Blog - Philadelphia CPA
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You can utilize these 4 tax strategies with an existing building, one that you are buying, or a building that you are renovating. These tax strategies with put cash in your pocket, or reduce or current tax liability.Accelerate depreciation on certain components of building Identify Repairs Allocate...

Owning a building has many headaches--such as new roofs, HVAC Units, lighting systems, etc., as they all eventually new replacement.Prior law added to these unwanted events, as you were stuck capitalizing and depreciating the new roof-and continued to to depreciate the old one as well.But...

One of the most common business entity types that is formed today is the limited liability company (LLC). I have many clients that are unsure as to why to form this type of entity and where. Compared to a corporation or sole proprietorship, and LLC...

The one participant 401(k) plan is not a new type of 401(k). It's a traditional plan covering a business owner with no employees, ot that person and his or her spouse. These plans have the same rules and requirements as any other 401(k) plan.Contribution Limits...