by Heimlantz | Feb 23, 2021 | Professional Firms
Question. If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business? Answer. Yes. Who says that? The IRS. Show me where they say that! In IRS Publication 587, the IRS says this:...
by Heimlantz | Feb 19, 2021 | Construction
This article discusses the price increase of two vital materials, steel and lumber, within the construction industry. Specifically, “Over the past year, softwood lumber spiked 73%, according to the Producer Price Index,” and “Iron and steel scrap has surged 50.8% in...
by Heimlantz | Feb 19, 2021 | Professional Firms
This article discusses how important family businesses are to the economy of the United States. However, “70% of family businesses last just one generation before they either fail or are sold.” Succession planning can be difficult at times, but implementing strategies...
by Heimlantz | Feb 19, 2021 | Professional Firms
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money. Before we go further, please note the PPP money comes to you in what appears to be a loan. We say “appears” because you typically...
by Heimlantz | Feb 18, 2021 | Volume 5 Issue 1
Housing is a big expense for everyone. The choice generally involves either renting or purchasing – and financing that purchase with a home loan. As of November 2020, the nationwide average for a 30-year fixed-rate mortgage was just under 3%, the lowest it has been in...
