In order to claim substantial reductions in current income tax liabilities and possibly increase cash flow, an investor must first begin by properly classifying investments in a building between real and personal property. Cost segregation allows a taxpayer to separately depreciate components of a building over a shortened depreciation period. For more information on cost segregation and to determine if a study will benefit you, read this C.P.A. Insight.
Both the self-employed and small businesses can establish retirement plans to provide benefits for you and your employees. Read more in this week’s Business Tip.
Starting a business soon? We have a checklist to help get you started with financing, taxes, insurance and more. Read more in this Business Tip.
Businesses have some hefty tax breaks expiring at year-end. Luckily, there is still time to take advantage of them. Read all about them in this Tax Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how you have to spend money to make money when starting a business. Read the Article
There is no such thing as an interest-free loan, even if you are an executive of a nonpublic company. Read more in this Business Tip.
If a sale of a closely held business is between family members or friends, the sale price may reflect that relationship. Read more in this Business Tip.
Flexible spending account plans may adopt a new $500 carryover rule, modifying the “use-it-or-lose-it” rule. We explain in today’s Marietta Daily Journal.
In a partnership business entity, items of income, loss, deduction, and credit pass through to the partners. Read more in this Business Tip.
Have you outgrown your business advisers? We look at four key areas where your advisers may be underperforming.
