In the Know with BSCO: Stay informed with the latest from Brinker Simpson in our e-newsletter. Discover industry insights, company news, upcoming events, and more!
In the Know with BSCO:Stay up-to-date with the latest from Brinker Simpson & Company in our monthly e-newsletter. Discover industry insights, company news, and upcoming events. Explore our blog here, and click herefor our most recent firmwide updates.
IRS Expands Theft and Fraud Loss Deductions
A new IRS memo clarifies how victims of scams and fraud may qualify for theft loss deductions, particularly when a profit motive can be demonstrated. Discover which losses may be deductible and how to document them correctly.
Selling Your Vacation Home? Tax-Smart Strategies to Consider
With vacation property values at historic highs, now might be the time to sell. We break down key tax-saving options, such as converting your home to a primary residence, utilizing a 1031 exchange, or waiting for a step-up in basis.
Freelancers, landlords, and business owners, missing or underpaying estimated taxes can trigger penalties. This article explains how to calculate and time your payments, plus tips to stay compliant and reduce risk.
Valuing a business isn’t solely about numbers, it involves grasping industry-specific risks. Explore how industry outlook informs valuation and how business owners can leverage these insights for more strategic planning.
Inheriting property offers a valuable tax benefit if you know how to utilize it. We explain what a step-up in basis is, when it applies, and how it can help minimize taxes for you or your heirs.
A net operating loss (NOL) can help offset future income and reduce taxes if managed correctly. Discover who qualifies, how the rules have changed, and what steps to take now for long-term benefits.
Annual fraud assessments often overlook behavioral and cultural vulnerabilities. Discover how to identify hidden threats, such as performance pressure and ineffective leadership tone, and what measures can enhance your internal controls.
This e-newsletter is for general informational purposes only and does not constitute legal, tax, accounting, investment, or professional advice. It should not replace professional consultation. Always seek advice from qualified professionals before making any decisions. The tax information provided is not intended to be used to avoid penalties. We do not guarantee the accuracy or completeness of this information and disclaim all warranties, express or implied.
