The answer, as is the answer with many tax questions, is maybe. Despite the recovering economy, almost every business will incur a bad debt. If it is a legitimate bad debt, the Internal Revenue Service (IRS) allows business taxpayers to deduct the entire bad debt in the year incurred. The business bad debt deduction arises […]
Piemonte & Liebhauser LLC is a full-service business management and tax preparation firm dedicated to providing unparalleled support and first class service for entrepreneurs, performing artists, small business owners, athletes, and high net worth individuals.
The firm provides business management and bookkeeping services, as well as cash management, budgeting and financial reporting for individuals, trusts and commercial enterprises. We also offer a full suite of custom services such as real estate, investment and insurance management, business plan and financial projections preparations, and international business support.
Piemonte & Liebhauser’s services are offered in both an all inclusive and a-la-carte payment arrangement to best accommodate our client’s needs.
Whether you are becoming a star or running your own business, the last thing you have time to focus on is how to manage your money. That is where we come in.
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Security is Everyone’s Concern…. but whose responsibility? We have all watched the news lately and thought, how could that have happened? We assume that we go to a concert or show and we are safe. We assume as musicians that the venue will have that covered. Whose responsibility is it to make sure we can […]