6 Key Tax Q&As for 2023
You may be more concerned about your 2022 tax bill than you are about how to handle your personal finances in the new year. However, as you deal with your …
Have you considered a cost segregation study?
Because of the economic impact of inflation, many companies may need to conserve cash and not buy much equipment this year. As a result, you may not be able to …
The Pros and Cons of a Nonqualified Deferred Compensation Plan
Nonqualified deferred compensation (NQDC) plans allow participants to set aside large amounts of tax-deferred compensation while enjoying the flexibility to schedule distributions to align with their financial goals. However, the …
What’s your taxpayer filing status?
For many people, December 31 means a New Year’s Eve celebration. However, from a tax perspective, it means thinking about the filing status you’ll use when filing your tax return …
Selling Trade or Business Property? Know the Tax Effects
Many rules can potentially apply to the sale of business property, but what are the tax consequences? For simplicity, let’s assume that the property you want to sell is depreciable …