With all the advertising produced by major insurers such as Allstate, Progressive and State Farm, you probably will never hear such commercials about captive insurance policies. Captive insurance, as its name suggests, refers to insurance policies that are created and...
Finding Real Life Solutions To Your Tax Problem
Month: August 2017
Can Mayweather-McGregor tickets be tax deductible?
Those who believe that boxing has simply become a circus-like spectacle may be proven right this weekend when UFC champion Conor McGregor steps into the ring to face former champion Floyd “Money” Mayweather, Jr. The exhibition is expected to be a pay-per-view bonanza...
The basics of accelerated accounting methods
Depreciation is one of the most common methods used by businesses to reduce their taxable income. However many do not understand the concept of accelerated depreciation. Additionally, they do not know how much money could be saved by using this method. This post will...
How much in taxes will you owe from your next flip?
If you’re a fan of HGTV’s “Flip or Flop” series, you probably have considered flipping houses as an investment strategy or business. After all, the shows make it seem like renovating houses is a quick and lucrative process to make a great deal...
How to avoid reporting problems on your next return
With the 2018 tax season far away, it is easy to forget about what is necessary to process a proper return. It is akin to kids being on summer vacation and forgetting most of what they learned the previous year. But like children preparing for another school year, it...