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Insights from the Fastlane

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Michael DiSabatino of Sharp CFO™ shares expert insights to help you unlock your business's full potential by delivering proven strategies for maximizing tax savings, streamlining operations, and driving sustainable growth.

The information provided on this site is for general informational purposes only and should not be construed as professional financial, tax, or legal advice. For advice tailored to your specific situation, we recommend consulting with a qualified professional.

September - Fun Facts...

Businesses that want to adopt a SIMPLE retirement plan for 2014 generally have until October 1 to do so.

Don't incorporate your business without first checking the long-range tax and nontax considerations. Call us for details.

If you hold a capital asset for more than one year, your gain or loss is long-term. If held for one year or less, it is short-term.

Almost everything you own and use for personal or investment purposes is a capital asset and taxable if sold at a gain.

You can't deduct job hunting expenses if you are looking for your first job or for a job in a different line of work.

If you moved this summer, be sure to update your address with the IRS. Use Form 8822 "Change of Address."

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