“Avoid These Common MistakesWhen Converting to an S Corporation” To get my complete articlewith all the details… Thinking of turning your business into an S corporation? This can be a very smart move... but be careful. VERY careful. You see, Big Brother (AKA the IRS) will bewatching you closely, and if you get thingswrong, you could pay a terrible price. I … [Read more...]
Tax Planning
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Say Goodbye to 100% Bonus Depreciation
“Get Ready to Say Goodbye to 100%Bonus Depreciation” To get my complete articlewith all the details... They say “all good things come to an end.” That’s what’s going to happen on December 31, 2022. (In other words, soon!) That’s the date that 100% bonus depreciation comes to a sorry end. What does this mean to you? It means the wind-down of bonus … [Read more...]
It’s Not Too Late To Invest in Qualified Opportunity Zones
“It’s Not Too Late To Invest in Qualified Opportunity Zones” To get my complete articlewith all the details... For starters, I’ll provide a short definition... The qualified opportunity zone program was created by the Tax Cuts and Jobs Act back in 2018. Its purpose? To spur investment in low-income communities (but there's more to it than this). What’s the … [Read more...]
Get Business Credits for Electric Vehicle Purchases
“Get Business Credits for Electric Vehicle Purchases” To get my complete articlewith all the details... Are you thinking of buying an electric car or plug-in hybrid for your business? Then my new article makes “must” reading. Why? Because I can show you how to qualify for a brandnew commercial clean-vehicle tax creditworth a whopping $40,000! And that’s … [Read more...]
How to Earn 9.62% Tax Deferred (Part 2)
“How to Earn 9.62%Tax Deferred (Part 2)” To get my complete articlewith all the details... Do I need to tell you that inflation is raging? Uh, I don’t think so. What I do need to tell you (in this follow-up to last month’s issue) is that you should consider buying a tax-deferred Treasury I Bond now! And here’s why... An I Bond pays 9.62% interestthat’s tax … [Read more...]