Are you thinking of selling your primary residence? Before you take that leap, it’s essential to understand the ins and outs of potential capital gains tax to avoid any unwelcome surprises come tax season. Let’s delve into the basics and exceptions to ensure you’re well-informed about what’s ahead. You don’t want to incur a larger-than-necessary tax bill.
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In an effort to safeguard small businesses and organizations from unscrupulous scammers, the IRS has introduced a withdrawal process for those who have filed an Employee Retention Credit (ERC) claim and have concerns about its accuracy.
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So, you’ve decided to sell your business and start a new chapter in your life. Whether it’s for retirement or another well-thought-out reason, ensuring a seamless transition is crucial. To help you navigate this significant undertaking, we’ve put together a comprehensive checklist for selling a business.
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Running a successful business involves making wise financial decisions, including knowing when to make big-ticket purchases for your company. Whether you’re looking to upgrade your office furniture, invest in new technology, expand your vehicle fleet, or acquire real estate, timing is crucial for securing the best deals.
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Our digital presence has become integral to our daily lives – from emails to social media profiles, online banking to cryptocurrency investments. Incorporating that digital presence into your estate planning is essential for preserving your legacy, protecting your financial interests, and reducing potential burdens on your loved ones. By proactively addressing these assets in your estate plan, you can ensure a smoother transition of your digital life while maintaining control over what happens to your online presence and valuable digital resources after you’re gone.
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As the final quarter of the year approaches, it’s time to turn our attention to those critical Q4 tax deadlines. Knowing these key dates is crucial whether you’re a small business owner or the person responsible for staying on top of an organization’s financial responsibilities. From tax filings to year-end planning, here’s the essential information you need to be ready for fourth quarter!
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