Getting a new customer is exciting. Getting that same customer to buy from you again is often much more valuable. Businesses can spend a significant amount of money on advertising, promotions, salespeople, and other customer-acquisition efforts just to convince someone to make their first
Beyond Profits: Cultivating Care for Your Business and Bottom Line
The world of business can often feel transactional, focused almost entirely on revenue, expenses, and the elusive bottom line. And yes, financial success matters. A business that can't make money eventually becomes a very expensive hobby. But caring for your business is about more than maximizing
EV Tax Credit: A Green Light for Electric Vehicles
The electric vehicle (EV) market has changed significantly in the past few years, and so have the federal tax incentives designed to encourage people to buy electric vehicles. If you've seen older articles promising a $7,500 federal tax credit for a new EV or a $4,000 credit for a used EV,
When Should Your Small Business Add Another Service?
There is a particular moment in every small business owner's life when a customer asks: "Do you guys also do ______?" Sometimes the answer is easy: "No, that's not what we do." But eventually, you hear the question enough times that you start wondering whether you're leaving money on the
Should You Prepay Property Taxes to Get an Itemized Deduction?
Every year around tax time, homeowners ask the same question: Should I prepay my property taxes to get a bigger tax deduction? The answer is: sometimes — but it depends on your overall tax situation. And there's an important update homeowners need to know: the federal SALT deduction limit is
Real Estate Tax Strategy: Cost Segregation, Accelerated & Bonus Depreciation
Real estate can be an excellent long-term investment, but property owners don't have to wait decades to receive the tax benefits associated with depreciation. For certain real estate investors, a cost segregation study combined with accelerated depreciation and bonus depreciation can
How to Reduce Taxes After Selling an Investment Property
Selling a property can be a fantastic financial move. You bought an asset, watched it appreciate, and finally decided it was time to cash out. Then comes the less exciting part: the tax bill. Depending on how long you owned the property, how you used it, your original cost basis, depreciation,
537 Installment Sale Trusts for Commercial Real Estate: Strategy vs. Scrutiny
When commercial real estate property owners in the Seattle and Puget Sound area prepare for a major exit, capital gains taxes are often the biggest hurdle to preserving net proceeds. Between federal capital gains, depreciation recapture, and Washington’s local real estate excise taxes (REET), an