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Claiming losses on depreciated or worthless stock

Claiming losses on depreciated or worthless stock

by angieduran | Mar 16, 2023 | Uncategorized

Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss deduction on your tax return. Here are the rules that apply when a stock you own is sold at a loss or...
11 ways your construction company can avoid accounting mistakes

11 ways your construction company can avoid accounting mistakes

by angieduran | Mar 10, 2023 | Uncategorized

One of the not-so-secret ways to run a profitable construction business is to follow sound accounting practices. Mistakes in financial reporting can be costly, potentially leading to budget overruns, cash shortfalls, delayed projects, unpaid bills and underfunded...
How construction companies can cope with the skilled labor shortage

How construction companies can cope with the skilled labor shortage

by angieduran | Mar 6, 2023 | Uncategorized

Even before the pandemic and “the Great Resignation” that followed, construction businesses were facing a shortage of skilled workers. Recent events have only exacerbated the problem. And the skilled labor shortage doesn’t just make it harder to put boots on the...
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Recent Posts

  • The “wash sale” rule: Don’t let losses circle the drain
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  • Understanding the “step-up in basis” when inheriting assets
  • What tax documents can you safely shred? And which ones should you keep?
  • Turning stock downturns into tax advantages

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