Frequently Asked Questions (FAQ)
Many clients have similar questions when it comes to accounting and taxes. Below you will find some of the most common questions we receive and our thoughts on these topics.
Keep in mind, not all businesses and situations are the same, so please feel free to contact us with any additional questions or clarifications pertinent to your situation.
IRA Contribution Limits for 2024
IRA Contribution limits for 2024. Learn about the types of IRAs and their contribution limits in the video below. If you have more questions about this, feel free to reach out to our firm for an advisory meeting. Have a great day.
Cost Segregation
What is cost segregation and why are so many people talking about it? Cost segregation is a method used to accelerate your deductions on the property that you purchase. It is commonly used in residential rentals and commercial real estate. The investor can allocate...
S Corp or LLC
I have a new business. How do I know if I should set up an LLC or an S Corp? They each have benefits. With an LLC, you have flexibility of partner distributions and how you allocate partner income. With an S Corp there's an opportunity for savings on your...
