article thumbnail

Qualifying as a Real Estate Professional May Be Harder Than You Think

Anders CPA

Qualifying as a real estate professional allows you access to a powerfully beneficial tax status but strict requirements around active and material participation determine who is eligible for the designation. Not all real estate or rental property activities count toward the tests. What Counts as Active Participation?

article thumbnail

Case Study: Real Estate Company Enhances Back Office With Outsourced Accounting

Withum

Residential and commercial real estate management company engages outsourced accounting services to fill needs after the retirement of a former outsourced accounting firm. A NYC-based residential and commercial real estate management company transformed its back-office through outsourced accounting services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Find the Best Real Estate Accounting Software for Your Business

Snyder

Real estate investing is a very lucrative field that allows you to take advantage of the rising housing market and increase your net worth. As a real estate investor, you’ll need to track all your expenses , manage your properties, and monitor your cash flow. What is real estate accounting?

article thumbnail

Cannabis Financing: How to Navigate Sky-High Interest Rates and Limited Lenders for Cannabis Businesses

Anders CPA

Cannabis entrepreneurs face major challenges when it comes to business financing. They can open accounts with credit unions or state banks and seek a line of credit from that institution. Available Types of Cannabis Financing In the current financial market, there is (very) little-to-no cannabis capital.

Finance 59
article thumbnail

How the Automotive Industry Can Position Their Accounting and Finance Functions for Lasting Success

Cherry Bekaert

These changes can bring opportunities for companies to better align themselves within the market and their customers, but also can have implications for accounting and finance functions within the industry as well. Every organization and accounting department has different needs and business drivers.

article thumbnail

Top Remote Accountants of the Week | June 13, 2024

Going Concern

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

article thumbnail

Tokenization: Transforming Finance and Elevating the Role of Accounting and Audits

Withum

One of the groundbreaking innovations poised to revolutionize finance is tokenization. Tokenization involves converting real-world assets, such as stocks, bonds, real estate, and even intellectual property, into digital tokens on a blockchain.