IRS Audit Red Flags
10 red flags for IRS audits Even though the overall IRS audit rate is currently low historically, it’s expected to increase as a result of provisions in the Inflation Reduction Act...
27 October, 2022
Tax Planning Tag
Charitable Giving Tax Strategies
Authored by Haynie & Company Partner Bernard Abercrombie, CPA As we approach the end of the year, my clients are asking what tax benefits still exist for charitable giving in 2022....
18 October, 2022
Tax Advice for Owning a Second Personal Use Home or Rental Property
Authored by: Gregory M. Ward, CPA, Haynie & Company Tax Manager Tax Advice for Owning a Second Personal Use Home Second home ownership can provide an array of benefits. The home can...
17 October, 2022
Depreciation
First-year bonus depreciation and Sec. 179 expensing: Watch out for the pitfalls Many companies are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders...
12 October, 2022
1031 Exchange
A Section 1031 exchange (also known as a like-kind exchange) allows commercial or investment real estate owners to avoid capital gains tax when selling the property by swapping qualifying properties....
12 October, 2022
Taxes When Selling Your Home
Authored by Haynie & Company Partner Bernard Abercrombie, CPA. As you are aware, the real estate market has been on quite a ride over the last year or so. Market data...
19 September, 2022
Tax Savings & Gifting for Children or Grandchildren
Authored by Haynie & Company Partner Bernard Abercrombie, CPA. There are several gifting or tax opportunities for children or grandchildren, this article highlights a few for teenagers and young adults. Savings for...
19 September, 2022
Preparing Your Business for an Exit
Selling your business is a significant undertaking that requires foresight, thoughtful planning, and an honest look at you and your business. If done correctly, it is an exciting time that...
18 September, 2022