 Batley CPA Tax & Business Alert October 2019By: Batley CPA 
Let your tax accounting firm help you make smart financial decisions Step carefully with loans betwixt a business and its owner It's common for owners of closely held businesses to transfer money into and out of the company. But it's critical to make such transfers properly or risk unwanted IRS attention. This article explains how and why a transfer should be defined as a loan — not as compensation or a distribution. Click here to view the full article. Cost segregation studies can benefit business owners Any business owner who's acquired, constructed or substantially improved a building this year — or even in previous years — should read up on the tax benefits of a cost segregation study. This article explains how undertaking one may lead to accelerated depreciation deductions, which reduce current taxes and boost cash flow. Click here to view the full article. Is "bunching" medical expenses still feasible in 2019? Among the most important impacts of the Tax Cuts and Jobs Act is its increase of the standard deduction. This article explains how the increase has affected the strategy of "bunching" deductible medical expenses into one year to save tax dollars. Click here to view the full article. Mortgage matters: To pay down or not to pay down If you're a homeowner and have some extra cash after paying the monthly bills, should you use it to pay down your mortgage or invest those dollars in the stock market? This brief article expresses some thoughts on this age-old question. Click here to view the full article. View the tax calendar here. About Batley CPA, your local tax accounting firm Batley CPA, LLC (http://batleycpa.com/) Contact Batley CPA if you are looking for a tax accounting firm. View original article on tax accounting firm here. (https://batleycpa.com/ End
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