Firstly — a quick reminder that we’re reaching the end of the month, which means getting your monthly reporting done.. Send us anything we’ve been asking for … by the 1st? 🙂 Second — Have you reported your Beneficial Ownership Information to FinCen yet? If not, and you own a business type that’s required to report this (verify that here), then it’s time to get on that. While you have until… Read More
How Tax Planning and Real Estate Can Help You Achieve Your Dreams
The marriage of Real Estate and exceptional Tax Planning is your vehicle to financial freedom and getting the life you want. In fact, the best investment you may ever make could be tax planning…IF you have a collaborative relationship with the right tax team. Real estate is the most tax advantaged investment that you can make with your time and money, especially its immediate depreciation tax break, even when cash… Read More
Using Tax Lot matching to reduce taxes
A Tax Lot is the recorded details of a security acquisition. Each acquisition on different dates or with different prices represents a new tax lot. Tax lots show cost basis information for positions. By Tax Lot Matching investors can specify which specific shares of a stock or mutual fund are sold, in contrast to the IRS default of first-in, first-out (FIFO). Huge tax savings can be achieved via Tax Lot Matching when… Read More
Some quick data points about filing your BOI (Beneficial Ownership Information)
The BOI report is filed online in a new federal database called BOSS (an acronym for Beneficial Ownership Secure System). Almost all industrialized nations already require that BOI reports be filed by businesses, and those nations have found them helpful in combating money laundering and other criminal activity. The United States is literally the last major country to require centralized BOI filing. You must file a separate BOI report for… Read More
Atlanta Business Owners, A Big Gmail Update Is on the Way
For a long time, the NFL was hands-off when it came to Las Vegas. They were unwilling to get anywhere close because of the long-time commissioner’s caution about the connections some big NFL names had with well-known mob connections. Commissioner Pete Rozelle and his successors were adamant about their anti-sports betting stance. Major changes in the NFL’s attitude toward Vegas came, slowly but steadily. First with the Raiders finding a new… Read More
A Failed Business Strategy Tale for Atlanta Owners
We’re less than a month away from March Madness. The NCAA recently released the tournament schedule with locations, if you’re wanting to see your favorite team play in person. Or you just want to mark it on your home calendar so your family knows you’ll be commandeering the living room TV for a few weeks. Something to mark on your office calendar that needs to be taken care of this year:… Read More