Insights

Tax Benefits and Risks to Consider in Real Estate Investments

  

Real estate investment has long been an attractive option for investors seeking to diversify their portfolios and build long-term wealth. With it brings the potential for steady rental income, property value appreciation, and a hedge against inflation. Alongside these well-known benefits, however, lies a complex tax landscape that real estate investors must navigate. This article will…

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Securing Operational Records in Business Emergency Preparedness Plans

  

Natural and human-caused disasters often occur without much warning and can disrupt even the most well-oiled operations. Being equipped with an emergency preparedness plan for your business can ensure continuity after an incident. Your emergency plan should include your business’s operational documents. Keeping these documents secure can facilitate informed decisions during a crisis, enabling effective…

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What To Know About Overtime Rules

  

Overtime rules under the Fair Labor Standards Act (FLSA) can be confusing, but business owners need to know the provisions. Following are some provisions to be aware of. There’s no limit on the number of hours employees age 16 and older may work in any workweek. The FLSA doesn’t require overtime pay for work on…

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Corporate Transparency Act: What Small Businesses Need to Know About New Reporting Requirements

July 11, 2024

Effective January 1, 2024, millions of privately-owned small businesses became subject to new reporting obligations under the Corporate Transparency Act (CTA), an anti-crime law that seeks to uncover the concealment of illicit money through the use of shell and front companies. In an effort to increase transparency of true ownership behind anonymous corporate structures, entities…

July 2024 Newsletter

July 10, 2024

Disasters often occur with no warning and can be devastating to any business. Being prepared with emergency preparedness plans is vital.

How To Handle Intangible Assets – Part II: Business Buyers Beware

July 3, 2024

If you are currently in the market to acquire a business or may consider such a move later, you will want to carefully consider intangible assets in your business valuation. While these assets have value you don’t want to ignore, you will also want to ensure you account for them in the most tax-favorable way…

Do You Have More Than 100 Employees in Your Employee Benefit Plan?

June 13, 2024

If you have more than 100 employees participating in your employee benefit plan (EBP), you may be required to undergo an EBP audit. For plan years beginning on or after January 1, 2023, the requirements for an EBP audit have changed. Defined contribution plans that have at least 100 participants with account balances in their…

The Importance of Beneficiary Designations

June 13, 2024

“Carol Page” got a call from the bank-an IRA from her deceased father was found and paperwork needed to be signed. But before the money was made available, a snag was discovered-her mother was named as the beneficiary, and unfortunately, her mother had recently died. The bank explained that now Page had to work with…

Small Business Tax Breaks: Are You Leaving Money on the Table?

June 13, 2024

When running a small business, it’s easy to get caught up in the day-to-day demands of overseeing operations, managing cash flow, and ensuring customer satisfaction. With so many pressing priorities, exploring tax breaks and incentives often falls to the bottom of the to-do list. However, taking the time to learn more about available tax benefits can…

June 2024 Newsletter

June 13, 2024

Taking time to learn about available tax benefits can lead to significant savings and reinvestment opportunities for your business.

Ransomware is Targeting Small Businesses

June 12, 2024

During the pandemic, data breaches disproportionately affected smaller companies; they were targeted at twice the rate of larger businesses. Since the pandemic, those same smaller companies have been struggling with COVID-19 fallout ranging from supply and labor shortages to bouts of inflation. All those preoccupations have left them more vulnerable to ransomware attacks. Enemy at…

May 2024 Newsletter

May 9, 2024

Rising property values in Arizona are prompting investors to implement 1031 exchange strategies to mitigate hefty capital gains taxes and reinvest for further growth.