Building Wealth Utilizing 1031 Exchange
March 01, 2023
There are several reasons real estate investors use 1031 Exchanges. As a business property, real estate investment is a path to defer taxes and an opportunity to build wealth to pass down to the next generation. Everyone has different needs. How do you know if a 1031 exchange is suitable for you?
Why You Need To Consider a Cost Segregation Study Now
February 28, 2023
Cost segregation has been a tool savvy real estate investors use to allow subcomponents of a building to be deprecated in an accelerated timeframe, reducing tax liability and freeing up cash flow. Additionally, in 2023 there is an added benefit of 80% bonus depreciation to minimize tax liability further.
January 20, 2023
It is no secret that electric vehicles (EV) are popular in California. Drive down any street, and you will surely see a number of these vehicles in shopping malls, business parking lots, and probably in your neighbor's driveway.
August 28, 2022
Last week the White House announced the Tuition Debt Relief Program to cheers and jeers, depending on your viewpoint.
According to the fact sheet provided, tuition debt relief will not be treated as taxable income for federal tax purposes.
This new program will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education and up to $10,000 in debt cancellation to non-Pell Grant recipients.
Eliminating Single Audit Stress
August 25, 2022
Let's face it; the word audit instantly sends a message to your brain that you have entered into a stressful situation. Many non-profit organizations are accustomed to the yearly Single Audit process. They have worked with their CPA to understand the process and requirements involved. For these groups, conducting a Single Audit is the "price you pay" for receiving federal funds.
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.