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23 Tax Deductions for Business Owners

Viking Mergers

These are best suited for self-employed people or business owners with up to a few employees. (A A Simple IRA is better for larger businesses with up to 100 employees.) Starting with the 2022 tax year, you can deduct up to $1,080,000 for depreciation under the Section 179 deduction.

Start-ups 130
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Why your accounting firm needs a succession plan

ThomsonReuters

Now, their overhead goes up, but the firm principal on it makes the same amount of money but with three times as many headaches. “I We’ve seen firm owners fall within a dangerous spot where their only focus is to produce income, which wasn’t the succession plan when it all started. The words ‘soul searching’ come to mind,” says Paul.

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Top accounting challenges in 2024

ThomsonReuters

Keeping up with ever-changing tax regulations and rules. This is up from 23% in 2023. In fact, two-thirds (66%) of respondents said their firms were going to be streamlining their processes over the next two years, and 47% said they were eyeing new technology solutions, up from 41% in 2023. Billing and cash flow issues.

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7 ways to attract and win new tax clients

ThomsonReuters

When you seek to win new tax clients, it’s best to start at the beginning. With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. 1) Communicate clearly to win new tax clients.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

In an ever-evolving market, appraisers face both challenges and opportunities. Additionally, maintaining an up-to-date, user-friendly website and active social media presence can attract potential clients and showcase expertise. Appraisers should stay current with industry trends, market changes, and regulatory updates.

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Back in the Classroom: Time to Teach!

Musings on Markets

At the start of every semester for as long as I can remember, I have invited people to sit in informally on my classes at NYU or take the shorter online versions on my website. If you have a bigger budget, I would try to emulate Professor Andrew Lo , who described his astounding set up for teaching last year.)

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Why Join a Local ISA Chapter?

ISA

Education and Professional Development: Chapters frequently organize workshops, seminars, and guest lectures that are tailored to the specific interests and needs of appraisers. Many Chapter volunteers who started locally went on to become ISA Board Members. Get involved on a local basis and join committees in your Chapter!