Ratio Analysis
May 26, 2023 8:57 pm Leave your thoughtsThis article will cover some of the most common financial ratios, which can be found using income statements, cash flow,... View Article
Author Archives for Sean Allaband
What Type of Business Entity Should I Start?
May 19, 2023 8:11 pm Leave your thoughtsThis article will address some of the common types of companies that you can form, including a sole proprietorship, limited... View Article
Opportunity Zones
May 12, 2023 6:39 pm Leave your thoughtsInvestors who want to lower their capital gains taxes should focus on identifying investments in Qualified Opportunity Zones. People who... View Article
199A Deductions
May 5, 2023 3:02 am Leave your thoughtsThe Tax Cuts and Jobs Act, known as TCJA, created multiple benefits for all types of small business owners looking... View Article
The Benefits of Delaware Statutory Trusts
April 29, 2023 1:41 am Leave your thoughtsIt is challenging for many investors to gain exposure to institutional quality real estate investments. There are not very many... View Article
Opportunity Zones
April 22, 2023 8:36 am Leave your thoughtsInvestors who want to lower their capital gains taxes should focus on identifying investments in Qualified Opportunity Zones. People who... View Article
The tax benefits of municipal bonds
March 28, 2023 3:28 pm Leave your thoughtsInvestors who are interested in lower-yielding investments that carry lower risks should consider municipal bonds over other fixed-income investments due... View Article
Roth 401K and Roth IRA Accounts
March 18, 2023 9:58 pm Leave your thoughtsThis article will discuss some of the benefits of Roth 401K and Roth IRA accounts and determine which type of... View Article
Section 179 depreciation and MACRS Depreciation Categories
March 4, 2023 3:54 am Leave your thoughtsSection 179 and MACRS are two very important depreciation categories that can allow businesses to rapidly depreciate assets in the... View Article
Depreciation under the TCJA, including Bonus Depreciation
March 2, 2023 8:18 pm Leave your thoughtsIt is crucial for small business owners to be aware of some of the new changes in the Tax Cut... View Article
When Does the IRS Consider my Money-Making Busines a Hobby?
March 17, 2021 9:53 pm Leave your thoughtsThere often is a fine line between having a hobby that makes a little money and a business that shows little profit. While it likely doesn’t make much difference to you whether you are pursuing an activity as a hobby or business, it can significantly impact your federal income tax bill.
President Biden’s Tax Plan Could Raise Taxes on Corporations and the Wealthy
March 2, 2021 6:11 am 2 CommentsIt was not the centerpiece of his campaign, but President Joe Biden took office in January touting a tax plan... View Article
Portability Ensures that Couples Receive Full Benefit of their Estate Tax Exemptions
January 15, 2021 6:17 pm Leave your thoughtsThe term “portability” describes a provision added to the federal estate tax law in 2010 that allows the surviving spouse’s... View Article
Revocable vs. Irrevocable Trusts for Estate Planning
December 30, 2020 7:29 pm Leave your thoughtsTrusts have long provided an estate planning tool for individuals and couples with significant assets who are seeking benefits beyond... View Article
Solo 401Ks Offer Tax-Advantaged Retirement Planning for the Self-Employed
November 20, 2020 12:29 am 1 CommentA solo 401K plan is one of the most popular retirement plans for self-employed individuals running a business without other... View Article
LLCs and Sole Proprietorships
November 10, 2020 5:08 am 2 CommentsOver the past few years, an increasing number of Bay Area workers have embraced the gig economy and begun operating... View Article
Reasonable Compensation for an S Corp Shareholder
September 25, 2020 7:44 pm Leave your thoughtsA Subchapter S corporation (S corp) is a pass-through entity where the company’s income and losses flow through to shareholders... View Article
Will Filing as an S Corporation Reduce the Tax Bill of a Business Owner?
September 6, 2020 12:01 am Leave your thoughtsMy business clients often ask me whether they would see a tax benefit if they converted their business to an... View Article
How to Pay Taxes on a Lawsuit Settlement
August 15, 2020 6:35 pm Leave your thoughtsMany individuals who settle a lawsuit do not stop to consider that they may need to set aside part of their settlement to pay the federal tax that may be due on it.
The Federal Export Incentives Offered IC-DISCs Provide Businesses with Significant Tax Savings
August 8, 2020 11:53 am Leave your thoughtsExport incentives are assistance provided by governments to help businesses sell products in foreign markets. The only federal export incentive... View Article