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Growing your business with a new partner: Here are some tax considerations
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
We have prepared a selection of frequently asked questions.
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There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
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Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to...
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It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships...
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For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options:...
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Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...
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Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise...
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If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
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If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
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If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...
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If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum...
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Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in...
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Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their...
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Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home....