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Tax Benefit of Separating Repairs from Improvements

There’s a world of tax difference between repairs to real estate property and capital improvements. And it’s not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your tax return. Basic premise: Repairs...

Does Your Business Need a Temporary CFO?

Does your company need a chief financial officer but can’t afford to hire one full time? Or does it simply need someone to help position your business for sale, see it through a special project or temporarily replace an executive who has fallen ill or left the...

How a Valuation’s Purpose Affects Its Value

By Michael Harvey, Senior Manager/CPA/ABV/CFF, CFE, CGMA What is the value of my business? That’s the question every business owner wonders from time to time. But the correct answer varies depending on the purpose of the appraisal. Different rules and...

Capital Gains Rates Before and After the New Tax Law

Are you confused about the federal income tax rates on capital gains and dividends under the Tax Cuts and Jobs Act (TCJA)? If so, you’re not alone. Here’s what you should know if you plan to sell long-term investments or expect to receive dividend payments...

How the New Tax Law Affects Rental Real Estate Owners

Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, rental property owners will enjoy lower ordinary income tax rates and other...

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