Strategic Use Of Bonus And Section 179 Depreciation
Many companies are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a business’s cash flow, but whether to claim them isn’t always an easy decision. In some cases, there are advantages to the regular depreciation rules. This article reviews why it’s critical to look at the […]
Tax Savings With The Fuel Tax Credit
Companies that wish to reduce their tax bills or increase their refunds shouldn’t overlook the fuel tax credit. Many businesses qualify for it and it’s relatively easy to calculate. This article explores the potential savings and how to go about claiming this often-overlooked tax break. When does the federal fuel tax apply? The federal fuel […]
The Five-Year Rule For Roth IRA Withdrawals
What makes Roth IRAs so appealing, primarily, is the ability to withdraw money from them tax-free. But to enjoy this benefit, there are a few rules taxpayers must follow, including the widely misunderstood “five-year rule.” This article explains the ins and outs of this rule. 3 types of withdrawals To understand the five-year rule, you […]
CalSavers Retirements Savers Program
his is a reminder that the final implementation deadline for the CalSavers Retirement Savings Program (“CalSavers”) is June 30, 2022. California employers meeting certain requirements must offer a qualified retirement plan to its employees by either sponsoring a qualified retirement plan or registering in the CalSavers plan. For more information about this program or how […]
Microsoft Secure Score Bulletin
Below is an important security bulletin from our external computer security provider DCG Technical Solutions, Inc. announcing a new security product from Microsoft that we recommend you utilize. Our score is above 90 which we have been told is spectacular. If you have any questions you should reach out to your external computer security provider […]
California Passes Expansion of Passthrough Entity Tax And Other Economic Relief
On February 7, 2022, the California Legislature passed Senate Bill 113 (“SB 113”) proposing an expansion to the California Passthrough Entity Elective Tax (“CA PTET”) as previously enacted under Assembly Bill 150 (“AB 150”), as well as additional relief unrelated to the CA PTET. The bill has been signed by Governor Gavin Newsom. SB 113 […]
Real Estate Market Changes for 2022
Changes Are Underway The pandemic ignited a home-buying frenzy as the decade-long housing shortage converged with historically-low mortgage rates, shifting workplace dynamics and new opportunities for young buyers to pursue their first homes. As enter the start of 2022, here’s a look at the expectations of real estate experts for new year. While the pandemic […]
Advanced Wealth Transfer Planning
Keep Your Money In The Right Hands A well-crafted wealth transfer and estate plan can help you implement your vision for the future and create benefits for the people and causes that matter most to you. There are three places your assets can end up after your death: taxes, charity, or to loved ones as […]
