Blog Posts

Welcome to our business blog

Providing updates on tax, accounting, and even macroeconomic/geopolitical issues that affect individuals and businesses.

RETAX: Repairs or Improvements?

In this second article in our series on real estate tax topics, I will discuss how to determine whether work performed on your real estate property is a repair or an improvement. The tax treatment for each is quite different, as discussed below. Why it’s important Many landlords complete work on their property under the…

Potential Tax Changes by Congress

Congress is looking at multiple potential changes in the tax law in 2021. Nothing is certain yet, but here are some areas where they seem to be focused: State and Local Income Tax (SALT) deduction – This itemized deduction item was capped a few years ago at $10,000. However, it appears congress is considering modifications…

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