Our Tax Blog
A collection of our articles on various aspects of taxes. We cover Tax Representation subjects (collections, liens, levies, penalty abatement), individual tax situations, and business taxes.
COST SEGREGATION
Unlocking Tax Savings with Cost Segregation Cost segregation is a critical tax-saving strategy for small business owners who own commercial or residential rental properties. This approach involves identifying property components and improvements that can be...
SALE OF HOME GAIN EXCLUSION
Capitalizing on Home Sale Tax Exclusions Selling your primary residence can offer significant financial benefits, including the ability to exclude gains from capital gains tax. This article explains the Sale of Home Gain Exclusion, its eligibility requirements, and...
HOME OFFICE MILEAGE DEDUCTIONS, AKA HOME ADMINISTRATIVE OFFICE
Enhancing Tax Efficiency: Home Office Mileage Deductions for Small Business Owners For small business owners, the home office mileage deduction offers a pathway to reduce taxable income by claiming expenses related to business use of a vehicle from a home office. This...
SIMPLE IRA (BUSINESS)
Simplifying Retirement Planning with the SIMPLE IRA for Small Business Owners Introduction: Navigating retirement planning can seem daunting for small business owners, but the SIMPLE IRA provides a straightforward solution. This blog post will explain the SIMPLE IRA...
HEALTH SAVINGS ACCOUNTS (HSA) BUSINESS
Enhancing Employee Benefits with Health Savings Accounts (HSAs) for Small Businesses Health Savings Accounts (HSAs) provide small business owners a tax-advantaged way to offer healthcare benefits to employees. This guide details the eligibility requirements, benefits,...
MEDICAL REIMBURSEMENT PLAN
Enhancing Employee Benefits with Medical Reimbursement Plans For small business owners, creating competitive employee benefits while managing tax efficiency is paramount. Medical reimbursement plans offer a compelling way to provide health benefits and gain tax...
R&D (ALTERNATIVE SIMPLIFIED CREDIT)
Driving Innovation: Leveraging the Alternative Simplified Credit for R&D For small business owners, investing in innovation is crucial. The Alternative Simplified Credit (ASC) under the R&D tax credit scheme offers a way to reclaim some of the costs associated...
R&D ENERGY RESEARCH CREDIT
Harnessing the Energy Research Credit for Enhanced R&D Tax Savings Small business owners should seize every tax-saving opportunity to boost growth and innovation. The Energy Research Credit, linked to the R&D tax credit, offers substantial benefits for...
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