Posts Tagged“tax”

Get Your Fleet Fuel Tax Benefits For 2021

To any companies out there that run a fleet, you need to ensure you’re doing all you can to get the right amount of Fuel Tax Credits. This is a fantastic program which the government runs that allows companies using vehicles to claim back the duty which they are charged when buying fuel. Whilst most companies know all about this program, many are not doing enough to accurately claim back the level of tax which they are in fact entitled to. The solution to increasing accuracy here is through the use of GPS fleet tracking.  We know that these fleet…

Welfont Group – Making Tax Strategies Work

Successful real estate investors build large tax liabilities. Sometimes those liabilities are big enough to make an investor think again about selling an appreciated property and face huge capital gains. While savvy investors can leverage tax-free exchanges they typically just delay the inevitable – holding onto properties longer than they should or selling at a loss. Welfont Group helps clients combine the 1031 Exchange with the IRS Section 170 Bargain Sale to create a more financially viable outcome. If done correctly, the IRS Section 170 Bargain Sale allows clients to divest of a property held in a 1031 Exchange, essentially cashing…

Information You Need for Filing a Tax Return

Nobody enjoys the process of filling out your tax return but like many things in life, you simply have no choice, not if you want to stay in line with the law that is. When the time comes around for filing your taxes you need to be fully prepared with all the information that you will need about the income and expenditure of your business as well as your personal information. Making mistakes on your tax return is something that you should avoid, those who understand business like George Bardwil also understand the importance of an accurate tax return that…