Part 3: Tax Planning for Real Estate Investors: Understanding Depreciation and Recapture
When working with clients on real estate investments, you will need to prepare them for a higher level of tax complexity. This might mean encouraging
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Recent blogs
Tax Strategies for Selling an S Corporation: Failing the §302 Stock Sale Tests
As a tax planner, when a client approaches you about selling their S corporation, one of the first questions to ask is whether they are
Tax Strategies for Selling an S Corporation: Planning for an Asset Sale
Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous
How Partnering with Technical Experts Makes It Easier to Offer Services to Your Clients
Brought to you by Tri-Merit High-performing accounting firms focus on providing high-value, specialized services tailored to their clients’ needs. If you are offering tax planning, that
Ethical Considerations for Tax Professionals: Standards and Penalties for Tax Positions
When tax professionals prepare a tax return, they are typically aiming for the return to be correct “beyond a reasonable doubt.” However, this is hardly
Ethical Considerations for Tax Professionals: Determining Fees
Every tax professional needs to be conscious of how to manage their practice ethically. An important resource in this matter is Circular 230, a publication
Tax Planning Versus Preparation – What is the Difference? – Part 2
By Dominique Molina, CPA MST CTS Tax planning is making shifts in a taxpayer’s financial and business situation, to minimize their tax burden both in
Tax Planning Versus Preparation – What is the Difference? – Part 1
By Dominique Molina, CPA MST CTS Visit social media or google these days and you’ll most likely see advertisements for Tax Planning. But many taxpayers
How Savvy Firms Free Up Capacity, Without Adding Staff
Talent has always been something that firm leaders have had to manage carefully, but this year seems especially difficult and many firms are wondering what
Tax Planning for Retirement Plans: The Underestimated Value of Social Security
A common retirement planning myth is that Social Security benefits won’t be around for much longer. Generation X, Millennials, and Gen Z are jokingly told
Tax Planning for Retirement Plans: Roth IRAs and the Five-Year Rule
Roth IRAs have become a popular option for flexible retirement planning. A benefit to this type of retirement account is the fact that contributions to