Author name: ChrisHogan

What Triggers a Property Tax Reassessment? Key Events That Can Raise Your Taxes

Real Estate Tax Planning, Financial Planning, Property Tax Strategy /

What Triggers a Property Tax Reassessment? Key Events That Can Raise Your Taxes Property taxes are one of the most significant ongoing costs for homeowners, real estate investors, and small businesses alike. While most people expect gradual increases over time, a property tax reassessment can lead to a sudden spike in what you owe. So, […]

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What Is a Tax Abatement in Real Estate? How It Works and Why It Matters

Property Investment, Real Estate Tax Planning, Tax Incentives /

What Is a Tax Abatement in Real Estate? How It Works and Why It Matters For real estate investors, homeowners, and developers, property taxes can be a major expense. But in some areas, there’s a powerful incentive designed to lighten that load—a tax abatement. So, what is a tax abatement in real estate? A tax

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Are Business Gifts Tax Deductible? Here’s What You Can and Can’t Write Off

Expense Deductions, IRS Compliance, Small Business Tax /

Are Business Gifts Tax Deductible? Here’s What You Can and Can’t Write Off Giving a thoughtful gift to a client, vendor, or employee is a nice way to show appreciation and strengthen relationships—but can you deduct those gifts on your taxes? The short answer: Yes, business gifts are tax deductible—but with strict limits. At Hogan

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How to Avoid Capital Gains Tax When Selling a Business: Smart Strategies for Owners

Business Exit Planning, Small Business Accounting, Tax Strategy /

How to Avoid Capital Gains Tax When Selling a Business: Smart Strategies for Owners Selling a business you’ve spent years building is a major milestone—and often, a highly profitable one. But if you’re not careful, capital gains tax can take a sizable chunk out of your earnings. Fortunately, there are strategies available to help minimize

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Are Business Loan Payments Tax Deductible? What You Can and Can’t Write Off

Business Tax Planning, Financial Strategy, Small Business Accounting /

Are Business Loan Payments Tax Deductible? What You Can and Can’t Write Off If you’re running a small business and have taken out a loan to fund operations, expansion, or equipment, you may be wondering: Are business loan payments tax deductible? The answer is a bit nuanced. While the principal portion of your loan payments

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Tax Benefits of Leasing a Car vs Buying a Car for Your Business

Business Accounting, Business Tax Planning, Vehicle Deductions /

Tax Benefits of Leasing a Car vs Buying a Car for Your Business When it comes to acquiring a vehicle for your business, one of the most important questions is: Should I lease or buy—and which option offers better tax benefits? The answer depends on how you plan to use the vehicle, your cash flow,

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Will I Get a Tax Refund If My Business Loses Money?

Business Taxes, Financial Services, Small Business Accounting, Tax Planning /

Will I Get a Tax Refund If My Business Loses Money? If your business didn’t turn a profit this year, you’re not alone—and you’re definitely not out of options. One of the first questions we get from small business owner CPA clients in this position is:“If my business loses money, can I still get a tax

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What’s the Difference Between Payroll Tax and Income Tax?

Accounting, Business Tax, Financial Services, Payroll, Tax Planning /

What’s the Difference Between Payroll Tax and Income Tax? If you’ve ever looked at your paycheck (or handled payroll as a business owner), you’ve probably seen deductions for both payroll tax and income tax. At first glance, they might seem like the same thing—but they’re actually two very different parts of the tax system. Understanding

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