Posts by WKB Accounting LLC
What You Should Know About Online Sales Taxes for 2022
After two years of social distancing and other public health measures that considerably limited brick-and-mortar retail operations, many American shoppers are happily returning to their favorite physical stores. While this is a welcoming development, retail industry analysts do not foresee a strong shift from online shopping to brick-and-mortar; if anything, they believe that the e-commerce…
Read MoreMaking the Most Out of Your Qualified Business Income Deduction
The Tax Cuts and Jobs Act of 2017 has not changed ever since it was enacted as one of the landmark legislative actions of the Trump administration. One of the most interesting aspects of this business-friendly tax legislation can be found in Section 199A, which is better known as the Qualified Business Income tax deduction.…
Read MoreUnderstanding The 1031 Exchange
If you have owned an investment property and have thought about selling it off, then you know you need proper knowledge on 1031 tax-deferred exchange. 1031 tax-deferred exchange allows a property owner to sell their property and buy a like-kind property, as a replacement, while deferring capital gains tax. This article aims to articulate the…
Read MoreThree Types of Life Insurance: Whole, Term and VUL (Variable Universal Life)
Life insurance is widely regarded as one of the most important investments you can make; however, it is one that many still overlook. According to statista.com, in 2021, only around 52% of adults in the US have a life policy, which means that almost half do not have any cover at all. This article will…
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