Month: March 2024

At Drenen Financial Services, where we pride ourselves on our tax services and financial advisory expertise, we’ve observed the significant surge in real estate values across various regions. This presents a lucrative opportunity for investors holding raw land. However, the prospect of developing and selling this land raises critical tax considerations that could impact your…
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At Drenen Financial Services, where tax services and financial advisory are our specialties, we often encounter clients looking to optimize their tax deductions through their business vehicles. One intriguing scenario involves the use of personal cars for business purposes, which can significantly enhance tax deductions if managed correctly. Consider the case of Attorney Mel Practess,…
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At Drenen Financial Services, with our focus on tax services and financial advisory, we understand that the concept of depreciation is essential for anyone with business or rental assets. Despite its critical role in tax deductions and asset value optimization, the starting point of depreciation often confuses many. It’s important to note that depreciation begins…
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Do you operate your business as a corporation? If yes, are you an employee of the corporation? If yes, would you like to deduct an office in your home? If yes, know this: Your route to the deduction follows a one-way path that requires 1. you to use the office in your home for the…
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For Drenen Financial Services, with our expertise in tax services and financial advisory, it’s crucial to navigate the complexities of offering health benefits to employees, especially in light of the Affordable Care Act (ACA) changes. The ACA has significantly altered the way small businesses can provide health benefits, prohibiting the reimbursement of individually purchased health…
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