Qualifying as a real estate professional is not easy. On the bright side, if you qualify as a professional real estate, you are entitled to an income tax treatment that can benefit...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
A professional athlete typically earns huge annual salaries, on top of their million-dollar endorsement and profitable career opportunities. But it does not secure them from having...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
A lot of things pop up for small businesses at every end of the calendar year. This is the right time to start thinking when you feel that you want to achieve something for the next...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
The final regulations around the increased gift and estate tax exclusion amounts in effect from 2018-2025 has been issued finally by the Treasury Department and the Internal Revenue...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
Depreciation doesn’t sound appealing to most of us. However, all the tax savings it will give you might be of great benefit for you!You should familiarize yourself on the basics...
Posted by Debi G Hill, CPA on 12/28/2019
In the year 2020, how much do you think you can save for retirement? The 401(k) contribution limits are up, traditional IRA contribution limits stay the same, and almost all the numbers...
Posted by Debi G Hill, CPA on 12/28/2019
A business operated by an individual owner is what we will call a sole proprietorship. And, for several reasons, the sole proprietor is unique:You can just get started if you want...
Posted by Debi G Hill, CPA on 12/28/2019
Proposals to introduce a wealth tax into the US Internal Revenue Code have been emphasized by some Democratic candidates such as Bernie Sanders, Tom Steyer, and Elizabeth Warren especially...
Posted by Debi G Hill, CPA on 12/28/2019
Every person has their own financial plans. There are also mistakes that are common. If you are a retiree and unsure if you have a common mistake, read on to know how you can avoid...
Posted by LLOYD J CAZES CPA on 12/28/2019
