by Stephen Morris, CPA, MBT, CCIM | Jun 5, 2023 | Tax Strategies
Navigating the complex terrain of the United States tax system is no small task. A solid understanding of tax deductions and credits can significantly reduce your tax liability. This article delves into commonly claimed deductions and credits for businesses and...
by Stephen Morris, CPA, MBT, CCIM | Jun 5, 2023 | Tax Strategies
While retirement offers a time to enjoy the fruits of one’s labor, navigating the tax landscape can be complex. Adequate tax planning is crucial to ensuring a comfortable retirement. This article aims to guide you through the basics of tax planning for...
by Stephen Morris, CPA, MBT, CCIM | Jun 5, 2023 | Tax Strategies
Estate planning is a critical aspect of personal wealth management. By planning ahead, you can ensure your assets are distributed according to your wishes while minimizing potential tax liabilities. This comprehensive guide will focus on estate tax planning...
by Stephen Morris, CPA, MBT, CCIM | May 30, 2023 | Real Estate
I hope everyone had a wonderful Memorial Day weekend Let’s start off this week with another discussion of real estate investment analysis. It is my contention that vacancy and turnover costs are an area that optimistic real estate investors bury their heads in the...
by Stephen Morris, CPA, MBT, CCIM | May 29, 2023 | Tax Strategies
In the intricate world of finance and business, Certified Public Accountants (CPAs) play a vital role. These financial professionals not only oversee financial operations for organizations but also contribute to strategic decision-making processes. A CPA is a...
by Stephen Morris, CPA, MBT, CCIM | May 16, 2023 | International, Tax Strategies
As part of the ongoing series on international taxation, we are going to delve into various areas, focusing first on the fundamentals, then moving on to US inbound taxpayers and eventually over the course of several months, working on US outbound taxpayers. US inbound...
by Stephen Morris, CPA, MBT, CCIM | May 11, 2023 | Real Estate
I love talking about real estate investing strategies as much as I love talking about real estate tax strategies, so in this article I want to focus on the concepts you need to consider when you are buying out of your area such as an investment in an out of state...
by Stephen Morris, CPA, MBT, CCIM | May 5, 2023 | Tax Strategies
When buying business real estate—for your own occupancy or for rental to others— you should take steps that maximize the income tax depreciation deductions that you can claim for the property. Here are a few suggestions. Separating improvements from land Not all of...
by Stephen Morris, CPA, MBT, CCIM | May 2, 2023 | International, Tax Strategies
In this post, we’ll cover a little bit about how international tax works. The US Internal Revenue Code and its related clarifying regulations, rulings, and cases is inherently complex to begin with (proponents of the system call it “sophisticated”), adding in the...
by Stephen Morris, CPA, MBT, CCIM | Apr 28, 2023 | Real Estate
In this article, I wanted to shift gears a little bit and talk about a mistake I see a lot of developers make and folks in the real estate space who engage in some kind of value add activity. Selling your property too early can be absolutely lethal and I wanted to...
