by Sarah Boehle Pool | Jan 31, 2024 | Latest News
It’s possible (but not easy) to claim a medical expense tax deduction One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost you. Can you deduct your out-of-pocket medical costs on your tax return? It depends. Many...
by Sarah Boehle Pool | Jan 29, 2024 | Latest News
Defer a current tax bill with a like-kind exchange If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you...
by Sarah Boehle Pool | Jan 25, 2024 | Latest News
3 types of internal benchmarking reports for businesses As each year winds to a close, owners of established businesses can count on having plenty of at least one thing: information. That is, they have another full calendar year of financial results to peruse, parse...
by Sarah Boehle Pool | Jan 24, 2024 | Latest News
Don’t overlook taxes when contemplating a move to another state When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be closer to family members. Don’t forget to factor state and local...
by Sarah Boehle Pool | Jan 22, 2024 | Latest News
The standard business mileage rate will be going up slightly in 2024 The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024. The IRS recently announced that the...
