News

News

AI and Machine Learning: Driving Business Forward

The boon of Artificial Intelligence (AI) and Machine Learning (ML) is allowing industry leaders to drive their businesses

Maximizing the Value of Your Application Management Service

While investment in an Application Management Service (AMS) may typically be perceived as a necessary tool

Exclusion of Capital Gain Taxes on Your Primary Residence

The sale of a primary residence can often result in a gain, resulting in a taxable event of a 20% capital gain rate

Working From Home: The Home Office Deduction

Many of us want to work from home.  Even more of us would work from home if it meant there was a guaranteed tax benefit

How do Fortune 500 Companies Avoid Federal Income Taxes

Another day, a new tax code, and big companies still pay no taxes.  According to a 2018 report from the Institute on Taxation and Economic Policy

Better Living Through Accuracy and Recordkeeping

The essential core of successfully defending your tax returns is meticulous and correct recordkeeping, fast is fine, but accuracy is final.

Enough is Enough: Reasonable Compensation

A business may reduce its’ corporate income by paying employees a wage.  If you work for your business, then you may deduct a reasonable salary

How Amazon Paid ZERO dollars in Federal Taxes

Jeff Bezos, the founder of Amazon, might be the richest man in America.  Coincidentally, Amazon reported revenue of $232 BILLION,

Asset Protection: NOW…not later

An important business strategy is protecting business assets by creating an asset protection plan.  Assets that need to be protected include:

Build Your Brand, Not Your Hobby

Are you engaged in a trade or business and subject to self-employment taxes, or are you participating in a hobby and subject to

Deduct What You Love, With Losses

A hobby is a regular activity done for enjoyment at leisure.  Tavas is often asked; “Can I deduct my hobby losses?”  When an activity is

Write Your Will

Do not depend on the state or your relatives to honor your wishes after death.  Write your will to transfer your property on your terms

Just Trust Me

A trust is an agreement where you manage property to benefit someone else.  In practice, a trust is a ten-dollar-to-fund strategy

Internet Sales Tax

In South Dakota, v. Wayfair, Inc., the Supreme Court of the United States overruled the physical presence requirement established in Quill Corp

Deduct Non-Marijuana Entity Expenses

Although §280E prohibits cannabis growers and retailers from claiming deductions “for any amount paid or incurred during

Asset Protection Safeguard

Asset protection works as a safeguard of your corporate assets by keeping them out of reach from potential judgment creditors and

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