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Category: Taxes

A detailed approach to finances can help you avoid tax troubles

A Detailed Approach To Finances Can Help You Avoid Tax Troubles

Fiscal management is a major component of small business ownership.

Even if you outsource in this area, knowing the ins and outs of your company’s finances and being educated enough to double-check your ledgers will help ensure you always know the financial health of your business. This is especially important when it comes to paying taxes, managing a budget, and being prepared for unanticipated financial issues. Reconciled can help with your accounting and bookkeeping to help you avoid tax troubles.  

Cost Segregation Helps Real Estate Owners

How Cost Segregation Helps Real Estate Owners Build Wealth

A general tax strategy is to recognize as many write-offs as we can.

We want to do this as early as we can to minimize taxes. And cost segregation helps real estate owners minimize taxes. Reinvest tax savings into your growing business. Use those additional funds to invest in items that further reduce your taxes. When it comes to your tax return, this is one of the few times when losses are actually a good thing! Cost segregation is one of the most effective ways to create losses when you are a real estate investor or your business owns real estate.

What qualifies as R&D expenses?

What Qualifies as R&D Expenses?

The Research & Development Tax Credit (R&D tax credit) is a dollar-for-dollar federal tax credit that incentivizes the development of new or improved products or processes.

Potentially any company that performs “qualifying research activities” (QRAs) on U.S. soil can take advantage of the credit. R&D expenses that qualify for the R&D tax credit are known as qualified research expenses or qualifying research expenditures (QREs).

What is a cost segregation study?

What Is a Cost Segregation Study, and Why Plan One Now?

Cost segregation is a tax planning strategy that reduces federal income tax liability.

It does this by accelerating the depreciation of commercial building costs. It can be a smart way for businesses to make their real estate investments work for them sooner rather than later. So, let’s look at the cost segregation process and the benefits of doing a cost segregation study.

Small Business Bookkeeping Blog