by Iain Day | Jul 26, 2015 | Blog, Expert Advise, Taxes
Read Part 1: Why Your Rental Business Needs an Emergency Fund To calculate how much your emergency fund should hold, add up the following expenses for all of your properties: Monthly mortgage payments Taxes Insurance premiums Condo fees Operating utilities (Notice...
by pagefabric | Jul 18, 2015 | Blog, Expert Advise, Taxes
When it comes to selling your business, finding an optimal tax strategy depends on the purchaser. Transferring a business inside a family requires very different tactics and treatment compared to a sale to an independent third party. There is no one-size-fits-all...
by Sam Adams | Jul 18, 2015 | Blog, Expert Advise, Taxes
We’ve all been asked to donate to charity from family, friends and when we shop at stores during the holidays. Donating to our favorite cause can help cure a disease or help those less fortunate. However, not all charities are managed equally, leading to different...
by Iain Day | Mar 2, 2015 | Blog, Expert Advise, Taxes
IF YOU OWN REAL PROPERTY IN TEXAS, PLEASE PAY ATTENTION…remember in 2006, headlines trumpeted that the Texas Legislature had created for us a new modified franchise tax—dubbed the margin tax—expanding the payer base to include more Texas businesses? Hailed by our then...
by Sam Adams | Feb 9, 2015 | Blog, Expert Advise, Taxes
The mortgage interest deduction is one of the most popular in the whole tax code; however, it is more complicated than it first appears. Generally, you need to satisfy five factors before you can deduct mortgage interest. These factors are: Who paid the mortgage? Who...
by Sam Adams | Jan 12, 2015 | Blog, Expert Advise, Taxes
It is that time of the year again. The Internal Revenue Service has announced its annual adjustments for 2015 tax provisions. Many are different than last year, but some remain unchanged. Remember, the amounts listed below have nothing to do with preparing your 2014...