Monthly Archives May 2017

The Decision to Buy or Lease for Business Owners

After paying rent for several years, many business owners are not thrilled about helping their landlord build equity in the building and ultimately they regret not purchasing the property from the outset. The principals at Beckner & Associates, a real estate firm in Lenexa, Kansas believe most businesses should own their own property.  The hard questions are when and how.  This is why it’s critical for small-business owners to consider the advantages of owning their property as well as understand the issues accompanying purchase. Advantages Tax deductions such as mortgage interest, property taxes and depreciation can help a small-business reduce the
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Categories: Newsletter and Updates.

President Trump’s Tax Reform Plan Proposal

The President’s recently released tax reform plan as detailed below is similar to the proposals made on the campaign trail. For business taxpayers: The top tax rate for all businesses including Partnerships and S Corporations (pass-through businesses) would be slashed to 15%. The current top tax rate is 35% for corporations and 39.6% for pass-through businesses. Upon cash distributions from pass-through entities, a second layer of tax might be imposed similar to dividends now taxed to C corporation shareholders. For Individual taxpayers: The current seven individual income tax rates of 10%, 15%, 25%, 28%, 33%, 35% and 39.6% would be
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Categories: Newsletter and Updates.