Business
Helpful tax resources for business owners
How is your business taxed?
Here you can find resources about the variety of options to invest in real estate properties, reduce and defer your tax liabilities, as well as available deductions and credits.
Latest articles about business taxation, available deductions, and entity structure
What’s New for Business Taxes?
Before filing taxes this tax season, it’s important for business owners to know what’s new for business taxes for 2023 and take advantage of the available deductions and credits. While some tax deductions are drawing…
Startup Costs: Write-off for your business
The rules for startup costs differ from expenses for operating your business. The IRS specifies what startup costs are, how much you can deduct in the first year, when they are deductible, and how they…
Business interest expense: Is it Deductible?
Typically, business interest expenses are deductible when the loan is used for business operations. However, there are limits to how much businesses can deduct if they exceed a certain income threshold.
Rentals: Choosing a Business Structure
Traditional LLCs and series LLCs have advantages for rentals, but the right LLC depends on your risk tolerance. Also, an S Corp election provides the same protections as an LLC, but it may not be…
Pros and Cons: S Corp and LLC
S Corporations (S Corps) and Limited Liability Companies (LLCs) are popular business entities because of their pros, but they also bring along their cons. The right business entity depends on your specific tax situation.
Tighter deductions and tougher reporting
Presently, tighter deductions and tougher reporting implemented in two legislations might affect your taxes. The American Rescue Plan of 2021 implemented lower thresholds for reporting third-party transactions. The Tax Cuts and Jobs Act (TCJA) of…
