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October 1, 2023

capital gains

How We Averted the Fiscal Cliff: As a CPA, People Might Expect You To Know This Crap

I don’t care if you’re a Republican or a Democrat; you’re an accountant, and the avert-the-fiscal-cliff legislation that the federal government crapped out at the last minute hooks you up. Sure, you’re going to pay more in taxes, but Congress was actually able to bang out some long-term solutions to the expiring tax cuts which is going to make your life easier1.

Why Would Someone Want to Buy a Sports Franchise?

“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”

~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.