Posts Tagged‘taxes’

Use tax Break for Philanthropy


Who does not love paying lower taxes? While cheating on paying taxes is a federal crime, there are ways one can legally lower the amount of taxes paid to the government. 170 Exchange transactions, commonly known as Bargain Sales, are usually used to receive immediate tax savings from the disposition of under-utilized commercial assets. The Welfont Group, a boutique commercial brokerage firm that focuses on acquiring depressed commercial real estate properties, is a seasoned professional when it comes to smoothly executing the 170 Exchange, as approved by the Internal Revenue Code (IRC). How the Welfont Group Finances the Mercy Foundation’s…

Why Your Business Should Always Be Tax Aware      


There are some things in life that just have to be paid, rent, loan payments, energy suppliers and most importantly, your taxes. Everyone who owns a business must file an annual tax return detailing the incomings and outgoings of your business in order to determine how much tax you will pay. As someone who understands effective business management like George Bardwil would tell you, having a business with watertight bookkeeping is absolutely vital to staying in line with the I.R.S. an enemy that no business wishes to have. Here is why your business should have its finances in perfect order.…