Appraisals Aren’t Just for Businesses Anymore
Whether you’re in the process of making a retirement or estate plan or intend to donate property to charity, you’ll need to know the value of your assets. For many …
File Your 2023 Tax Return Early – Here’s why.
The IRS will soon announce the opening of the 2023 individual income tax return filing season. Even if you typically don’t file until much closer to the April 15 deadline …
Pitfalls: First-year Bonus Depreciation and Sec. 179 Expensing
Eligible taxpayers can elect to use bonus depreciation or Section 179 expensing to deduct the full cost of eligible property in the year it’s placed in service. Alternatively, they may …
Is an LLC Right For Your Small Business?
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a …
3 Estimated Tax Payment Strategies
Many individuals today are self-employed or generate income from interest, rent, dividends, and other sources. If you’re in that situation, you could be risking penalties if you don’t pay enough …