August 2024
Understanding Taxes on Real Estate Gains
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through [...]
Cash or Accrual Accounting: What’s Best for Tax Purposes?
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify. However, some businesses may be [...]
Protecting Yourself and Your Employees from Identity Theft and Fraud
In today’s digital age, the threat of identity theft and fraud has never been more prevalent. With cybercriminals becoming increasingly sophisticated, it’s essential to understand the risks and take proactive steps to safeguard your personal [...]
Understanding Consulting vs. Advisory Services: What’s the Difference?
As businesses grow and evolve, the need for external expertise becomes increasingly vital. Whether it's navigating complex financial landscapes, optimizing business processes, or planning for future growth, the right professional support can make all the [...]
July 2024
Business Website Expenses: How They’re Handled for Tax Purposes
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are established rules that generally apply to the deductibility of business [...]
How are Series EE Savings Bonds Taxed?
Savings bonds are purchased by many Americans, often as a way to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in 1980. From 2001 to [...]