Real Estate
1031 Exchange
The 1031 Exchange is one of the most powerful tools in real estate investing — it allows you to defer capital gains tax on the sale of investment property. Learn when and how to use it.
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Tax Planning Ideas
and Concepts
Great tax planning starts with understanding your options before the year is over. These resources cover the strategies we use most often — and how to tell whether they apply to your situation.
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- Tax Deductions
Meals and Entertainment
The IRS has broken the deductibility of meals and entertainment into multiple categories. Some expenses are fully deductible while others are not deductible at all. Learn which categories to maintain in your books.
Read More - Investment Taxes
Net Investment Income Tax (NIIT)
A 3.8% tax on investment income when household income exceeds certain thresholds. Implemented under the ACA. There are strategies to reduce your exposure.
Read More - Real Estate
Opportunity Zones
8,700+ geographic tax havens across all 50 states, created under the 2017 tax cuts. Significant incentives for real estate investors who deploy capital into qualifying areas.
Read More - Construction
Percentage of Completion
Contractors and businesses with long-term revenue sources can use a Work-in-Progress schedule to properly align revenue with costs. Learn how to calculate your percentage of completion and avoid common pitfalls.
Read More - Tax Planning
Private Foundations and Donor Advised Funds
A powerful strategy for high-income years — increase tax deductions significantly through strategic charitable giving structures. Learn when these tools make sense.
Read More - Estate Planning
Probate
The legal process by which a court determines the validity of a will. Understanding probate helps you plan how to avoid it — or navigate it if necessary.
Read More - Business Operations
Professional Employment Organizations (PEO)
Many companies use PEOs for HR support and benefits — but the costs can add up. Learn how to evaluate PEO pricing and what to look for in a provider.
Read More - Tax Deductions
Qualified Business Income Deduction (QBI)
Under certain circumstances, business owners can deduct 20% of their business income. There are industry and income limitations. Learn how to maximize this deduction.
Read More - Tax Credits
Research and Development Tax Credit
R&D Tax Credits are lucrative and available to many business owners who aren't claiming them. Learn whether your business activities qualify.
Read More - Estate Planning
Revocable Trusts
Our general guidance: form one or more trusts to hold most of your assets. Clients with net worth over $5M (single) or $10M (married) often benefit most. Learn the differences between revocable and irrevocable trusts.
Read More - Business Structure
S-Corp vs. LLC Taxation
How self-employment taxes are assessed differs significantly between an LLC taxed as a partnership and an S-Corp. Understanding this difference can save business owners thousands each year.
Read More - Tax Planning
State and Local Taxes (SALT)
The Trump tax cuts limited SALT deductions for high-income earners. However, many states — including Utah, Arizona, and California — have passed laws to help recapture these deductions.
Read More - Retirement
State Mandated Retirement Plans
16 states either require or are considering state-mandated retirement plans. As an employer, failing to handle this correctly can result in significant penalties. Learn how to avoid them.
Read More - Tax Planning
Stock Donations
Donating appreciated publicly traded stock eliminates taxes on income that would otherwise be paid. Learn the mechanics and how to make this strategy work for you.
Read More - Investment Taxes
Tax Loss Harvesting
Timely selling of securities at a loss to offset capital gains tax on other securities. If you hold stocks currently valued at a loss, this strategy may reduce your tax bill this year.
Read More - Retirement
Tax-Free States and Retirement
9 states have no state income tax. Living more than half the year in one of them can reduce your total income tax exposure by up to 25%. A strategy worth considering as you approach retirement.
Read More - Tax Credits
Tip Tax Credit
Any employer with tip-based employees can claim a credit on employer payroll taxes associated with employee tips. Learn whether your business qualifies and how to claim it.
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These articles provide a foundation — but the best tax planning is customized. A planning session with our team takes your actual numbers and goals into account.