A tax-smart way to develop and sell appreciated land
July 24, 2023
There may be a way to reduce a large tax bill if you own appreciated land that you want to subdivide and develop for sale. Here’s a three-step strategy.
How to support your employees in substance abuse recovery
July 21, 2023
Employers: Are you doing enough to help your employees who are in recovery from substance abuse? A recent report presents some alarming statistics and helpful measures.
Retirement account catch-up contributions can add up
July 20, 2023
If you’re eligible and not making catch-up contributions to your retirement plan, you’re missing out on building more tax-favored savings. Here are the rules of the road.
Receivables: Quality counts
July 18, 2023
Don’t take accounts receivable at face value. Here’s how to evaluate the quality of receivables.
Corporate officers or shareholders: How should you treat expenses paid personally?
July 17, 2023
When spending money personally on behalf of your closely held corporation, you want to ensure the expenses are tax deductible by either you or the business. Here are the key considerations.
Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
July 12, 2023
When planning your estate or inheriting assets, it’s essential to understand the “step-up” basis rules. They can affect the taxes due on the sale of the assets.
