Cost Segregation Studies and the Business Owner Benefits
Any business owner who’s acquired, constructed or substantially improved a building this year — or even in previous years — should read up on the tax benefits of a cost …
Bunching Medical Expenses for Tax Purposes
Some medical expenses may be tax deductible, but only if you itemize deductions and you have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may …
Tread Carefully
It’s common for owners of closely-held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly. If you don’t, you might hear …
How to Assess Worker Misclassification Risk
Classifying a worker as an independent contractor frees a business from its portion of payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation, and other employee …
Appreciated Artwork – A Best-Of Charitable Gift
From a tax perspective, appreciated artwork can make one of the best charitable gifts. Generally, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction …