Planning an Exit Strategy for Your Business
© 2023Every business owner should have an exit strategy that helps recoup the maximum amount for his or her investment. Understanding the tax implications of a business sale will help...
04 December, 2023
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Distinguishing Repairs from Improvements in Business Expenses
For business owners, determining whether they’re making repairs or improvements can be tricky — but it’s important to be aware that the distinction can have real tax consequences. This article...
22 November, 2023
IRAs are Subject to the Unrelated Business Income Tax
IRAs are subject to the unrelated business income tax...
07 April, 2023
Business Interest Expense: How Much Can You Deduct?
The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their...
05 April, 2023
Expired and Expiring Tax Provisions That May Impact You and Your Business
The Tax Cuts and Jobs Act of 2017 made several sweeping changes to the tax code. However, many provisions contained a “sunset” or expiration date. This article will review several...
24 February, 2023