Article Library

Enjoy these timely and informative articles that can help you make informed decision about your business.

Real Estate Investment – Lower Overhead and Lower Taxes

Real Estate Investment – Lower Overhead and Lower Taxes

If you have invested before, you may be familiar with the saying “follow the big money.” It is usually used when discussing stock market investing and investing where the
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Depreciation – The Deduction that Keeps on Giving

Depreciation – The Deduction that Keeps on Giving

In business, there are expenses of operation and management, all usually deductible against income for taxes. For most, you spend the money, then you take the deduction which results
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Small Business Tax Help Never More Critical than from 2021 Forward

Small Business Tax Help Never More Critical than from 2021 Forward

While owning a small business has always been exciting and almost always financially rewarding, the challenges to success seem to be multiplying. With the entrance of various tax initiatives
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Trouble Finding Workers? – Get Help and a Tax Credit

Trouble Finding Workers? – Get Help and a Tax Credit

Since COVID-19 entered the picture, the U.S. economy and job market have been in flux. Between increased unemployment benefits and other incentives to stay at home, there are approximately
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Depreciable or Not? What the IRS Says

Depreciable or Not? What the IRS Says

A good place to start in a discussion of business depreciation is how the IRS defines it:

Section 1.263(a)-2(a) provides that capital expenditures include the costs of
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Employee or Independent Contractor – That is the Question

Employee or Independent Contractor – That is the Question

During National Small Business Week in September 2021, the IRS issued a news release reminding business owners to correctly identify their workers as employees or independent subcontractorsi. Though there
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What is the Difference Between the LLC and LLP?

What is the Difference Between the LLC and LLP?

To understand the difference between the LLC (Limited Liability Company) and the LLP (Limited Liability Partnership) forms of business entity structure, it is best first to understand the common
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What is an LLP When it Comes to Taxes?

What is an LLP When it Comes to Taxes?

The government loves titles and long descriptive terms, so many things end up mostly being referred to by acronyms. When it comes to business formations or tax entities, LLP
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What is a Qualified Joint Venture and Why Create One?

What is a Qualified Joint Venture and Why Create One?

A qualified joint venture is a special tax election made by a married couple who is jointly running a business.

With that short and sweet definition out
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