Have you Considered the Tax Benefits of Cost Segregation Study? Cost Segregation can help speed up your depreciation and save thousands in Income taxes. Cost Segregation can help offset your rental or real estate income using bonus depreciation. Learn Learn how we can use Cost Segregation to help lower your tax burden. What are the…
Category: Finance
The 7 Best Retirement Plans Out There
It’s never too early to start planning for your retirement. You need to make sure that you’re setting money aside to last you about thirty years or more. Below is the list of 7 of the Best Retirement Plans Out there. IRA 401(K) 403(B) Defined Benefit Plan Solo 401(K) Simple IRA Pensions But what…
Income Tax Brackets for 2022
Income Earned Between Jan 1, 2022 and Dec 31st 2022(Taxes Return due in April 15th 2023) Do you want to Learn how 2022 Federal Income Tax Brackets Apply to your taxes? Do you know Single, Married filing jointly, Married Filing Separately, Head of Household Taxpayers have different tax tables? We have put together different tables…
Year-End Tax Planning Tips
According to The Balance, the average American who was single contributed more than 29% of their earnings in 2019 to taxes? In terms of dollars, this meant that the average person, with the salary of an “average wage earner,” was paying around $18,368. Most of these wage earners probably never took the time to focus…
Benefits of Year Round Tax Planning
Are you sick and tired of over paying income taxes? Have you considered Benefits of Year Round Tax Planning to save taxes? In this article, we will be sharing with you why Tax Planning is important and how doing that year around can help save you thousands of dollars in taxes. What is Tax…
Best Tax Havens in the World
Ever wondered why politicians and corporates own offshore accounts in Bermuda or the Bahamas? Top US companies like Apple, IBM, and Walmart conceal trillions of dollars in best tax havens in the world. Apple has more than $181 billion in offshore accounts. American corporations and individuals seek tax havens to protect their wealth. Corporations believe that lower…
How Long Should I keep my Tax Records?
Are you wondering how long you should keep your tax records? Wondering if you can tossing last year’s returns in the trash? Or maybe you’re just curious about what kind of documents the IRS requires. No matter what your question, this blog post is here to help! We’ll go over everything you need to know…
The Top 7 Tax Reduction Strategies for High Income Earners
Imagine making the amount of money you’ve dreamed of earning only to have to pay a big chunk of it in taxes. Consider the Top 7 Tax Reduction strategies for high income earners that can help you keep that money you’ve worked so hard for. Then, you will be able to enjoy the life you…
Avoiding Capital Gains Taxes with a 1031 Exchange
If you are looking to sell your rental property or Investment property, you may be trying to figure out how you can legally avoid paying taxes on the capital gain. Before 2018, a various different types of assets could be exchanged into different assets but the new law Tax Cuts and Jobs Act of 2017…
How to Avoid an IRS Audit? (in 2022)
There’s nothing worse than getting that dreaded letter in the mail from the IRS, notifying you that you’re being audited. But there are a few things you can do to avoid an audit – and we’re going to tell you what they are. Based on our 22 years of experience preparing thousands of returns, we…