by Jackie Scroggs | Sep 5, 2024 | Newsletter
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current federal income tax implications: 1. Roth IRAs offer tax-free income accumulation and withdrawals. Unlike...
by Jackie Scroggs | Sep 5, 2024 | Newsletter
Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal liability and other issues. For many businesses, a limited liability company (LLC) is an attractive choice. It can be structured to...
by Jackie Scroggs | Sep 5, 2024 | Newsletter
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify. However, some businesses may be better off using the accrual method. Therefore,...
by Jackie Scroggs | Sep 5, 2024 | Newsletter
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through entity such as an LLC, partnership or S corporation. You may expect to pay Uncle...
