Working remotely can provide greater flexibility, expand your employment opportunities and eliminate the daily commute. However, working from a state different from where your employer is located — or spending significant time working from a… Read More »Working Remotely Across State Lines? Watch Your State Taxes
Real estate can be an effective way to diversify an investment portfolio, generate rental income and build wealth over the long term. For many investors, however, real estate is not their primary business or occupation.… Read More »How Real Estate Investors Can Reduce Their Tax Burden
Saving as much as possible in tax-deferred retirement accounts such as traditional 401(k)s and IRAs is often considered a smart retirement strategy. Contributions may be made with pretax dollars or may be deductible, while tax-deferred… Read More »Tax-Deferred Retirement Savings: When Is Too Much Too Much?
Providing valuable employee benefits is one of the most effective ways to attract and retain talented workers. For businesses with employees who have young families, employer-sponsored child care can be a significant advantage. While offering… Read More »How the Enhanced Child Care Tax Credit Can Benefit Your Business
Midyear is an ideal time to review your financial situation and determine whether you’re on track to minimize your tax liability. Evaluating your income, deductions, and investments now gives you more flexibility to make adjustments… Read More »Midyear Tax Review: Maximize Deductions and Reduce Taxes
Many people assume the new tax deduction available to taxpayers age 65 and older means they no longer have to pay taxes on Social Security benefits. While the deduction can reduce taxable income, it does… Read More »How Provisional Income Affects Social Security Taxes
Starting a new business involves making several important decisions, and one of the first is selecting the right legal structure. Your choice of business entity affects how your company is taxed, how profits are distributed,… Read More »Startup Business Structures: LLC or S Corporation?
For many homeowners, rising property values have created significant equity over the past several years. While selling a home at a substantial profit is usually good news, it’s important to understand the potential tax consequences… Read More »Will You Owe Taxes When You Sell Your House?
For real estate investors, developers and business owners, selling a highly appreciated property can trigger a substantial tax bill. Fortunately, a Section 1031 like-kind exchange may provide an opportunity to defer taxes by exchanging one… Read More »Four Common Misconceptions About Like-Kind Exchanges
Many self-employed professionals and small business owners assume they earn too much to qualify for a Roth IRA. Others prioritize immediate tax deductions through traditional retirement accounts and overlook the long-term tax advantages a Roth… Read More »Self-Employed Retirement Planning: Is a Roth IRA Right for You?