Topic: An Overview of the Final IRS Section 263(a) Tangible Property Regulations
Speakers: Michelle Outerbridge and Paul Turner of Berman Goldman & Ribakow LLP (bgr CPAs)
Michelle Outerbridge, CPA, CFP will discuss the IRS issued final regulations which provides guidance on the applications of sections 263(a) of the Internal Revenue Code. The final regulations provide guidance for taxpayers in determining whether taxpayers must capitalize costs incurred in acquiring, maintaining or improving property. The effective date of the regulations is for taxable years beginning on or after January 1, 2014.
The regulations address, amongst other things:
- Guidance for treatment of materials and supplies
- De Minims Safe Harbor Election
- Factors to include in the acquisition cost of capital assets
- Improvement costs
Please come and listen to the presentation by bgr CPAs that addresses how controllers can be part of integrated solution to help companies comply with the new regulations.
Description of the firm:
bgr CPAs provides personalized, full-service accounting, auditing, consulting and tax services to a diverse group of corporate and individual clients. In business since 1939, bgr CPAs has continually evolved, dissecting the ever-changing tax laws and regulations affecting businesses and their owners, and positioned ourselves at the cutting edge of accounting and business consulting. Our core competency is accounting and all of our partners are CPAs but we’re also broadly experienced and credentialed. We’re MBAs, Certified Valuation Analysts, Certified Fraud Analysts, Certified Financial Planners and Certified Divorce Financial Analysts. Whether you are looking for accounting or auditing services, tax planning and preparation, financial advice or one of our many other services you can count on bgr CPAs to review every aspect of your situation to help you attain your financial objectives.
Please bring your name tag/name tent and resume and copies to share.
Michelle Outerbridge began her career with bgr CPAs in 1998 and was promoted to Partner in 2012. A graduate of the College of William and Mary, she received her Bachelor\'s Degree in Liberal Arts.
Ms. Outerbridge concentrates her practice in the areas of non-profit, real estate, and automobile dealerships. Michelle co-presents a workshop entitled \"Smart Start Your Business\" at the Center for Business Technology Development, is an active member of the Howard County Chamber of Commerce and serves as Treasurer on the board of HC DrugFree.
Additionally, Ms. Outerbridge completed the necessary coursework to become a Certified Financial Planner.