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Country Clubs Are Facing Financial Struggles

Country Clubs Are Facing Financial Struggles

August 18, 2022

The pandemic may be turning into an endemic, but for specific non-profits, the struggle remains. While country club living may seem like a dream to some, running a country club can be a financial challenge, especially if your country club is classified as a non-profit organization.

Significant Tax Changes for 2022 …What We Know So Far

Significant Tax Changes for 2022 …What We Know So Far

August 11, 2022

Each year there are changes to the tax code, and during the last two tax years, Congress voted to create new tax credits and extend several tax credits to help Americans with the economic impact of COVID. Many of those tax credits have expired for the 2022 tax filing. Understanding what has changed in the tax code is essential to working with your CPA to ensure you receive the appropriate deductions.

2022 Tax Planning: Basis of Property Acquired Under Code Section 1031

2022 Tax Planning: Basis of Property Acquired Under Code Section 1031

July 22, 2022

The real estate market has long been attractive for people and businesses looking to increase their net wealth. Additionally, savvy investors who work with their CPA may afford some tax advantages. In certain types of transactions, taxpayers have opportunities to defer gain on the exchange of property, including like-kind exchanges. Like-kind exchanges offer tax planning opportunities to defer gain on the exchange of real property held for business use or for investment in exchange for similar replacement property. 

Transaction Planning- Sale of Home

Transaction Planning- Sale of Home

July 18, 2022

2022 Transaction Planning: Sale of Residence

The hot housing market may be cooling slightly, but there are still many buyers looking to make a move now due to rising interest rates. Some homeowners are concerned that selling their homes now may significantly impact their taxes next year. Old news but good news nonetheless is homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. 

4 Advantages of Roth IRAs as Part of Your Tax Planning Strategy

4 Advantages of Roth IRAs as Part of Your Tax Planning Strategy

July 15, 2022

The last few weeks have been a bumpy ride for most investors in the stock market. The market volatility in 2022 has many investors rethinking their investment strategy and looking at other viable investment tools, including Roth IRAs.  From a tax strategy standpoint, this is usually when you should consider converting some of your retirement money into Roth IRAs.

Mergers and Acquisitions are Hot!!

Mergers and Acquisitions are Hot!!

May 26, 2022

Summer isn't the only thing heating up this year. The merger and acquisitions market hit a record of $2.9 trillion in transactions in 2021, an increase of 55% from 2020, and things are still heating up.