ARTICLES

Aug 19

Consider Borrowing from your Corporation? Be Mindful of Two Key Risks

Did you know? If you own a closely held corporation, you can borrow funds from your business at rates lower than those charged by a bank.

Steve Julal

Aug 14

4 Ways Businesses can Control Cash Flow

From day one, business owners should keep a close eye on cash flow. Here are four strategies to help control cash flow better.

Available Tax Breaks when Caring for an Elderly Relative

Steve Julal

Aug 13

Available Tax Breaks when Caring for an Elderly Relative

Caring for an elderly relative brings many personal rewards, and you might also be eligible for tax breaks. Here are four to consider.

Planning your Estate? Consider these Strategies to Save in Future Taxes

Steve Julal

Aug 12

Planning your Estate? Consider these Strategies to Save in Future Taxes

With the high federal estate tax exemption for 2024, many people aren't worried about estate taxes. However, you might want to reconsider.

The Tax Consequences of Selling Mutual Funds

Steve Julal

Aug 7

The Tax Consequences of Selling Mutual Funds

Investing in mutual funds is popular, but selling shares can lead to complex tax issues. Here are the rules you need to know.

Getting Divorced? Don’t Get Blindsided by These 6 Key Tax Issues

Steve Julal

Aug 5

Getting Divorced? Don’t Get Blindsided by These 6 Key Tax Issues

Getting a divorce can be a difficult & painful process. Avoid adding financial stress to the situation by understanding 6 key tax issues.

What to Expect as the Tax Cuts and Jobs Act (TCJA) Provisions are Scheduled to Expire

Steve Julal

Aug 1

What to Expect as the Tax Cuts and Jobs Act (TCJA) Provisions are Scheduled to Expire

On December 31, 2025, the TCJA and other tax provisions are set to expire. Here are 4 possible outcomes to prepare for.

House Rich but Cash Poor? Consider a Reverse Mortgage Strategy

Steve Julal

Jul 26

House Rich but Cash Poor? Consider a Reverse Mortgage Strategy

Are you a homeowner in need additional or supplemental income, a reverse mortgage may be your answer. Learn how it works.

Should you Convert your Business from a C to an S Corporation?

Steve Julal

Jul 23

Should you Convert your Business from a C to an S Corporation?

There are several factors to consider when converting from a C to an S corporation. Consider these four tax issues you may face.

2024 Q3 Tax Calendar: Key Deadlines for Businesses

Steve Julal

Jul 22

2024 Q3 Tax Calendar: Key Deadlines for Businesses

Here are some important tax-related deadlines for businesses and employers in the third quarter of 2024.

Social Security Taxes – What We Can Expect in the Future

Steve Julal

Jul 17

Social Security Taxes – What We Can Expect in the Future

As inflation continues to rise, so will your Social Security taxes. Taxpayers should anticipate increases but the exact extent is uncertain.

Inflation Enhances the 2025 Amounts for Health Savings Accounts

Steve Julal

Jul 17

Inflation Enhances the 2025 Amounts for Health Savings Accounts

The IRS has announced inflation adjustments for Health Savings Accounts (HSAs) for 2025.

Save on Taxes Accrued from Selling Appreciated Land in 3 Steps

Steve Julal

Jul 11

Save on Taxes Accrued from Selling Appreciated Land in 3 Steps

Thinking of selling a piece of land that has appreciated over the years? Expect a tax bill that could amount to 24% of your sale, or lower.

When do Valuable Gifts to Charity Require an Appraisal?

Steve Julal

Jul 10

When do Valuable Gifts to Charity Require an Appraisal?

If you donate valuable items to charity and wish to claim a tax deduction, you may need a gift appraisal. Here's what you need to know.

Why you Should include Debt in a C-Corp Capital Structure

Steve Julal

Jul 8

Why you Should include Debt in a C-Corp Capital Structure

If you intend to use a C corporation for a new business or need additional capital for an existing C corporation, there are tax advantages.

Selling an Appreciated Vacation Home - Tax Scenarios

Steve Julal

Jul 2

Selling an Appreciated Vacation Home - Tax Scenarios

Owning a home that has increased in value is typically beneficial. However, the federal income taxes owed from the sale can be complex.

Tax Tips for Buying the Assets of a Business

Steve Julal

Jun 27

Tax Tips for Buying the Assets of a Business

When buying a business, the structure of the transaction CAN significantly impact your tax results after the acquisition. Read for tips.

Turn Your Hobby into a Business - Tax Rules to Pay Attention to

Steve Julal

Jun 25

Turn Your Hobby into a Business - Tax Rules to Pay Attention to

Wanting to turn your hobby into a business? Learn how the IRS will determine if your venture is a hobby or a bona fide business.

Things to Consider when Bringing On A New Business Partner

Steve Julal

Jun 24

Things to Consider when Bringing On A New Business Partner

Adding a new partner to a partnership involves multiple financial and legal considerations. Learn how to avoid the obstacles.

The Sneaky Stealth Tax on Social Security Benefits

Steve Julal

Jun 18

The Sneaky Stealth Tax on Social Security Benefits

My social security benefits should be free from federal income taxes, right? Not exactly. Take a look at 3 stealth tax scenarios .

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