Grants & Tax Credits for Small Business Owners

Grants & Tax Credits for Small Business Owners

From The Small Business Owner’s 2022 Economic Relief Guide Before you try anything else, you might want to look into applying for financial assistance through grants. The extra cash will be able to help get you through the difficult economy and invest it in the areas...
Depreciation of Real Estate

Depreciation of Real Estate

When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, in which hard earned dollars have to leave your wallet. Depreciation allows you...
Tax Implications of Owning a Vacation Home

Tax Implications of Owning a Vacation Home

Chances are if you have a second home (one that may have been inherited or purchased with the best of intentions) you’ve considered the extra income stream with services like AirBnb or VRBO. Not too long ago if you had a second home that was in a desirable location...
Is It A Business Or Is It A Hobby?

Is It A Business Or Is It A Hobby?

Are you a part of the growing gig economy? Do you run a side hustle? Wondering if it’s a business or a hobby? Are you reading this and wondering why you should care? For the purpose of taxes these activities are more commonly referred sideline activities. Think Direct...
A Word About Self-Directed IRAs

A Word About Self-Directed IRAs

Tax-advantaged retirement accounts such as IRAs are a great way to save for retirement. But when you establish a traditional IRA with a bank, a brokerage, or a trust company, you are ordinarily limited to a narrow range of investment options, such as CDs and publicly...