by justin@creatovision.com | Dec 29, 2022 | Uncategorized
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your...
by justin@creatovision.com | Dec 28, 2022 | Uncategorized
Construction companies may not view themselves as “cutting-edge innovators” in the vein of software developers or medical researchers. But contractors can qualify for the research tax credit and potentially reap a substantial reward in lower tax liability....
by justin@creatovision.com | Dec 20, 2022 | Uncategorized
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If you’re not already...
by justin@creatovision.com | Dec 15, 2022 | Uncategorized
Construction company owners are great at completing projects, but many struggle to properly build a succession plan. Even if your retirement is decades away, it’s never too early to start. In fact, by initiating the process early, you can take stronger actions to...
by justin@creatovision.com | Dec 14, 2022 | Uncategorized
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash sale” rule. The loss could be disallowed Under this rule, if you sell stock or securities for a loss and buy...
