Shifting Capital Gains to Your Children

Shifting Capital Gains to Your Children

If you’re an investor looking to save tax dollars, your kids might be able to help you out. Giving appreciated stock or other investments to your children can minimize the impact of capital gains taxes. For this strategy to work best, however, your child must...
6 Tax Benefits of Homeownership

6 Tax Benefits of Homeownership

1. Mortgage Interest Deduction Mortgage interest paid during the year is an income tax deduction. For many people this could be a huge deduction. 2. Points Paid The first year you buy your home you are able to claim the points (sometimes called origination fees) as...
Tax Consequences of Leasing Property to Your Business

Tax Consequences of Leasing Property to Your Business

If you own property and a business, there’s an obvious temptation to lease that property to the business. Such an arrangement can make sense from many perspectives. You’re no doubt familiar with the property and its advantages to your company; the deal...
Net Operating Loss Rules Can Offer Tax Relief

Net Operating Loss Rules Can Offer Tax Relief

From time to time, a business may find that its operating expenses and other deductions for a particular year exceed its income. This is known as incurring a net operating loss (NOL). In such cases, companies (or their owners) may be able to snatch some tax relief...
Factoring in Flood Risk on Projects

Factoring in Flood Risk on Projects

When coastal storms, snowmelt, or torrential rains cause water levels in rivers, lakes, and streams to rise and flood communities, the damages can be extensive and extremely costly. To protect themselves from potentially large financial losses, construction companies...

Your Name (required)

Your Email (required)

Your Message

Are you human?


T: 800.658.9077
E: info@hawkinsashcpas.com

Locations

Your Name (required)

Your Email (required)

Your Message

Are you human?


T: 800.658.9077
E: info@hawkinsashcpas.com

Locations