Blog
Recommendations for Maximizing Tax Deductions for Owners of Energy-Efficient Commercial Properties
Despite the prevailing concerns regarding the energy efficience and commercial real estate market, it is projected that two-thirds of the global floor space currently in existence will still be operational by 2040. The International Energy Agency (IEA) reports that...
Major Corporations Experience Significant Advantage in Tax Disputes
Recent limitations set by the Supreme Court on the regulatory authority of federal agencies are influencing the tax landscape, potentially shifting certain legal battles in favor of large corporations rather than the government. In at least five ongoing tax cases,...
Considerations to Keep in Mind in the Cannabis Business
One of the points to take into account, especially for those involved in the business, is what they call “Cannabis Rescheduling”, which means that it has the possibility of becoming a Schedule III controlled substance as opposed to the current and stricter Schedule I,...
Tax Increases May Be on the Horizon: Preparing for Potential Changes
A significant topic of conversation is the 2017 tax legislation, known as the Tax Cuts and Jobs Act (TCJA), which is scheduled to expire at the end of 2025. This legislation introduced major modifications to the tax framework, including: The expansion of tax brackets...
IRS Warns about a New Scam Related to Clean Energy Tax Credits
The Internal Revenue Service (IRS) issued a warning Wednesday cautioning taxpayers to beware of a new scam involving the purchase of clean energy tax credits. The IRS said it's seeing cases where unscrupulous tax preparers misrepresent the rules for claiming clean...
What is a SIMPLE IRA Account?
SIMPLE stands for Savings Incentive Match Plan for Employees, indicating that both employers and employees contribute to the plan. ➡️ Employees have the option to defer a portion of their salary into their retirement account, and employers can choose to match that...
SEP IRA Accounts: Understanding its Functionality
A SEP IRA, or Simplified Employee Pension Individual Retirement Account, is a type of retirement plan designed to assist business owners and self-employed individuals in saving for retirement. It functions similarly to a traditional IRA, as contributions are...
Considering a New Job? Implement these Financial Strategies
Are you starting a new job? While you may be focused on the work aspects of your new position, it’s important to recognize that this also marks a significant financial transition beyond just a salary change. Mastering this transition and ensuring you don’t leave any...
The Three Essential Components of Successful Saving
It is widely recognized that saving for the future is essential, and it is crucial to start this process as early as possible. Regardless of your age or the distance to retirement, the goal is to ensure a comfortable and enjoyable retirement. We share three essential...