If you’re ready to retire from your self-employed small business, you might be reading up on retirement plans. The question is: what kind of plan is best for you? Whether it’s a Solo 401(k) or a Defined Benefit Pension Plan, our article can help you learn the basics.
Category: Tax Related
Going Green and Saving Green: Tax Credits for Clean Technology
Do you want to make the switch to an electric vehicle? Are you purchasing solar panels for your home? Is it time for your business to switch to renewable energy? The Inflation Reduction Act of 2022 makes all of these green choices easier on your wallet. Read our article to find out what you could be saving on.
New Address, Same Great Quality: Borland Benefield’s Florence Office
Did you know Borland Benefield has an office in Florence? Read our article about the Florence branch and the woman heading it up – Dena Davis.
A Handy Summary of the Key Points of the Inflation Reduction Act of 2022
Inflation continues to strain American families – and the Inflation Reduction Act of 2022 seeks to solve this growing crisis. Still, there may be unintended consequences to this sweeping fix in the wake of COVID-19. Read our blog to get a summary of the good AND the bad of the IRA.
Scammer Alert: Beware of False Contact from the IRS.
The IRS is continually working to find and stop scammers – but you still need to be careful. Learn how you can tell a scam artist from the real thing before tax season gets into full swing.
Unlock 8 Tax Breaks for Home Ownership
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...
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.