September 2022
Seller-Paid Points: Can Homeowners Deduct Them?
In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared with last year. “The ongoing sales decline reflects the impact [...]
Separating Your Business From Its Real Estate
Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business? You may want to rethink this approach. Any short-term benefits [...]
Winner Of The NorthBay Biz Best Accounting Firm Gold Award
We want to thank all of our clients, friends, family and readers of the NorthBay Biz who voted for us and have supported us for all these year. We are honored to win the Gold [...]
Want To See Into The Future? Delve Deeper Into Forecasting
For a company to be truly successful, its ownership needs to attempt the impossible: see into the future. Forecasting key metrics — such as sales demand, receivables, payables and working capital — can help you [...]
Is Your Income High Enough To Owe Two Extra Taxes?
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may [...]
Year-End Tax Planning Ideas For Your Small Business
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income [...]