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Defer a current tax bill with a like-kind exchange

Jan 4, 2024 | Small Business

The real estate market has been tough recently. But there are still large profits being made on some business property. In these cases, a “like-kind” exchange may be attractive when selling commercial or investment real estate.

4 ideas that may help reduce your 2023 tax bill

Dec 14, 2023 | Individuals

Before you know it, 2024 will be here. But until then, there may still be time to reduce your 2023 federal tax liability by taking these steps.

11 Exceptions to the 10% penalty on early IRA withdrawals

Dec 7, 2023 | Individuals

If you need cash, you may want to tap your traditional IRA. But if you’re not yet 59½, you may have to pay a penalty tax if you do. Here are 11 exceptions to the penalty.

Is your business subject to the new BOI reporting rules?

Nov 22, 2023 | Small Business

Many businesses, including small ones, may be subject to new beneficial ownership information reporting rules under the Corporate Transparency Act. Here’s what you need to know.

What are the tax implications of winning money or valuable prizes?

Nov 16, 2023 | Individuals

There are tax implications if you hit a sizable jackpot in the lottery or while gambling. Here are the basic rules.

Valuations can help business owners plan for the future

Nov 9, 2023 | Small Business

Most business owners know that a valuation will be necessary if they decide to sell their companies. But there are other reasons to consider engaging a qualified appraiser.

Contributing to your employer’s 401(k) plan: How it works

Nov 2, 2023 | Individuals

Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans to illustrate why you should strongly consider it.