NEUHAUS CPAs JULY 2024 NEWSLETTER

Neuhaus CPAs

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7 Midyear Tax Planning Tips for Individuals
Between BBQs, fireworks and baseball games, you should take some time this summer to consider tax planning moves that could lower your tax obligations for 2024. Proactive midyear planning can help avoid a year-end scramble to implement tax saving strategies before December 31. When it comes to tax planning, procrastination can be a costly mistake.
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Is Adaptive Reuse Right for You?
Mark Twain once advised, “Buy land — they’re not making it anymore.” That’s not true about buildings, but owners, developers and investors nonetheless can see impressive profits by buying existing buildings for repurposing instead of starting from scratch. Such “adaptive reuse” is rapidly gaining ground, and this article examines what factors real estate professionals should consider before taking the leap.
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Protect Execs With D&O Insurance
When it rains, it pours. A company experiencing employment conflicts or a public scandal often also gets hit with a lawsuit against leadership. In worst cases, an executive can be held personally liable for alleged wrongdoing. That’s where Directors and Officers (D&O) insurance comes in. This article explains how these policies work and why to regularly reassess coverage.
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Getting Employees Back in the Loop
Extended absences may create special problems when employees finally return to work. This may be a problem if companies furlough workers or when employees have taken leaves of absence. Read this article for tips on how to ease an employee’s transition back to the workplace and help him or her feel part of the team again.
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