Business travel has substantially decreased over the past couple of years due to the pandemic, but from time to time, employees still need to travel for work-related reasons. Maybe it’s driving between different employer-owned locations within a workday, or maybe…
Dubbed the “Great Resignation”, many employees are taking an opportunity these days to find a different job that better fits their lifestyle and goals. If you have a 401(k) account with your current company and decide to leave, you have…
It’s not new news that the pandemic has been tough on restaurants. If you own a business where tipping is customary for providing food or beverages, you may be able to offset some of your income tax liability by claiming…
Commercial property is generally depreciated over 39 years, and residential rental property over 27.5 years. Real property is more than just the building itself – it also contains plumbing, fixtures, carpeting, awnings, removable partitions, window treatments, lighting, HVAC systems .…
If you’re in the market for a new or used car, you already know that prices have skyrocketed lately. According to Edmunds.com, the average vehicle is expected to cost 38% above the starting MSRP in 2022. The average transaction price…
With recent skyrocketing real estate prices, it’s tempting to consider selling your appreciated commercial or investment property. But do you want the resulting high tax bill that comes with that increased profit? A like-kind exchange can be a solution. Under…
If you’re an empty nester or just ready to reduce the time and effort involved in maintaining a larger home, you’ve probably thought about downsizing. With a smaller property, you could save money in reduced utility bills, property taxes, and…
If you’re sending your child off to college, you’re looking for any way you can save money. When your child qualifies for a scholarship, it’s a cause for celebration! Just be aware of the possible tax ramifications so you don’t…
Providing a company-owned vehicle for employees can be a good idea for both the business and the employee. Employees who drive a lot for their job can save wear and tear on their own vehicles, while the company can enjoy…
Tread cautiously if you have received a notification from Microsoft with “Spam Notification” in the subject line. It appears to be notifying you that you have received spam, although it is the newest attempt in a long line of phishing…