by Admin | Oct 17, 2023 | Business Taxes, Tax Planning
As an employer or an employee one intricacy of tax laws and regulations that often goes unnoticed is the concept of Accountable Plans. These plans, when implemented correctly, can provide significant tax benefits for both employers and employees. Under the Tax Cuts...
by Admin | Oct 17, 2023 | Individual Taxes, Tax Planning
As the current 30-year mortgage rate hovers at 8%, and the 10-year treasury approaches 5%, it’s crucial to understand the implications of rising interest rates on personal finances. Depending on your life stage and financial situation, these changes can bring...
by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
The Importance of Business Succession Planning Every business – large and small – needs a business succession plan. Just like Warren Buffett and Jeff Bezos prepared for the day that they would step away from the C-suite, every small and mid-sized business owner...
by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Tax Planning
If your partnership has been treating you and other partners as employees of a disregarded entity owned by the partnership so the partners can participate in employee benefit plans and receive other employee benefits, you’d better read this. Tax regulations (1) issued...
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...
