Abner & Cox, PLLC is an established accounting firm located in London, Kentucky. The Firm is a successor to the practice started by Mr. Fred Christian in the 1950’s and provides a full range of audit, accounting, income tax, and business consulting services to a wide variety of clients.
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If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it’s rented…
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs)…
Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was…