top of page
Blogs
The Unexpected $75,000 Taxable Income Surprise
The tax treatment of tenant improvement allowances depends heavily on how the lease and ownership of the improvements are structured. In general, when a landlord pays a cash allowance to a tenant for leasehold improvements, the payment may be taxable income to the tenant in the year it is received , while the improvements themselves are depreciated over time. However, the Internal Revenue Code provides a limited safe harbor under IRC §110, which allows tenants to exclude cert
Mar 92 min read
How We Do Bookkeeping Differently
Many new business owners approach bookkeeping as a commodity. They assume that all bookkeepers do the same thing, so they choose based on price. Bookkeeping sounds simple on the surface. However, the quality of financial recording directly affects profitability, risk exposure, and long-term company value. Would you choose the cheapest lawyer if you were facing a serious legal issue? No. You would choose a very good lawyer because the outcome matters more than the hourly rat
Feb 192 min read
The Hidden Benefits of Filing a Gift Tax Return for Franchise Owners
Most franchise owners assume gift tax is the recipient’s issue. In reality, Form 709 filing responsibility falls on the giver, and failing to file when business interests or trusts are involved can leave valuations exposed to future IRS challenges.
Jan 263 min read
bottom of page