Work From Home Policy for Atlanta Businesses
There’s no better way to celebrate work than by taking a day off. The irony of the Labor Day holiday gets me every year, but I do hope that it provided a little extra rest on the front end of a busy fall season. I mentioned in one of my recent notes another piece of […]
Why The Wealthy Create Private Family Foundations & Public Charities
Private Foundations and Public Charities differ of public involvement. Public Charities usually receive most of their donations from the general public or government and taxpayers can usually deduct 20% to 60% of their adjusted gross income for charitable donations. Private Foundations can provide anIMMEDIATE tax deduction of up to 30 percent of adjusted gross income for cash […]
Can You Benefit From An Upreit?
Umbrella Partnership Real Estate Investment Trusts (UPREIT) allows property owners to exchange their property for share ownership in an UPREIT, usuallyare subject to Internal Revenue Code (IRC) Section 721 exchanges and are deemed a REIT under standard accounting and tax practices.If you opt in to an UPREIT property, you will be able to defer taxes […]
Secrets of the Top Landowners in the United States
There is an old saying: Invest in land because they aren’t making more of it. The Super Wealthy have taken that strategy to heart with staggering land ownershipstatistics such as: John Malone 2.2 million acres The Emmerson Family 2.078 million acres Ted Turner 2 million acres Huge land holdings are generally a combination of farmland, […]
What You Should Know Before Hiring Your Spouse
Hiring your spouse can mean big tax savings but not if you don’t do it correctly. Here’s what you need to know. Compensate Your Spouse Primarily in Tax-Free Employee Benefits, Not Taxable Wages.Cash wages are fully taxable so concentrate your spouse’s compensation entirely or mostly with tax-free benefits (such as health insurance), which are a […]
What The Super Rich Invested in During the Tough Economic Conditions of 2022
Real estate, currency trades, and market timingare the common denominators of how ultra-high net worth individuals grew their net worth last year. More than 500 private bankers, industry experts in real estate, wealth advisors, and family offices who were surveyed showed that during the turbulent past year, grew their wealth last year in the following […]
Increase Your Profits By Changing How You Collect Rent
The way by which your tenants pay your rent bills can make a difference in how much profit you make month to month. Instead of focusing on simply ensuring all outstanding rent is paid, consider your monthly processing costs for rent: postage costs, paper, the cost of employees to process rents, bank fees, and the […]
Can I Deduct My Cleaning Man Or Woman?
Are you getting the most out of your home-office deduction? If you’ve got a cleaning woman (or man) who keeps your house and office spic and span,do you need to pay a “Nanny Tax” on this service or can you classify this expense as a Independent Contractor? The cleaning person is an independent contractor or […]
Facing the AI in Business Trend in Your Atlanta Business
Since the release of ChatGPT in November of last year, headlines about AI in business have been incessant. One of the biggest controversies is whether or not AI is a threat to the job market. Lots of differing opinions on this one, and time will soon reveal its lasting effects. I’ve personally observed a whole gamut […]
Compensation Is Just the Start, Atlanta Business Owners
We’re just over a month away from the MLB playoffs, and this year (like every year) has had its share of sketchy calls that fans and players have been unhappy about. While not everyone’s favorite summer pastime (the sports season that never ends still has more than two months of games to go), this summer […]