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All the Tax Benefits You Need for Your Small Business

Harness Wealth

Tax deductions can save you thousands annually by reducing your taxable income through legitimate business expenses. Understanding these deductions is more critical than ever as tax laws evolve, presenting new opportunities for savings. Understanding this distinction is crucial for maximizing your tax benefits effectively.

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A Guide to Tax-Efficient Real Estate Investment

Harness Wealth

While the appeal of real estate may be evident, complex federal, state, and local tax regulations can present a major challenge to the profitability of your property investments. Table of Contents Understanding real estate taxes What are the most tax-efficient ownership structures? Net Investment Income Tax (NIIT): A 3.8%

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Pros and Cons of Using Tax Preparation Software

Harness Wealth

Tax season is approaching, which means many people will be exploring the use of tax software to prepare and submit their tax returns themselves. While tax software certainly offers benefits, particularly when it comes to cost, the decision to use it isn’t nearly as straightforward as it may seem.

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A Guide to Delaware Tax Forms

Harness Wealth

Filing taxes in Delaware requires a clear understanding of the specific forms and regulations that apply to residents and non-residents alike. Navigating the tax landscape can be complex, but having a comprehensive guide to Delaware tax forms can simplify the process significantly.

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Implement Digital Documentation for Client’s Onboarding

BlueMind

As is the case with all professional service providers, one of the most daunting and demanding tasks for financial advisors is staying on top of the paperwork when initiating a relationship with their new clients. The following is a list of only some of the documentation required when onboarding new clients.

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LLC vs. S Corp vs. LLP: The Best Business Structure for New and Small Tax Firms

Harness Wealth

The structure of your tax firm is one of the most consequential decisions you will make as a business owner. The implications ripple through every aspect of your practice, from how you are protected against potential lawsuits to the way you handle tax season for your own business.

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