Avoiding Capital Gains Taxes with a 1031 Exchange
Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. This article highlights what that is, how it
Treatment of Business Expenses Paid with PPP Loan Funds
In December 2020, Congress passed the Consolidated Appropriations Act, 2021. The Act includes the COVID-related Tax Relief Act of 2020, which provides
Tax Concerns for the Self-Employed
If you’re in business for yourself, you know how challenging it can be to run your business and keep on top of
Economic Injury Disaster Loans in 2021
The purpose of Economic Injury Disaster Loans (EIDL) is to help businesses meet financial obligations and cover operating expenses that could have
Employee Retention Tax Credit (ERTC)
Eligible employers are entitled to an Employee Retention Tax Credit (ERTC) of up to 70 percent of the first $10,000 in wages
Five Strategies for Tax-Efficient Investing
As just about every investor knows, it’s not what your investments earn, but what they earn after taxes that counts. After factoring
Avoid Costly Payroll Errors with These Tips
Payroll is one of the most important aspects of any business, but it’s one that, when running smoothly, business owners don’t tend
Business Meals are Deductible Again: Here’s What You Need to Know
The Consolidated Appropriations Act of 2021 brings a favorite business tax deduction back to life. The so-called “three-martini lunch” is in vogue
Three Tax-Friendly Strategies for Charitable Giving
Obtaining a significant tax benefit for charitable contributions may be a little harder than it used to be, but it’s not impossible.
Renting Residential Real Estate – A Tax Review for the Nonprofessional Landlord
Investing in residential rental properties raises various tax issues that can be somewhat confusing, especially if you are not a real estate
Small Business Health Care Tax Credit
Paying employees seems easy enough. Their hours are logged, and you sign the checks; however, there’s more to payroll than that, and
Crowdfunding — Exploring the Tax Implications
Crowdfunding — or funding a project through the online contributions of many different backers — is becoming increasingly popular. If you are