A great way to save in taxes is through a domestic production activity deduction (QPAI). As a company, you are performing manufacturing activities, this entails that you have direct cost associated with manufacturing, such as labor, materials, and cost of goods sold. With elements like these, how does a company lower production cost? Well many […]
My client saved over 15K in taxes with the help of a SEP plan
I have the pleasure of working with a successful attorney who’s been practicing law for over 10 years. He engaged our firm 3 years ago. Last year, he augmented, because of the great work he’s doing, which caused revenue to go up. Great, but this means tax base increases along with it. So he consulted […]
The Benefits of Net Operating Losses (NOL)
No business wants to lose money and no business owner wants to go through the pain of losing money and not knowing whether the money will come back or not. Let’s say that you hope that you make the money back in the future; let’s say the future is a couple of years out. Well, the […]
So my client saved 160k worth of taxes…
How was this possible? The answer is due to section 179. My client is in the space of manufacturing and distribution in the southeast region of the US. The business has been increasing its revenues at a fast pace over the last couple of years due to the excellent service and quality of product, due […]
My Trip to Dubai
During the past year I have had the privilege to serve a client with business ties in the UAE, specifically in Dubai, where I have gotten perspective of how companies of the region run. My client’s business is a US based company that sells media and tv rights, which then gets syndicated in the Middle […]