If you own rental properties or real estate investments, you should be well informed about the tax consequences.
In fact, real estate
As you (hopefully) know by now, the IRS extended tax filing deadlines from the traditional April 15 as a response to the Covid-19 pandemic. With most states under some form of stay-at-home orders, the federal government deemed it would be …
1. Incorporate correctly
One of the most important decisions we’ll make as you establish your Amazon business is how to incorporate the right way. Choosing the best business structure is crucial for growth, profitability, and also managing your tax liability, …
Selling on Amazon.com can be financially rewarding, but there’s a lot of hard work, diligence, and even risk that comes with being an online seller, particularly when it comes to taxes.
But there’s also a significant upside to being an …
Save the Date (for the IRS) – important tax deadlines for 2020
There’s nothing worse than missing an important deadline because it wasn’t circled on the calendar, and that’s especially true when it comes to critical dates for filing your …
With tax season around the corner, it’s important that you begin to consider what institution you want to file your taxes with. While not everyone takes …
New IRS 199A Regulations Benefit Out-of-Favor Service Businesses
If you operate an out-of-favor business (known in the law as a “specified service trade or business”) and your taxable income is more than $207,500 (single) or $415,000 (married, filing jointly), your …
The coastal community of Deerfield Beach in South Florida is a city on the move. More investors are pouring money into this rapidly growing town in Broward County. But of course, if you’re investing in real estate, you also need …
Finally, lawmakers did the right thing by increasing the luxury auto depreciation limits on business cars.
The old luxury limits were unrealistic, punitive, unfair, and discriminatory against any car that cost more than $15,800. The new limits don’t create parity …
Smart tax-planning, an ongoing process, is crucial for small business owners and your success. Effective tax planning can help limit your tax liability, and so much more. If you’re looking for the absolute best small business tax planning company in …
Many individuals have the opportunity to donate to charities every paycheck using tax preparation services in Miami. Their payroll automatically deducts the payment from their pay and puts it into an account of their choosing. While this is a …
It’s not quite the end of the year, but that doesn’t mean that business owners shouldn’t get a head start on their tax planning strategies in Miami. Tax planning can happen all year round, and with these six tips, …
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