Business Growth

Understand Capital Gains

Capital Gains – Where Do You Stand? Capital gains” are profits you make from selling property held for business or investment. Gains from property held up to a year are classified as “short-term” gains. Gains from property held for more than a year are classified as “long-term” gains. To...

Business Growth

Charitable Gifts of Property

Charitable Deductions Break-Down Many donors claim rich deductions for charitable gifts without ever spending a dime of cash. Don’t overlook gifts of property and appreciated assets for valuable deductions: Gifts of clothing, furniture, electronics, and household items in good condition are deductible at fair-market value (“FMV”), such as the...