For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An…
KSDT CPA is proud to announce that Jeffrey Taraboulos, Managing Partner, has been recognized as one of the 2025 Power…
Owners’ equity is the difference between the assets and liabilities reported on your company’s balance sheet. It’s generally composed of…
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation…
The Fifth Circuit has reinstated the Corporate Transparency Act (CTA) filing requirements, with most entities required to file by January…
Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period serves as a “cutoff” for…
Running a closely held business is challenging. Owners usually prioritize core business operations — such as managing employees, serving customers…
In today’s competitive business landscape, controlling costs while investing in talent has become a delicate balance. For C-suite executives, Human…
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It…
Let’s say you own real estate that has been held for more than one year and is sold for a…