Pennywise Tax Strategies Blog - Page 1

Making Your Timeshare Work: Tax-Smart Employee Incentives

October 31st, 2024
Offering a timeshare as an employee incentive can lead to valuable tax benefits if managed properly. This blog details two...

Tax-Free Tech: How to Provide Smartphones and Tablets as Fringe Benefits

October 17th, 2024
Offering smartphones and tablets like iPads as tax-free fringe benefits to your employees can be a smart move for your bus...

Crypto Tax Crackdown: New Reporting Rules You Need to Know

September 4th, 2024
The IRS is tightening its grip on crypto transactions with new tax reporting requirements set to begin in 2025. Digital as...

Maximize Roof Replacement Tax Benefits: Unlock Instant Deductions

August 14th, 2024
Replacing the roof on your rental property can yield significant tax benefits beyond the standard depreciation over 27.5 y...

Tax Tips for Raw Land Investors: What You Can (and Can't) Deduct

June 20th, 2024
Investing in raw land offers unique opportunities but comes with specific tax considerations. Unlike improved property, ta...

Tax Strategy: Using Real Estate Options and Leases with Purchase Options

May 8th, 2024
Real estate options and leases with purchase options offer powerful tools to boost your investment returns. This guide out...

Optimizing Tax Strategies: Understanding S Corporation Elections for Tax Purposes, Reasonable Wage, and Accountable Plans

January 23rd, 2024
Selecting the correct business entity is pivotal in shaping your tax strategy. Among the various options available, the S ...

Save on Your Energy Efficient Home Improvements with Tax Credits

January 19th, 2024
Did you make any energy-efficient upgrades to your home in 2022? Or are you planning renovations for 2023?

Demystifying Small Business 1099 Tax Forms

January 10th, 2024
It's tax season, which means small business owners should be thinking about 1099s!

Maximizing Tax Deductions for Your Office Holiday Party

November 29th, 2023
The holiday season is a perfect time to show your staff appreciation and boost morale with an office party.

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