Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it's better to be an owner, rather than a renter, from a...
Blogs by Clif Daniel
Procedural Issues Every Exempt Organization Should Know About.
The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be...
Consider Taxes Before Selling a Highly Appreciated Vacation Home
Are you considering selling your vacation home? Are you worried about the tax hit on your profits? Fortunately, the limited federal income tax gain exclusion break CAN apply to vacation homes in some cases.
Good News: IRS Boosts Standard Mileage Rates for Second Half of 2022
The IRS recently announced an increase to the standard mileage rate for qualified business drivers.
Due Diligence Considerations When Selling a Business
Selling a business is a major undertaking. Reconciling your legal, financial, and tax goals requires specialized expertise and finesse. Learn about the ins and outs of this important process.
100 Years and Still Accounting. The History of Borland Benefield
The year 1922 was notable for a number of events in the world, including the formation of the USSR, the first successful insulin treatment, and the first Wimbledon Championship. At the time, Warren G. Harding occupied the Oval Office as the 29th president, the Lincoln...
Turning Negatives into Positives: Tips on Tax Loss Harvesting
The recent downturn in the stock market brings tax-loss harvesting into play. Read our latest blog to how to turn the negatives to your advantage.
Marathoning Through Life: Lloyd Shelton
Goals are achieved by addressing flaws and committing to overcoming them. Lloyd Shelton, CPA, and shareholder at Borland Benefield, has followed this guiding principle throughout his life. From his younger years to his time as a young CPA to his life-changing push...
Don’t Take the Bait: How to Spot Phishing Threats and Avoid Hackers
Phishing is the most common way hackers breach networks, so it’s important to know how to spot these traps. Read our latest article to learn how you can safeguard yourself with a few, simple steps.
Piggy Bank Planning. Tips to Teach Your Children How to Manage Money.
A solid grasp of financial concepts can protect your child from financial hardships later in life. Read our latest article for a few “money-smart” tips.