Each year, millions of taxpayers elect to apply for an automatic extension of their time to file income tax returns...
Finance Tips
Tax Accounting for Rental Property Owners in 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
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
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
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
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?
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
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
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
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
The unprecedented disruption to the economy brought by the coronavirus pandemic has had profound consequences for people who are self-employed....
Tips for 2019 Tax Returns During the Coronavirus Crisis
The coronavirus pandemic has much of life into a kind of stasis. When Treasury Secretary Mnuchin announced an extension of...