by Fishman, Block + Diamond, LLP | Nov 18, 2021 | Tax
Dear Clients and Friends, Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning — estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work...
by Fishman, Block + Diamond, LLP | Nov 9, 2021 | Tax
A cost segregation study is one way to boost cash flow If your business is planning to buy, build, or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reduce your taxes, and boost your cash flow. Even if...
by Fishman, Block + Diamond, LLP | Nov 9, 2021 | Payroll, Tax
Are you liable for “nanny taxes”? If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers, and other employees — it’s important to understand your tax obligations, commonly referred to as “nanny...
by Fishman, Block + Diamond, LLP | Nov 9, 2021 | Tax
Working remotely from “out of state” can be taxing The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase in your state tax bill. During the...
by Fishman, Block + Diamond, LLP | Nov 9, 2021 | Estate Planning, Real Estate, Tax
Rental real estate – Determining if a property is a business or an investment If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill. The distinction is especially important...
