Tax Consequences Of Using Debt Financing To Acquire Real Estate In A Self-Directed IRA The act of borrowing money itself in a self-directed IRA is not a taxable event. However, using borrowed funds (debt financing) to acquire or improve rental…
The Key Differences Between an Entrepreneur and a Business Owner In the world of business, the terms “entrepreneur” and “business owner” are often tossed around interchangeably, but they represent distinct roles with different philosophies, strategies, and outcomes. While both involve…
The Implications of Classifying Workers as Employees vs. Independent Contractors In today’s gig economy and flexible work environment, businesses often face the critical decision of classifying workers as either employees or independent contractors. This classification has profound implications, particularly in…
IRS Furloughs Nearly Half Its Workers, Closes Most Operations. How Taxpayers Are Impacted and Can Navigate the Storm As the U.S. government shutdown stretches into another week, the Internal Revenue Service (IRS) has joined the fray with widespread furloughs affecting…
Harnessing the Constraints-Led Approach (CLA) in Business: A Game-Changer for Leadership, Growth, and Employee Performance As a business owner, you’re no stranger to navigating limitations—whether it’s a tight budget, a competitive market, or a lean team. But what if those…
Imposter Syndrome in Entrepreneurship: Breaking the Cycle of Self-Doubt Imposter syndrome is the persistent feeling of being a fraud despite evident success, competence, or accomplishments. Those experiencing it often believe they’ve fooled others into thinking they’re more capable than they truly…
QuickBooks Desktop Is Being Phased Out: What Business Owners Need to Know The End of an Era Intuit has officially announced that support for QuickBooks Desktop 2022 will end on May 31, 2025 This includes all versions such as Pro, Premier,…
New Federal Tax Law: R&D Deduction Changes The “One Big Beautiful Bill” (OBBBA) introduces significant changes to the tax treatment of research and development (R&D) expenses, offering opportunities for businesses, particularly small to mid-sized ones. Key Changes Permanent Expensing: Starting…
Richard Levychin, CPA CGMA Featured on Podcast “Startups With Stu” Discussing Exiting Your Company Richard Levychin CPA, CGMA was recently featured on the podcast “Startups With Stu” discussing preparing your company for exit, including a discussion of the Qualified Small…
Potential Opportunities And Benefits To Taxpayers From Recent IRS Cutbacks Introduction Recent budget and staffing reductions at the Internal Revenue Service (IRS), particularly under the Trump administration’s Department of Government Efficiency (DOGE) initiatives in 2025, have reshaped the agency’s operations.…