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Augusta Rule Provides Tax Savings for Real Estate Rentals

CPA Practice

The tax savings opportunity is not available to sole proprietorships or single member LLCs who are disregarded entities. Most businesses that file a tax return separate from inclusion in an individual return are eligible. Considering the corresponding regulations that come in to play, what is the practical application?

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Friday Footnotes: A World Without Accountants; GAO Finds a Big Mistake; ‘Fazbie’ | 8.5.22

Going Concern

If the world had no accountants [ The Indicator from Planet Money ] As the unsung heroes of the financial world, CPAs (Certified Public Accountants) are responsible for a wide range of important tasks, from balancing the books to investigating fraud. Sign up for our newsletter to get headlines in your inbox twice a week.

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How to Get Small Business Tax Credits & Incentives

LyfeAccounting

If you need specific accounting or tax advice , then be sure to contact one of our CPAs directly. Because by the end of this post, you should be able to take advantage of at least one tax credit, I hope, to lower your tax liability and put more money into your pockets. The “What” and “Why” of Business Tax Credits.

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

Trump tax controversy fuels passage of presidential audits bill [ POLITICO ]. Bit of a long read but interesting nonetheless: When Congress’ Joint Committee on Taxation investigated the IRS audits of Donald Trump’s taxes, an agent’s note on Trump’s 2017 filings stood out. appeared first on Going Concern.

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