A combination of lingering inflation, high interest rates, and growing caution among investors has many business owners wondering how they’ll fund their next move. Whether it’s financing equipment, expanding your facility, or opening a new location, the money has got...
If you’re a landlord or thinking of investing in real estate, you’ve probably heard that forming an LLC (Limited Liability Company) is a smart move. But is it necessary? Not always. Here’s what you need to consider before making the decision. Benefits of forming an...
Confusion around the tax treatment of short-term and long-term rentals is a common challenge facing real estate investors, owners of vacation property, and even homeowners looking to add monthly cash flow by renting out space in their primary residence. In this...
Selling your home at a profit typically rewards homeowners with one of the biggest opportunities for tax-free earnings available in the tax code. But sometimes, taxpayers don’t realize until it’s too late that they don’t qualify for the full...
As a small business owner, setting up a retirement plan for your team might feel like an expensive, complicated endeavor – but with available tax credits from the SECURE Act, it doesn’t have to be. *Most employers with 100 or fewer employees who do not...
If you’ve done much research into investing in rental real estate, you’ve probably come across the acronym MACRS – and may be wondering exactly what it means. In this post, we’ll explain what the Modified Accelerated Cost Recovery System is, and how understanding...
Owning a wedding business is rewarding, but every dollar you miss in tax deductions is money out of your pocket. Many small business owners in the wedding industry don’t realize how much they’re overpaying in taxes simply because they aren’t claiming the right...
Running a wedding business means juggling clients, timelines, contracts, and creativity—but what about taxes and finances? Many wedding planners, photographers, florists, caterers, and venue owners try to manage their books on their own, only to realize too...
As a small business owner in the wedding industry, you’ve probably heard about S-Corporations (S-Corps) as a way to lower taxes and protect your personal assets. But is an S-Corp the right choice for your wedding planning, photography, floral, or catering...
Virtually every taxpayer understands that selling rental real estate falls under entirely different taxation rules than your primary residence – but there’s a lot more to the equation than knowing you’ll potentially owe for capital gains. Here are 10...
