Investing in rental properties can be a lucrative endeavor, but it’s crucial for business owners to understand the tax implications that come with it. Whether you’re purchasing your first rental
As a business owner, you’re likely always on the lookout for smart strategies to reduce your tax liability while supporting causes you care about. Charitable contributions are one of the
As a business owner, planning for your child’s college education is likely one of your top financial priorities. With the rising cost of tuition, fees, and living expenses, it’s crucial
Selling a rental property can be a lucrative move, but it also comes with a potentially significant tax burden. Fortunately, there are strategies available that can help you minimize or
Owning a vacation home or second property can be more than just a personal luxury; it can also be a strategic asset in your tax planning. By understanding how to
A recent case involving a Rochester businessman pleading guilty to a tax charge has highlighted the serious consequences of failing to meet tax obligations. This case serves as a cautionary
In the ever-evolving landscape of tax regulations, business owners continually seek ways to minimize tax liabilities while maximizing the financial benefits for their families. One of the most effective strategies
As a business owner, you may think that issuing a 1099 form is a task reserved for payments made to individual contractors or small businesses. However, recent regulations might surprise
If you’re running your business as a C corporation, understanding the implications of the Accumulated Earnings Tax (AET) is crucial. The AET is a 20% penalty tax imposed by the