Interest on Home Equity Loans Often Still Deductible Under the Tax Cuts and Jobs Act

The new tax bill, the Tax Cuts and Jobs Act (“TCJA”) shepherded in by President Trump and members of the Republican Party will bring many changes to the mortgage industry.

The main changes reside with the mortgage interest deduction, home equity loans, home equity lines of credit, and second mortgages.

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A Tax Cut for Christmas

Wondering what the new Tax Bill means for you?

Tune into Blood, Sweat & Tim at the link below for an informative podcast from Mark Blood and Tim Mason on the new Tax Bill. Tim being a small business owner himself, has great questions for Mark on how the Tax Bill will affect business and individuals heading into 2018. This is an interactive podcast with real-life examples that you don't want to miss!

Stay tuned for more blog posts on how the real estate and manufacturing industries will be affected! 

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What's Your Small Business Worth? How to Value Business Interests

It is often difficult to put a price tag on a company that is not publicly traded. For instance, the value of a family-owned business will typically exceed the total value of the hard assets such as equipment and inventory. In addition, assigning a value to intangible assets such as goodwill is a difficult proposition at best.

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Big Benefits of Buy / Sell Agreement - Important Planning Tool for Business Owners

A buy–sell agreement can be critical to a business owner intending to sell the business interest or needing to accommodate other changes within the organization. Typically, it can help ease a transition in leadership to the younger generation.

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