I’ve successfully telecommuted 700 miles to work for the last 8 years, giving me a unique perspective on how work from home essentials have changed and what tools really work. I’ve used many programs, software, tools, apps, and websites over the last 8 years, but here’s my top 10 list of work from home essentials…
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The new tax law has dominated political discussion for months and will likely continue to do so well into 2018. Consequences, both intended and otherwise, are still unclear. But for now, these are the big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but…
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Be honest– how many times have you claimed the full amount on a receipt as a business deduction with non-business related items on it? For example, purchasing gas, a legitimate business expense, but then also including a soda and bag of chips in the total amount of the deduction. Mixing personal and business expenses on…
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The recently enacted Tax Cuts and Jobs Act (TCJA) introduces two elections, one to defer gain from the sale of property that is reinvested in an investment in a Qualified Opportunity (QO) Fund and another to permanently exclude gain from the sale or exchange of the investment in the QO Fund. These elections can provide…
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Updated March 29, 2023 Do 1031 exchange dates qualify for disaster relief date extensions? The recent IRS announcement providing disaster relief for California residents in Affected Counties automatically extends certain due dates for 1031 exchanges to as late as October 16th, 2023. Any business or individual taxpayer that resides in an Affected County would qualify,…
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A new reporting requirement for businesses, The Corporate Transparency Act, is officially in place with the potential for very high penalties. Do not ignore this legislative change—meet with your legal advisors as soon as possible to develop an action plan for the Beneficial Owner Information Reporting. This is part of the federal government’s anti-money laundering…
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