Ease the financial pain of natural disasters with tax relief Image
Ease the financial pain of natural disasters with tax relief

It’s been an especially difficult year for victims of natural disasters, including those affected by Hurricane ...

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10/9/2024
Advantages of keeping your business separate from its real estate Image
Advantages of keeping your business separate from its real estate

It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t ...

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10/8/2024
Help ensure your partnership or LLC complies with tax law Image
Help ensure your partnership or LLC complies with tax law

Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addres...

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9/17/2024
It’s time for your small business to think about year-end tax planning Image
It’s time for your small business to think about year-end tax planning

We’ll be saying goodbye to 2024 in no time. Here are some year-end moves to consider that may help your small b...

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9/10/2024
Understanding taxes on real estate gains Image
Understanding taxes on real estate gains

If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business ...

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8/15/2024
Be aware of the tax consequences of selling business property Image
Be aware of the tax consequences of selling business property

What are the tax consequences of selling business assets? They can be complex.

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7/23/2024
Tax tips when buying the assets of a business Image
Tax tips when buying the assets of a business

When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or w...

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5/22/2024
Coordinating Sec. 179 tax deductions with bonus depreciation Image
Coordinating Sec. 179 tax deductions with bonus depreciation

There’s more than one way for businesses to claim depreciation tax deductions. By combining them, you can get o...

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3/26/2024
Defer a current tax bill with a like-kind exchange Image
Defer a current tax bill with a like-kind exchange

The real estate market has been tough recently. But there are still large profits being made on some business propert...

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1/4/2024
A cost segregation study may cut taxes and boost cash flow Image
A cost segregation study may cut taxes and boost cash flow

Ever heard of a cost segregation study? It’s a strategy that can yield tax benefits, but it’s not the rig...

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11/14/2023
Update on depreciating business assets Image
Update on depreciating business assets

Inflation has some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim...

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9/7/2023
A tax-smart way to develop and sell appreciated land Image
A tax-smart way to develop and sell appreciated land

There may be a way to reduce a large tax bill if you own appreciated land that you want to subdivide and develop for ...

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7/25/2023
Advantages and disadvantages of claiming big first-year real estate depreciation deductions Image
Advantages and disadvantages of claiming big first-year real estate depreciation deductions

If your business has a choice to deduct real estate expenses or depreciate them over several years, the decision may ...

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6/13/2023
Take advantage of the rehabilitation tax credit when altering or adding to business space Image
Take advantage of the rehabilitation tax credit when altering or adding to business space

The federal tax code encourages businesses to invest in historic buildings with a tax credit. Here are the rules.

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4/18/2023
Choosing a business entity? Here are the pros and cons of a C corporation Image
Choosing a business entity? Here are the pros and cons of a C corporation

If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or...

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12/8/2022
Inflation Reduction Act expands deductions for energy-efficient construction Image
Inflation Reduction Act expands deductions for energy-efficient construction

Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient constru...

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10/27/2022
FASB proposes last-minute changes to lease accounting rules Image
FASB proposes last-minute changes to lease accounting rules

New lease accounting rules go into effect this year for private companies and nonprofits. Related-party leases contin...

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10/13/2022
Separating your business from its real estate Image
Separating your business from its real estate

Separating the ownership of a business’s real estate from the business isn’t always advisable. But it mig...

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9/13/2022
Year-end tax planning ideas for your small business Image
Year-end tax planning ideas for your small business

Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small b...

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9/6/2022
Why an LLC might be the best choice of entity for your business Image
Why an LLC might be the best choice of entity for your business

A limited liability company can give you corporate-like protection from creditors while providing the benefits of tax...

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8/16/2022
Businesses: Act now to make the most out of bonus depreciation Image
Businesses: Act now to make the most out of bonus depreciation

If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax...

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7/28/2022
Disasters and Your Taxes: What You Need to Know Image
Disasters and Your Taxes: What You Need to Know

Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available...

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9/20/2021
Guiding Your Wealth to Where You Want It to Go Image
Guiding Your Wealth to Where You Want It to Go

You may know where you want your money to go when you die, but let's take a look at how to plan and strategize your w...

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6/2/2021
Claiming the Business Energy Credit for Using Alternative Energy Image
Claiming the Business Energy Credit for Using Alternative Energy

There’s a great deal of interest in alternative energy technologies today. If your business invests in certain ...

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4/29/2021
Does the Wayfair Decision Affect You?

The criteria and precedent used to determine sales tax liability has changed. Will this change affect your business' ...

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2/7/2019
SALES AND USE TAX ECONOMIC NEXUS: ANALYSIS OF STATE THRESHOLDS

A brief summary of each state's economic nexus thresholds

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1/23/2019
How a REIT Can Benefit From a Cost Segregation Study

Many REITs are eligible to implement a tax strategy known as cost segregation. Unfortunately, misinformation has left...

Prepare For New Lease Accounting

New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...

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9/25/2018
THE TAX CUTS AND JOBS ACT: 30 Ways The Act May Affect You And Your Business

A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
THE TAX CUTS AND JOBS ACT: Changes to Business Taxation

Part 3 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
THE TAX CUTS AND JOBS ACT: Changes to Itemized Deductions

Part 2 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
Nicole Kint Earns HCCP Designation

WEC is pleased to announce Nicole Kint, Supervisor has earned the designation of Housing Credit Certified Professiona...

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7/24/2015
Angela Kerns Earns Housing Credit Certified Professional Education Designation

WEC is pleased to announce Angela Kerns, Shareholder, has earned the designation of Housing Credit Certified Professi...

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2/12/2015
3 Ways a Cost Segregation Study Can Help You

A cost segregation study can help you maximize tax savings and increase cash fl ows on
your future, current...