Author Archives: Paul Benet

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Categories Real Estate Tax Author Paul Benet

Navigating Real Estate Tax Benefits: Exploring Bonus Depreciation

Congratulations on completing the journey of purchasing or renovating a property! Now that you’ve reached this milestone, it’s time to turn your attention to an essential aspect of real estate investment: taxes. Fortunately, real estate investors like you have access to a plethora of favorable IRS code sections to ease the tax burden. One particular favorite among savvy investors is the highly beneficial – bonus depreciation. In this blog, we’ll delve into the exciting realm of bonus depreciation and explore how it can be your ultimate ally in optimizing tax advantages and enhancing your overall real estate investment strategy. Let’s dive in and uncover the tax-saving potential that awaits you!

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Categories Accounting, Acquisitions Author Paul Benet

Considerations When Buying and Selling A Business

Are you thinking about buying or selling a business? Congratulations! You have reached an exciting point in your entrepreneurial journey. However, before you take the leap, it’s important to consider the financial implications of your decision. Buying or selling a business is a complex process that requires careful planning and execution. As a buyer or a seller, it’s crucial to understand the importance of due diligence and working with a Certified Public Accountant (CPA) to ensure that the transaction is fair, reasonable, and tax-efficient. In this blog, we will explore some key things to look out for when buying or selling a business. By understanding these factors, you can increase your chances of success and avoid costly mistakes along the way.

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Categories Accounting, General Tax Author Paul Benet

Is TikTok The New Advisor?

As a CPA, I cannot stress enough the importance of obtaining reliable and accurate tax advice. With the rise of social media platforms like TikTok, it’s become easier than ever for people to share information and opinions about various topics, including taxes. However, just because someone has a large following on TikTok does not mean they are qualified to give tax advice.

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