Tax Considerations for Short-Term Rental Property Owners
Short-term rentals remain a popular avenue for additional income. Due to outdated Treasury regulations, which were put into…
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Major Changes to 179D Deduction and 45L Tax Credit in 2023 to Incentivize Energy Efficient Building Design
The Inflation Reduction Act of 2022 (IRA) has expanded the 179D deduction and 45L tax credit, adding several…
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Illinois Secure Choice Deadline for Small Businesses Has Passed, But There’s Still Time to Register to Avoid Penalties
Illinois businesses should be aware that an important deadline to register for Illinois Secure Choice has already passed,…
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Permanent 179D Tax Deduction Incentivizes Energy Efficient Building Improvements
The Consolidations Appropriations Act of 2021 signed into law on December 27, 2020 permanently extended the 179D tax…
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Looking to Invest in Real Estate? Consider These 5 Strategies to Get Started
There are many reasons people get into real estate investing, including to help diversify investment portfolios, generate cash…
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How COVID-19 Has Impacted Rental Income for Landlords and Strategies to Recover
The U.S. unemployment rate spiked to 14.7% in April; the highest it has been since the Great Depression.…
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Qualified Improvement Property Now Eligible for Bonus Depreciation Under CARES Act
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided a long anticipated technical correction for Qualified…
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Where is My Stimulus Check?
As CARES Act stimulus money is being distributed, the IRS has created a tool for taxpayers to find…
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Making the Decision between Cash or Accrual Accounting for Contractors
Choosing the appropriate accounting method, cash vs. accrual, is one of the first decisions business owners should make.…
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Downtown St. Louis Construction Update: What’s New at Laclede’s Landing?
As the oldest district in St. Louis, Laclede’s Landing is also home to some of the city’s oldest…
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