5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season
Do you feel that you pay too much in tax? You’re not alone. The General Accounting Office estimates that Americans over-pay their taxes by almost
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Recent blogs
The Four Types of 1031 Real Property Exchanges: How to Make This Tax Deferral Strategy Work for You
Real estate can be a profitable investment, but once the investor is ready to sell, they also have to be ready to take a hit
Parting Ways on Property Investments: How Partnerships Can Leverage the 1031 Exchange
In our last blog, we discussed the benefits of the 1031 exchange. This IRS rule allows property owners to delay paying capital gains taxes if
You Can’t Avoid Tax, but You Can Defer It: How Property Owners Can Leverage the 1031 Exchange
If you own a business or investment property, deciding when to sell it can be complicated, in part because of the hefty taxes you will
FAQs about the New Beneficial Ownership Information Reporting Requirement
The new year means new small business regulations—courtesy of the Corporate Transparency Act. Starting on January 1st, 2024, many small businesses now need to submit
Are You Ready for the New Beneficial Ownership Information Reporting Requirement?
As the new year begins, small business owners are likely focused on coming out of the gate strong, ready to tackle new revenue goals or
How Exporting Goods Can Lead to Tax Savings: Setting Up an IC-DISC
Are you an exporter? If any of the products that you manufacture, produce, grow, or extract in the U.S. are sold in other countries, you
How Exporting Goods Can Lead to Tax Savings: Discovering the IC-DISC
If your company sells goods made in the U.S. to foreign countries, you will want to familiarize yourself with this tax incentive: the interest charge
Qualified Opportunity Funds – A Once in a Generation Tax Incentive to Grow Wealth
Sometimes we don’t recognize a good thing until it is gone. For most, that is turning out to be the case with Qualified Opportunity Funds
Making the Most of Business Partnerships: How to Qualify for Special Tax Allocations
One of the hidden benefits of setting up your business as a partnership is the ability to use special tax allocations. Because a partnership is
Making the Most of Business Partnerships: How to Use Special Tax Allocations
Many entrepreneurs shy away from choosing a partnership as their entity type. A partnership is simply a formal agreement between two or more parties to
