Digital Transformation: Embracing New Technologies to Stay Competitive
Introduction In an era where technology is advancing at an unprecedented pace, digital transformation is no longer a luxury but a critical component of business strategy. For business owners, winery and restaurant operators, and high-net-worth [...]
The Tax Advantages of Including Debt in a C Corporation Capital Structure
Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal tax code treats corporate debt [...]
Tax Tips When Buying the Assets of a Business
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the [...]
A Humble, Heartfelt Thanks: Celebrating Our Gold Award with You
We are thrilled and humbled to announce that Linkenheimer has once again been recognized with the Gold Award for the Best Accounting Firm in the North Bay. This marks the ninth time we have received [...]
Health Care Self-Insurance and Stop-Loss Coverage: What Business Owners Need to Know
For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan is simply one you buy [...]
Pay Attention to the Tax Rules if You Turn a Hobby into a Business
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn your sewing or photography skills [...]
Taxes When You Sell an Appreciated Vacation Home
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when [...]
The Pros and Cons of Turning Your Home Into a Rental
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and two-bedroom residences were $1,487 and $1,847, respectively, according to [...]
Watch Out for “Income in Respect of a Decedent” Issues When Receiving an Inheritance
Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While most inherited property is tax-free [...]
Essential Guide to Business Valuation for Business Owners
Understanding the value of your business is crucial for making informed decisions whether you're considering selling, seeking investment, or planning for future growth. Business valuation might sound complex, but it’s all about using the right [...]