As a tax pro, you know your clients are always looking for ways to save more money. While financial advisors often focus on growing wealth, they don’t always consider the
For decades, business owners have utilized Section 1031 of the Internal Revenue Code to defer taxes on the exchange of property used in their trade, business, or held for investment.
As a business owner, understanding the tax implications of capital gains and losses can have a profound impact on your overall financial strategy. Whether you’re selling stocks, property, or other
Start-ups often face numerous hurdles, and unfortunately, many new businesses overlook critical tax obligations. Cash flow issues, often stemming from tax missteps, contribute to the failure of 82% of start-ups.
As a high-income business owner, you are likely familiar with the benefits and pitfalls of the tax system, but 2024 brings several updates that could impact your tax strategy. Knowing
Selling real estate can be a complex process, especially if you’re looking to structure the sale in a way that benefits both you and the buyer. One strategy that savvy
A like-kind exchange, commonly referred to as a 1031 exchange, is a powerful tool for business owners and investors to defer capital gains taxes on the sale of real estate.
As a business owner, staying informed about the tax implications of personal transactions—like the sale of your primary residence—can be crucial. The sale of a principal residence may seem straightforward,
Employee stock options (ESOs) can be a powerful incentive for employees and a valuable tool for business owners. However, they come with complex tax implications that can trip up even
As we enter 2024, it’s crucial for business owners to stay on top of the latest tax updates and maximize their opportunities for tax efficiency. Here are the key federal