Tax implications usually aren’t on the minds of people who are getting married. Nevertheless, understanding how marriage can affect your...
Finance Tips
Should You File for an Extension on Your 2020 Tax Return?
Mar 12,2021March 12, 2021
Each year, millions of taxpayers elect to apply for an automatic extension of their time to file income tax returns...
Tax Accounting for Rental Property Owners in 2021
Feb 05,2021February 5, 2021
The pandemic has been especially challenging for owners of rental properties. The unpredictable job market has impacted the income of...
Key Dates and Figures for Your 2021 Tax Calendar
Jan 22,2021January 22, 2021
With 2020 thankfully behind us, it’s time once again to look forward to a new year. The pandemic has brought...
The Pros and Cons of the Home Office Deduction
Dec 15,2020December 15, 2020
With so many people working from home during the pandemic, the home office deduction has become a hot topic in...
Optimizing Charitable Giving for Tax Savings
Nov 10,2020November 16, 2020
Despite the highly publicized concern that the 2017 Tax Cuts and Jobs Act (TCJA) would undermine charitable giving in the...
The Advantages of Cost Segregation Analysis for Real Estate Investors
Oct 28,2020November 16, 2020
Tax efficiency is critically important for optimizing return on investments in real estate. The rules of depreciation are central to...
How Does the Medical Expense Deduction Work?
Sep 11,2020October 5, 2020
For anyone who lacks comprehensive medical insurance, a serious injury or illness can become a serious financial burden. For those...
Putting Kids on the Family Business Payroll
Aug 14,2020October 5, 2020
At Ferguson Timar we serve many clients who own businesses. The entrepreneurs we work with are eager to improve the...
How Businesses Can Leverage Losses to Access Cash
Jul 17,2020October 5, 2020
With so many businesses suffering big losses in 2020, CFOs and company owners need to explore robust tax strategies like...
Now is a Great Time to Explore Estate Planning Strategies
Jun 12,2020June 12, 2020
Amidst the turbulence of 2020 it can be tempting to hold off on making long-term plans. That thinking is wrong....
Two Important 2020 Tax Tips for the Self-Employed
May 15,2020May 15, 2020
The unprecedented disruption to the economy brought by the coronavirus pandemic has had profound consequences for people who are self-employed....