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Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business?… Read More »Separating your business from its real estate

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this… Read More »Year-end tax planning ideas for your small business

In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared… Read More »Seller-paid points: Can homeowners deduct them?

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income.… Read More »Is your income high enough to owe two extra taxes?

The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy and taxes. There has… Read More »Inflation Reduction Act provisions of interest to small businesses

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce… Read More »The Inflation Reduction Act: what’s in it for you?

Many contractors prioritize business financial management over personal wealth management. It’s an easy trap to fall into given how competitive the construction industry can be.… Read More »Manage your construction business … and your wealth

Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from… Read More »Self-employed? Build a nest egg with a solo 401(k) plan

If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office deductions. But… Read More »Home sweet home: Do you qualify for office deductions?

The business entity you choose can affect your taxes, your personal liability and other issues. A limited liability company (LLC) is somewhat of a hybrid… Read More »Why an LLC might be the best choice of entity for your business

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s… Read More »An “innocent spouse” may be able to escape tax liability

Many construction businesses are structured as C corporations. If that’s the case for your company, you’re probably aware that C corporations usually prefer to classify… Read More »Is your construction company a C corporation? Beware of “unreasonable” compensation