by Derek Dall'Olmo | Nov 11, 2022 | Uncategorized
You asked and we listened! In this blog, we break down the most commonly asked HSA (Health Savings Account) questions. HSAs are a valuable tax savings vehicle — but they are complicated! Whether you have been optimizing your health expenses through HSA spending, or...
by Derek Dall'Olmo | Oct 10, 2022 | Uncategorized
The COVID-19 Relief Bill brought a nice perk for business owners via a change to the meal expense deduction guidelines for the IRS for tax years 2021 and 2022. The previous Tax Cuts and Jobs Act (TCJA) of 2017 had reduced the deduction to 50%, down from previous...
by Derek Dall'Olmo | Sep 29, 2022 | Uncategorized
Planning for 2023 Tax Efficiency Today Many business owners use this time of year to put taxes out of mind and just “get through the balance of the year with decent recordkeeping.” It can be easy to count on the promise of a new year push to finally sort...
by Derek Dall'Olmo | Sep 14, 2022 | Uncategorized
If you’re hesitant to sell a high-value asset because you don’t want to pay capital gains, a Deferred Sales Trust can provide a solution. A cousin to the 1031 Exchange, a Deferred Sales Trust gives you options for tax deferral on the sale of various types of real...
by Derek Dall'Olmo | Aug 29, 2022 | Uncategorized
Tax season is likely one of the last things on your mind in August. As an entrepreneur, it usually feels like you’re more focused on operating the business and putting out fires than growing your business. As we forge ahead into the second half of 2022, you may be...
by Derek Dall'Olmo | Aug 17, 2022 | Uncategorized
If you own an investment property but you’re hesitant to sell because of the tax bill, a 1031 exchange might be perfect for you. The 1031 tax-deferred exchange is often viewed as a “swap out” of the existing property for a new one without incurring capital gains. In...
