Can't wait!!
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You’ve worked your entire life, it seems, and now you’re finally thinking about enjoying “the golden years”. When making this decision, there are some important financial items to consider.
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Come check out BMM’s new downtown Kokomo office. Everyone is invited!!
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Team BMM brought home the silver medal in Saturday's Beach Volleyball Tournament which benefited the Howard County CASA Program. Bump. Set. Spike!!
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6/20/17
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During a recent press conference, the IRS announced it would soon begin notifying taxpayers with long outstanding federal tax debts that their accounts have been assigned to a private debt collector.

http://www.bmmcpas.com/article.php?slug=irs-begins-use-of-private-collection-agencies
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