by Gilbert CPA | Mar 11, 2025
Tax implications of property upgrades: repairs vs. improvements If you own rental properties or business real estate, it’s almost guaranteed that you’ll need to address building upkeep or upgrades at some point. Whether it’s fixing a leaky roof or...
by Gilbert CPA | Mar 8, 2025
IRS appraisal rules: what you need to know before gifting or donating noncash assets Are you thinking about donating a piece of real estate to your alma mater? Gifting a rare collection to your children? Or transferring a valuable classic car to a charity auction?...
by Gilbert CPA | Mar 6, 2025
Treasury Suspends Corporate Transparency Act (CTA) Reporting for U.S. Companies Big news for businesses: On March 2, 2025, the U.S. Treasury Department suspended the March 21, 2025, filing deadline under the Corporate Transparency Act (CTA) for all domestic companies...
by Gilbert CPA | Feb 5, 2025
Don’t fall for tax clickbait: how to spot dubious financial advice online We’ve all seen those eye-catching pop-up ads while browsing the web: “Discover the One Major Tax Trick the IRS Hates!” Most of us recognize such blatant clickbait and either avoid clicking or...
by Gilbert CPA | Feb 4, 2025
Maximize your QBI Deduction with Thoughtful Planning If you own a business organized as a pass-through entity, the Qualified Business Income (QBI) deduction offers a valuable opportunity for tax savings. Under the Tax Cuts and Jobs Act, this deduction can allow sole...
