How renting out a vacation property will affect your taxes

How renting out a vacation property will affect your taxes

Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may wonder about the tax implications of renting it out for part of the year. Count the days The...
The Augusta Rule: Your Secret Tax-Saving Strategy

The Augusta Rule: Your Secret Tax-Saving Strategy

By Gentry SproutDirector of Tax & Advisory Services Have you heard of the Augusta Rule? This is something we get questions about frequently, so let’s unravel the mystery of the Augusta Rule and how it can be a game-changer for your tax strategy. This rule might...
President Biden’s proposed budget highlights his tax agenda

President Biden’s proposed budget highlights his tax agenda

President Biden has released his proposed budget for the 2025 fiscal year, including numerous tax provisions affecting both businesses and individual taxpayers. While most of these provisions have little chance of coming to fruition while the U.S. House of...
Dan Gomer: The Educator’s Path to Real Estate Mastery

Dan Gomer: The Educator’s Path to Real Estate Mastery

Episode Transcription Glenn Harper [00:00:00]: Well, hello, everybody. Welcome to another edition of the Empowering Entrepreneurs podcast. I’m Glenn Harper. Julie Smith [00:00:04]: I’m Julie Smith. Glenn Harper [00:00:05]: What’s going on, Julie?...
Maximize the QBI deduction before it’s gone

Maximize the QBI deduction before it’s gone

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big...