You've finally found a buyer for the rental property, land, or business you've been trying to sell but the buyer doesn't have enough cash to pay the full purchase price in a lump sum. So you agree to … [Read more...] about How Do Installment Sales Affect Your Tax Bill?
Affectionately being referred to as the Pass-Through Deduction, the new tax law will allow partnerships, LLCs, S corporations and sole proprietorships (in other words, pass-throughs) to deduct up to … [Read more...] about The Basics of the New Section 199A and How It Affects the Self-Employed
Whatever the location, size, or value of a second home, certain tax advantages are built in. However, your opportunity to benefit from them depends on how you use the property. Personal Use Both … [Read more...] about Are There Advantages to Owning a Second Home?
At The Neal Group, LLC, a Milwaukee accounting firm we know that proactive tax planning is critical to minimizing your tax liabilities. When you work with us we make tax planning part of your overall … [Read more...] about Tips For Staying One Step Ahead of Tax Issues
Good or bad, the biggest tax law change in 30 years is now here. How will YOU be affected? Does it lower or raise your taxes? Will it impact you if you're a business owner? At The Neal Group, LLC we … [Read more...] about How Will The New Tax Reform Affect You?
If profits are up and the projections look good for the next month or two, should you kick back and relax? Maybe not. No matter how positive other signs may be, if you’re not keeping a close eye on … [Read more...] about Why it is Important to Keep and Eye on Your Cash Flow