Ideas & Insight

Read on to see how much the new standard business mileage rate will be for 2022 Business tax returns and how to use it.

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. We can meet to compute what the […]

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your operating […]

Do you know the value of your dental practice? How would you go about setting a buyout price? Practice valuation is not an exact science. There are a variety of approaches and multiple factors to consider. If you are thinking about selling your practice in 2-5 years, it’s important to start preparing now.  Here are […]

Tips on how to get the most out of your 401(K) Plan

Wishing you and your loved ones peace and happiness this holiday season.

Business owners quick guide to Guaranteed Payments and QBI Deductions.

Read to learn all about key deadlines for 2023 Q

Don’t sell your stock shares at a loss until you read about the wash sale rule.

Everything You Wanted to Know about Federal Student Loan Forgiveness but Were Afraid to Ask.