Depreciating Rental and Commercial Properties

When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything beyond your original investment in the property.

There’s Still Time to Claim Your Employee Retention Credit!

There’s Still Time to Claim Your Employee Retention Credit!   Did your business retain employees throughout the pandemic of 2020 and 2021? If so, you might be eligible for the Employee Retention Tax Credit. The Employee Retention Tax Credit is a refundable...

Top Tax Strategies for S Corps

We’ve always got your back, so today we’d like to share with you our top ten strategies for S Corps! But BEWARE! These Strategies are high in savings, but not DIY. If you try these on your own, you may do them incorrectly and be stuck with an audit or penalties. Be sure to talk to a professional before implementing them.

Tips for How to Structure Your Business Entity

A business entity is an organization created by an individual or individuals to conduct business, engage in a trade, or partake in similar activities. A business’s entity type dictates both the structure and how that business is taxed. Here at Havig Tax &...