Many landlords pay more tax on their properties than they should. This is because they are ignorant of the several tax advantages and benefits of becoming a landlord. More than any...
Posted by Rosovich & Associates, Inc. on 04/06/2021
One of the issues that real estate investors have to deal with is taxes. There are various taxes with different implications on asset performance. It is not surprising that people...
Posted by Thomas G Kinsella, ATP on 03/30/2021
If you are an entrepreneur, you can deduct purchases used to generate income for your business over time. This includes business assets, such as equipment and property. To do this,...
Posted by Unifirst Financial & Tax Consultants on 03/30/2021
Depreciation deductions are provisions that can be made for capital expenditures on property, plant, and equipment. For properties placed in service after 1986, capital costs must...
Posted by International Tax Consultants, LLC on 03/18/2021
Purchases of new and used commercial vehicles are eligible for tax exemptions per the current tax law. Some vehicles may be eligible for higher deductions than others.The first year...
Posted by Flynn Financial Group Inc on 01/30/2021
Your basis in a business asset is essentially the cost of that asset. The term applies to all types of assets held by your business, including real estate, land, equipment, and investments...
Posted by Taxes Made EZ Inc on 01/01/2021
One of the ways to significantly reduce your business income tax is the business use of a vehicle. It is an important entity that you can use to bring down your tax for two reasons: The...
Posted by Dennis Jao on 12/25/2020
Depreciation, depletion, and amortization (DD&A) are accounting techniques that give firms the ability to slowly expense various kinds of resources over time to make cost and revenue...
Posted by McCool's Tax Service on 12/24/2020
Selling your property or other assets can be a lucrative endeavor. Sellers should be aware that there could be tax implications from the gains on the sale of these assets. Unifirst...
Posted by Unifirst Financial & Tax Consultants on 12/03/2020
