On Tuesdays, for at least the next few weeks, we will blog about tax strategies that high-income investors and business owners may be able to use to … [Read more...] about Tax Strategy Tuesday: Vacation Rental Property
Build Back Better S Corporation Tax Hits High Income Taxpayers
The Build Back Better Act hits S corporation owners and active real estate investors a bit harder than some of us guessed. In a nutshell? It … [Read more...] about Build Back Better S Corporation Tax Hits High Income Taxpayers
Employee Retention Credit Checklist
It clicked for me a few days ago. We need an employee retention credit checklist. For when we prepare the tax returns of small business owners next … [Read more...] about Employee Retention Credit Checklist
Psst. Time to Raise Your Prices.
I don't know about your small business. But for us? We haven't been very disciplined about raising prices during the pandemic. So even if our costs … [Read more...] about Psst. Time to Raise Your Prices.
That Nearly Secret IRS Personal Wealth Study
Last spring, some fascinating, nearly secret IRS personal wealth information slipped out into public view. And, just so there’s not confusion, I am … [Read more...] about That Nearly Secret IRS Personal Wealth Study
Biden Tax Plan Starts Long Slow Death of the S Corporation
I guess it had to happen. Eventually. The end of the S corporation, I mean. People have complained about the loophole, gosh, probably since … [Read more...] about Biden Tax Plan Starts Long Slow Death of the S Corporation
Recovery Startup Business Employee Retention Credit: Nine Awkward Questions
If you’re reading this, you know about the $100,000 recovery startup business employee retention credit. You know, for example, that if you start a … [Read more...] about Recovery Startup Business Employee Retention Credit: Nine Awkward Questions
Houses of Worship and Nonprofits Miss the Boat on Employee Retention Credits
Last week, in conversations with the staff at the church I attend, I learned the organization had failed to take the generous employee retention … [Read more...] about Houses of Worship and Nonprofits Miss the Boat on Employee Retention Credits
The $100,000 Real Estate Employee Retention Credit Windfall
I want to talk about something a little awkward. Partly awkward because the thing we're going to discuss doesn't present tax legislation in a very … [Read more...] about The $100,000 Real Estate Employee Retention Credit Windfall
Recovery Startup Business Employee Retention Credit
For the third and fourth quarters of 2021, tax law provides an unusual incentive to small business entrepreneurs: the recovery startup business … [Read more...] about Recovery Startup Business Employee Retention Credit