The Surprising Overlooked Tax Benefits to Costly Real Estate Renovations and Clean Energy Investments
In the world of real estate, every decision can have a significant financial impact. Whether it's renovating a property, dealing with insurance headaches, or navigating the complexities of tax deductions, every detail matters. A recent conversation I was a part
A Tax Strategist’s Guide to Renovating Property for Rental Purposes
The Employee Retention Tax Credit (ERC) has emerged as a lifeline for businesses navigating economic uncertainties in the realm of COVID relief measures. Among the various strategies available to optimize ERC claims, the alternative quarter election stands out as a
Maximizing Tax Benefits for Your Property: A Comprehensive Guide
Investing in real estate, especially in short-term rental properties like Airbnb, offers significant financial potential. However, understanding the tax implications and available benefits is crucial for maximizing profits. In this guide, we'll explore how cost segregation studies and other tax
Ensuring a Reasonable Basis for Eligibility of the ERC: A Roadmap for Businesses
In the landscape of financial relief programs, the Employee Retention Credit (ERC) stands out as a vital lifeline for businesses navigating the economic challenges of the pandemic. However, accessing this crucial support requires more than just awareness – it demands
Exploring Essential Aspects of Tax Planning and Consulting
In the realm of tax planning and consulting, real-life scenarios often present complex challenges that require careful navigation. Take, for instance, a situation where a client finds themselves entangled in potential restaurant sale negotiations. Amidst the uncertainties surrounding potential buyers
The SBA is out of Money – Now What?
So if you didn’t get the PPP, what other options do you have? Well, quite a few actually. Take a look.
Car Guy
I’m a shop guy. I’ve spent my entire life in the automotive industry. Some of my earliest memories are running around my dad’s shop in diapers. I grew up in that auto body shop, working there on summer and winter breaks
What to Look Out for if You Took Government Aid
Your 2020 Taxes: What to Look Out for if You Took Government Aid Reducing taxes is complicated – who doesn’t cringe at the thought of tax season?! – but the 2020 tax season is shaping up to be one for the
R&D Credits for Auto Body
3 Ways Your Auto Body Business Can Get Tax Credits Normally Reserved for High-Tech Companies Maybe you don’t know much about Research & Development (R&D) tax credits – though they have been around since 1981, they have been growing in popularity
Next Crash
Are You Ready for the Next Market Crash? The Coronavirus Crash of 2020 took us all by surprise – many people and businesses are still recovering from the financial crisis resulting from COVID-19. With fears running rampant, we’re all wondering the