accounting and finance Real Estate small business accounting tax planning 
CPA Practice
NOVEMBER 29, 2023
Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications. We congratulate and welcome them to the Whitley Penn Partnership.”
LyfeAccounting
MAY 18, 2021
Well, this post will highlight some of the things that you should NOT do as a new business owner or business owner, in general. 7 Tax Mistakes Business Owners Make. Tax Mistake #1: Not having a separate bank account. O r else, their business is at risk of being shut down. Tax Mistake #5: Filing late.
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LyfeAccounting
APRIL 30, 2021
This would give you a business percentage use of your home. You can then write off that business percentage of your: rent. real estate taxes. Solo 401k is similar but you can’t have any employees in your business to establish this retirement account. mortgage interest. maintenance.
LyfeAccounting
JUNE 7, 2021
Tip #5: Max Out Your Retirement Accounts. Whether you are self-employed or not, putting your money into a retirement account like a Roth IRA or 401Ks shields your money against taxes. So usually, when you acquire a hard asset like a piece of real estate, car, or business equipment, those things depreciate year after year.
LyfeAccounting
JULY 28, 2021
And we mean why not involve your kids in your business, show them the ropes, and teach entrepreneurship? All while saving thousands of dollars on taxes. We actually recommend this a lot to our clients as a strategy when they work with our tax planning services. But there are rules and a proper way to do it.
LyfeAccounting
APRIL 23, 2021
Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. So we’re not going to use a bunch of tax jargon you will read on other blogs. And this can be a tax savings of 30-40%!
LyfeAccounting
MARCH 10, 2021
So many people think because they file an extension they are exempt from tax penalties, but no. 5% until you pay off your taxes, which can basically be 6% a year. Now we have investments in real estate and accredited funds , and we’re happy to earn 6%, especially with passive investments.
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