Defer Capital Gains with Sec. 1031 Exchanges

If you're a savvy investor, you probably know that you must generally report any mutual fund distributions as income, whether you reinvest them or exchange shares in one fund for shares in another. In other words, you must report...

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How Can I Raise Money for My Small Business

Table of Contents How Can I Raise Money For My Small Business? What Types Of Loans Exist For Business Financing? What Do Banks Look For When Considering A Loan Request? How Do I Write A Good Loan Proposal? How Can I Raise Money for...

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Covid-19 Resource Center

.entry_content ul li a{color:#cf2e2e} What You Need to Know Table of Contents Small business relief financing for COVID-19Loan Details and ForgivenessProgram OverviewProgram informationProgram RequirementsEligibility Requirements7a Loan ForgivenessHow to calculate your maximum loan amount if you have no employees?What documents are you required...

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Five Facts About the Opportunity Zone Tax Incentive

Providing tax benefits to investors who invest eligible capital into distressed communities throughout the U.S. and its possessions, Qualified Opportunity Zones (QOZs) were created under the Tax Cuts and Jobs Act of 2017 to spur economic development and job creation. If you're...

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Deadline for Retirement Plan Distributions is April 1

In most cases, taxpayers who turned 70 1/2 during 2018 must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Monday, April 1, 2019. The April 1 deadline applies to owners of traditional (including SEP and SIMPLE)...

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Safe Harbor for First Year Passenger Auto Depreciation

Under the Tax Cuts and Jobs Act (TCJA), there is an additional first-year depreciation deduction that applies to qualified property, including passenger automobiles, acquired and placed in service after September 27, 2017, and before January 1, 2027. Generally, both the section 179 and the...

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The Small Business Health Care Tax Credit

If you're a small business owner with fewer than 25 full-time equivalent employees you may be eligible for the small business health care credit. What is the Small Business Health Care Credit? The small business health care tax credit, part of the Patient Protection and...

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ACA (Affordable Care Act) Reporting Requirements for Employers

The health care law contains tax provisions that affect employers. Two parts of the Affordable Care Act apply only to applicable large employers. These are the employer shared responsibility provisions and the employer information reporting provisions for offers of minimum essential coverage. The size...

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Organize Your Small Business Accounting Process

If you aren’t particularly good with numbers, keeping your finances in order can be tricky. It’s even harder when you have to juggle both business expenses and personal financial matters. If you want to stay ahead of the curve...

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Important Questions to ask Your Future Business Partner

Starting your own business may be your lifelong dream. It’s the culmination of hard work, meticulous planning and tremendous sacrifice. The real fun and challenge is just beginning. If you’re starting this business with a partner, it’s important that...

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