Category Archives: Uncategorized

What is a Real Estate Professional For Tax Purposes?

Overview For tax purposes it can be beneficial to be considered a real estate professional. Being a real estate professional offers benefits but also has requirements. If you can qualify as a real estate professional, then you avail yourself many tax advantages and tax savings opportunities. Let’s clarify what a real estate for professional tax

What is the Knoster Chart for Managing Complex Change?

  Knoster Model For Managing Complex Change   If you are trying to implement new changes to your team, as a leader is important that they have the right tools to succeed. Often times we wish there was a plan or formula for success, well when we look at the Knoster chart we are given

Is The ERC Real?

  What is the ERC? The employee retention credit, better known as ERC is a refundable tax credit designed for businesses who continued to pay their employees during shutdown or decline in gross receipts due to the Covid-19 pandemic. Eligible taxpayers can claim this credit from March 13, 2020, to December 31, 2021[1], on an

What Are My Retirement Plan Options?

Overview    As a leader of a successful business, you may be in the position that you are looking to create a retirement plan for you and your employees. Maybe you are looking to make sure that you have the right plan for your situation. Well, every year we help clients determine the best plan

How Can I Defer Taxes on the Sale of My Residence and Vacation Home?

How can I defer the taxes on the sale of my residence or vacation home?  We recently had a client move out of California and purchase a new residence in another state.  They want to sell their California residence AND their vacation house that is also in California.  Both properties have taxable gains of more

Will My Used Car qualify for the Clean Air Vehicle Tax Credit?

Credit of Previously-owned Clean Vehicles  If you are in the market for a new to you clean vehicle this may be of interest to you and help you reduce your taxes.  With the passing of the Inflation Reduction Act of 2022 on August 16, 2022, there is a new tax credit available for the purchase