|  | | 5 Categories of Interest Expense: What’s Deductible? | The average U.S. household owed $155,622 in 2021, up 6.2% from the previous year. This includes debt from credit cards, mortgages, home equity lines of credit, auto loans, student loans and other household obligations. A heavy debt load can cause you to incur significant interest. Here’s a discussion of the different types of interest expense and rules for deducting eligible expenses under current tax law. |
|  | | Section 1031 Exchanges for Real Estate Are More Attractive than Ever | Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a “like-kind” exchange. With this tax strategy, you don’t tie up your money. You keep it working for you. This article provides the basic details, including how the rules changed under the Tax Cuts and Jobs Act. |
|  | | Take Steps to Help Ensure Your Company Is Delivering on its Promises | One of the fastest ways to turn away customers is to not deliver what your sales staff promises. This article contains a a questionnaire to help assess the effectiveness of your company’s sales process and ability to follow through. Ask all your employees other than your sales staff to complete it. Analyze the results, and you may be well on your way to a stronger bottom line. |
|  | | Taxable and Nontaxable Fringe Benefits Provided to Employees | The questions we’ll answer in this article are: 1. Are employees taxed on their personal use of frequent flyer miles earned by business travel?
2. When are employer-provided cell phones a taxable fringe benefit? |
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