Investing in Opportunity Zones: The Facts

Investing in Opportunity Zones: The Facts

Investing in Opportunity Zones: The Facts The Tax Cuts and Jobs Act included numerous changes for businesses and individuals. One of these was the creation of the Opportunity Zones tax incentive, the purpose of which is to spur economic development and job creation in...
Year-End Tax Planning Strategies for Business Owners

Year-End Tax Planning Strategies for Business Owners

Year-End Tax Planning Strategies for Business Owners Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting...
Individual Taxpayers: Year-End Tax Planning Strategies

Individual Taxpayers: Year-End Tax Planning Strategies

Individual Taxpayers: Year-End Tax Planning Strategies With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies you can use to minimize your tax burden for 2020. General Tax Planning Strategies General tax planning...
Tax Preparation vs. Tax Planning

Tax Preparation vs. Tax Planning

Tax Preparation vs. Tax Planning Many people assume tax planning is the same as tax preparation, but the two are quite different. Let’s take a closer look: What is Tax Preparation? Tax preparation is the process of preparing and filing a tax return. Generally,...
Pandemic Diaries: Providing Liquidity Through Divestitures

Pandemic Diaries: Providing Liquidity Through Divestitures

[vc_row][vc_column][vc_column_text]By Michael Lovell Typically, businesses have a life cycle and transition through phases, from initial launch through maturity. The coronavirus has impacted the economy in such a manner that even industries that have traditionally...