4 Tax Breaks for Boat Owners
Summer is almost here and many taxpayers turn to sailing and joy rides on the water. Be aware that there are beneficial tax breaks available to boat owners. It’s well known that a home can…
Read More...Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
Summer is almost here and many taxpayers turn to sailing and joy rides on the water. Be aware that there are beneficial tax breaks available to boat owners. It’s well known that a home can…
Read More...April 15th came and went without filing your tax return. Now what? It is easy to put off filing your taxes. Life is a jam packed with places to be and things to do. Finding…
Read More...The home sale exclusion is one of the biggest tax breaks around. If you qualify, you can exclude tax on up to $250,000 of profit from a sale if you’re a single filer or $500,000…
Read More...Believe it or not, the months following April 15th are actually the best time to jump back into things and start preparing for the next tax year. As your finalized tax return is fresh and…
Read More...Generally, it takes nearly four decades to fully depreciate the cost of a business building. That’s a long time in most people’s book. But you may be able to recoup the cost of certain components…
Read More...Escalating outlays and flatlined revenue can force a business to the emergency room, figuratively speaking. If the cost of materials, loans and labor soars, drastic steps may be needed. Sometimes you can avoid price increases…
Read More...Identity thieves and scam artists are relentless in finding ways to steal your personal information and your money. Make sure you’re following these five steps to help make their jobs more difficult: Protect your computer…
Read More...Simple Tips to Reduce Your Chance of an Audit 1. Your income exceeds or doesn’t meet your various forms (W-2, 1099s, etc.) 2. Match the forms and reports, even if they are wrong. 3….
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