Small Business Tax Briefs- Year End Edition
HOW TO MAXIMIZE DEDUCTIONS FOR BUSINESS REAL ESTATE Currently, a valuable income tax deduction related to real estate is for depreciation, but the depreciation period for such property is long and land itself isn’t depreciable. Whether real estate is occupied by your business or rented out, here’s how you can maximize your deductions. Segregate personal […]
Small Business Tax Briefs- November Edition
ACCELERATE YOUR RETIREMENT SAVINGS WITH A CASH BALANCE PLAN Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a […]
