Did You Report Your Foreign Bank Accounts?
If you own or have an interest in any foreign bank account or other types of financial accounts (see below for examples of the other types) that are based outside of the United States, you may have to fill out…
Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money. Before we go further, please note the PPP money comes to you in what appears…
Did You Miss Out On The Previous PPP Opportunities?
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason: the word “loan.” Who wants a loan? No one. Well, almost no…
The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing desperately needed guidance on the timing issues related to Paycheck Protection Program (PPP) loan forgiveness and the deductibility of the related PPP expenses. Since May…
What is Financial Forecasting? And Why Should You Care?
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial trends. It is the process of estimating or predicting a business’s future performance. The financial prognosis obtained through the financial forecasting process will help you…
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Tax Related Posts
IRS Provides Relief to Taxpayers; Eases Installments Due, Slows Audits, and More
Commissioner Chuck Rettig announced the IRS People First Initiative to provide immediate relief to help…
Senate Passes CARES Act
Yesterday evening, the Senate passed an updated version of the Coronavirus Aid, Relief and Economic…
If You Own Rental Properties, You Should Take Full Advantage of the Tax Deductions
Most people are unaware that rental real estate gets more tax deduction benefits than almost…
Florida Sales Tax On Intercompany Commercial Real Property Rentals
Florida businesses often hold real property and their business operations in separate entities for liability…
Last Minute Tax Changes
While many people were busy with the holidays preparations, on December 20th President Trump signed into…
Opportunity Zones and the Low-Income Housing Tax Credit
The Opportunity Zone (OZ) Program was created as part of the Investing in Opportunity Act,…
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Happy New Year 2017
Don’t Quit
Being an entrepreneur is challenging. At times the journey may feel lonely, since must of…
Four Real Estate Tax Strategies That Produce More Cash
Your building, whether it’s rental property or your office, likely can put more cash…
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