What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials. Continue Reading Auditing concepts: Close-up on materiality

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell it. A like-kind exchange is any exchange of real property held for investment or for productive use in your trade or business for like-kind investment, trade or business real property. Like-kind exchanges can be an attractive tax-deferred way to dispose of real property if you anticipate a large tax bill and meet the federal and state requirements. Continue Reading Defer a current tax bill with a like-kind exchange

As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below are a few timely strategies that you can execute before year end to minimize your company’s tax liability. Continue Reading Year-End Business Newsletter

Choosing the best entity for your business is a multi-faceted decision. Here’s a look at the some of the considerations. Continue Reading Choosing a business entity: Which way to go?