by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Tax Planning
A recent Stanford study reviewed the aftermath of the Enron collapse and the repercussions to Enron’s accounting firm’s former clients. The primary trend they identified was when former clients issued accounting restatements or revisions because of...
by Admin | Sep 12, 2023 | Entrepreneurial, Individual Taxes, Tax Planning
Deductions When a Rental Property Is Converted to a Personal Residence Converting a rental property to a personal residence raises unique tax implications. If you own a home that you currently rent out and are thinking of converting the property to use as your...
by Admin | Aug 22, 2023 | Business Taxes, Entrepreneurial, Tax Planning
The Inflation Reduction Act that President Biden signed into law in August of 2022, has a provision that could benefit many small business startups, allowing them to potentially double the amount of the research and development tax credit that can be used against...
by Admin | Aug 22, 2023 | Entrepreneurial, Tax Planning
we can all agree that Scarlett Johansson and Tom Hiddleston act for a living. Likewise, the artists whose works sell for millions are clearly in the art business. It took a commitment but they’ve transcended the joy of the activity they love to making a...
by Admin | Jul 26, 2023 | Entrepreneurial, Tax Planning
Ask any experienced entrepreneur and they will tell you that the difference between running a business and running a successful business is massive. To truly give yourself the best chance of success, and to help achieve your overall goals in the most effective ways...
by Admin | Jul 19, 2023 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
Thanks to Inflation Reduction Act resources, the IRS delivered dramatically improved service in filing season 2023. IRS achieved an 87% level of service. Through the end of filing season, IRS answered 3 million more calls, cut phone wait times to three minutes from 28...
