May 20, 2024

Hello Richard,


Just as individuals often use springtime for personal reflection and goal setting, businesses can also benefit from a financial health checkup. Analyzing cash flow, reviewing budgets, and assessing overall financial performance can provide valuable insights into areas for improvement and opportunities for growth. Also, proactive tax planning in the spring can result in significant savings.  

 

There are many other ways we can help you and your business, and we look forward to collaborating with you to help you reach your goals. Contact us or call 203-933-1679.

 

Thank you.

 

Rich Pavano, CPA

Pros and Cons of a Like-Kind Exchange in Real Estate

A like-kind exchange, also known as a 1031 exchange (referring to Section 1031 of the Internal Revenue Code), is a tax-deferred exchange that allows real estate investors to swap one investment property for another without incurring immediate tax liability on the gain.


It can be a valuable tool for real estate investors seeking to optimize their investment portfolios, defer taxes, and enhance long-term wealth accumulation strategies. 


Read our blog post for the pros and cons of a like-kind exchange in real estate.

Learn More

Stay Current with the SKP Blog

Coordinate Section 179 and Bonus Depreciation


2024 Q2 Tax Deadlines for Businesses


Tax-Effective Ways to Take Cash from Your Corporation


Qualified Small Business Corporation


2024 Standard Mileage Rate


Taxes Related to a Company Car


Operating Your Business as an LLC

Take Me to the Blog
Twitter  Linkedin