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3 things to know as business owners prep for 2018 tax filings

Business owners are preparing to file for taxes under a whole new federal income tax regime. The Tax Cuts and Jobs Act (TCJA) passed last year led to the biggest change to the tax code in decades. A number of these changes directly impact small and medium sized businesses. Three specific changes to keep in mind when gathering data and documents for your returns include:

Legal tools that can help keep a family business in the family

Legal tools can help the longevity of a family business. Two options to consider when aiming to keep a family business in the family include trusts and shareholder or buy-sell agreements.

A trust: Reduce tax obligations and financial burden for future generations

2019 may be a big year for CRE investments

The stock market has proven a volatile beast throughout 2018. The market rose and fell throughout the year, making 300 to 400-point swings in a single day commonplace. This volatility led many investors to look elsewhere.

A viable alternative: the commercial real estate (CRE) market.

Three real estate investing trends to watch in 2019

The real estate market is always evolving. The beginning of the year is a good time to take stock of the current market and look toward the future. Every investor knows there are factors, seen and unforeseen, that can affect the value of current properties and the cost of investing in new real estate. What might be some of the issues for investors 2019?

Here are three trends to watch this year.

What do commercial real estate investing and IPAs have in common?

When you hear the acronym IPA you likely think of a nice, cold, hoppy India Pale Ale. But, as noted in a recent publication in Kiplinger, this acronym can also serve as a useful tool to guide those who are interested in investing within the commercial real estate market.

Here is how the IPA acronym can guide commercial real estate investment decisions:

Business owners continue to struggle with new tax law

The Tax Cuts and Jobs Act (TCJA) led to major tax reform. One specific section of the Act has produced some confusion for small business owners: the qualified business income deduction. This deduction has gone into effect for 2018 tax returns. As such, it is important to have a basic understanding of how the deduction could impact your taxes related to your business income.

What is the qualified business income deduction? The qualified business income deduction was included within the TCJA to provide a tax break for flow through business owners, many of whom own small businesses.

Starting a business in 2019? The importance of incorporation.

Understanding elements of business law is essential for new business owners. The United States Small Business Administration (SBA) reports there are 30.2 million small businesses in the United States. This translates to 99.9 percent of all businesses in the country. Small businesses provided new jobs for over 1.9 million workers in 2018 alone. Roughly 400,000 businesses are started every month, of which about 10% hire employees.

The most recent data from the SBA are encouraging and will likely translate to even more entrepreneurs opening doors on their own businesses in 2019. Proactive steps can help those who find themselves in this group better prepare themselves for success. One of the most important steps: incorporation or formation of a legal entity.

Could an acquisition help your business grow in 2019?

2018 was a great year for businesses in Texas. The 12th annual CNBC America's Top States for Business ranked the state as top in the nation, an honor the state has earned three times in the past.

Businesses in the state will continue to benefit from business-friendly regulations and relatively low business taxes to grow in 2019. For some businesses, an acquisition is the best way to expand. Two acquisition options that could help your business include:

Can you make your millions with non-traditional investments?

One way to be successful in America or the rest of the world is through land ownership. This is something on which that Texas entrepreneur Nate Paul has fully capitalized. At 31 years old, Paul is the founder of Austin's World Class Capital Group, a real estate development firm with $1.2 billion in assets. Paul's net worth is estimated at $800 million, and growing.

For those interested in real estate development, Paul's story offers some great insight into how thinking creatively about land use can pay off.

Entrepreneurs: Two ways to reduce your business tax burden

A strong tax planning strategy can save your business money. Amazon received press earlier this year after its tax bill became public. The retail giant paid only $1.4 billion in income taxes between 2008 and 2017. This is significantly lower than another giant in the retail market, Walmart. Walmart reportedly paid over $64 billion in income taxes during the same time period.

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