Basi, Basi & Associates

07/30/2026

Annual reports can look dense, but they’re one of the best ways to understand an organization’s performance and risks. Our guide breaks down the main parts of an annual report and gives practical tips to make them clearer and more credible. Read more: https://wix.to/pF5tFbJ

Annual reports can look dense at first glance, but they are among the clearest windows into how an organization performed, where it is headed, and which risks deserve attention. For investors, board members, employees, donors, or partners, a good annual report turns a year of activity into a useful....

07/28/2026

Is your business able to cover daily expenses without stress? Learn how working capital — the difference between current assets and liabilities — keeps operations running and prevents cash-flow surprises. Read our quick guide to make smarter financial decisions for steady growth: https://wix.to/uUZX4zr

Every business needs money to keep running smoothly. One key financial measure that shows how well a company can cover its daily expenses is working capital. Understanding working capital helps business owners make smarter decisions and avoid cash flow problems that could slow down or stop operation...

07/23/2026

CLOSING DAY! 🥂✨

Congratulations to our clients on the successful closing of $325,000.00!

Thank you for trusting our team to guide you through a seamless transaction. Here’s to new opportunities and continued growth!

📈 Ready to maximize your next investment? Reach out to us today!

07/23/2026

Do you know when an estate or trust must file with the IRS? Our quick guide breaks down Forms 706, 709, and 1041 — and why filing may be critical even when no tax is due. Protect portability, document lifetime gifts, and safeguard beneficiaries with proper reporting. Read more: https://wix.to/YXKuUGo

A tax return may be required even when no tax is owed—a fact that often catches individuals off guard during estate and trust planning. Regardless of evolving federal tax laws, filing remains critical for families with appreciating assets, real estate, closely held businesses, or significant lifet...

07/21/2026

Thinking of selling an investment property? A 1031 exchange can help you defer capital gains taxes while reinvesting in real estate. Learn the rules, timelines, and closing tips to keep more capital working for you. Read the full guide: https://wix.to/0VhvKHe

Selling an investment property can unlock capital for new opportunities, but it may also lead to significant tax liabilities. A 1031 exchange allows real estate investors to sell one qualifying property, buy another, and defer certain taxes that would typically arise from the sale.The process has st...

07/21/2026

We are excited to announce that our team has successfully completed a real estate transaction valued at $9,750,000, using the 1031 exchange strategy. This significant achievement highlights our commitment to delivering exceptional investment opportunities and expertly navigating the complexities of real estate transactions. Our dedicated team worked tirelessly to ensure a smooth process, and we take pride in enhancing our clients' investment portfolios through this successful closing under the 1031 exchange.

07/16/2026

Fixed assets — property, machinery, equipment — often determine a business’s true value. Want a clearer picture when buying, selling, or managing a company? Our latest post breaks down why fixed assets matter and how they impact valuation. Read more: https://wix.to/3n3exNS

When evaluating a business, fixed assets often hold more weight than many realize. These assets, which include property, machinery, and equipment, form the backbone of a company’s operations and directly impact its value. Understanding fixed assets is essential for anyone involved in buying, selli...

07/14/2026

Is your multi-member LLC prepared for a smooth succession? Our new blog explores five common pitfalls in operating agreements that can derail ownership transfers and lead to disputes. Discover what to look for and steps you can take to protect your business and its members. Read more: https://wix.to/cc15QU4

In a multi-member LLC, the operating agreement is crucial for outlining business governance, member responsibilities, and ownership transfer procedures. Despite its importance, many LLCs face challenges during business succession due to overlooked elements in these agreements, leading to operational...

07/09/2026

Don’t leave money on the table — learn how a Section 754 election can reduce partnership tax friction and protect partner basis. Our latest post breaks down when the election makes sense, how it adjusts asset basis after transfers or distributions, and practical steps partnerships should consider. Read more: https://wix.to/qYYlaGM

When a partnership changes ownership or asset values, tax consequences can become complex. One tool that partnerships can use to manage these tax effects is the Section 754 election. This election allows partnerships to adjust the basis of their assets when certain events occur, potentially saving m...