LyfeAccounting

DECEMBER 30, 2020

So I decided to take a deeper look into it and share how you could also pay very little in taxes with real estate. Stay tuned as today, we’re taking a look at how you can pay very little in taxes with real estate, legally. So remember Bob’s tax bracket from earlier? TAXABLE INCOME BRACKET.

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LyfeAccounting

MAY 13, 2021

If you’re thinking about selling real estate, one thing that you need to keep in mind is the amount of taxes you’re going to pay on that sale. Uncle Sam’s piece of the pie is called the capital gains tax. Uncle Sam’s piece of the pie is called the capital gains tax. Both of these taxes are taxed differently.

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Going Concern

JANUARY 4, 2024

Moss Adams ranked #14 on the most recent INSIDE Public Accounting Top Howevermany list with $1.1 The requisite self-fellating news release quote: “For over 100 years, we’ve supported organizations as businesses advisors and accountants,” said Eric Miles, chairman and CEO of Moss Adams. Real Estate Practice).

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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.”

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CPA Practice

JULY 31, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors. Deatrick joined the firm in 2009.

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LyfeAccounting

OCTOBER 29, 2020

?. President Trump vs Biden Tax Plan. With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. What an Effective Tax System Looks Like.

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Anders CPA

JANUARY 2, 2024

About Ryan Huff Ryan began his accounting career at Anders in 2008 and has worked his way up to principal as a technical resource for the tax department. Ryan provides valuable tax planning and compliance strategies for individuals, families and small businesses, including partnerships, S-corps and LLCs.

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Going Concern

JANUARY 30, 2023

Bloomberg Tax ] Britain’s accounting watchdog said on Monday it will monitor whether auditors were making spot checks on their compliance with environmental, social and governance (ESG) reporting requirements in company audits. These escrow accounts were at the centre of the Wirecard fraud.

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CPA Practice

JULY 11, 2023

Schneider Downs, one of the 60 largest certified public accounting and business advisory firms in the United States, is proud to announce the addition of seven new shareholders to its ownership group. He also has extensive experience serving the employee benefit plans of his clients. Deatrick joined the firm in 2009.

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ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Breeze through tax season easily with our comprehensive year-end tax season toolkit.

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Cherry Bekaert

APRIL 4, 2023

Cost Segregation Plus Services Conducting a cost segregation analysis can help your organization implement a tax planning strategy that could accelerate substantial depreciation deductions, reduce tax liability and defer tax payments.

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KROST

MAY 11, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “There are several tax incentives available to the real estate industry. There are several tax incentives available to the real estate industry. by So Sum Lee. by So Sum Lee.

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ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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CPA Practice

FEBRUARY 8, 2023

Collectively, the professionals joining Andersen deepen the firm’s expertise serving high net worth individuals, families, and businesses across a range of industries, including real estate, manufacturing, construction, professional services, hospitality, entertainment, technology, retail, financial planning, and agriculture.

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KROST

FEBRUARY 23, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Deferring gain into an Opportunity Zone investment differs from a 1031 exchange deferral, which is familiar to most real estate investors.

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Anders CPA

OCTOBER 1, 2022

His wide-ranging industry experience includes manufacturing and distribution, real estate and construction, along with health care organizations and professional services firms. in Business Administration, Marketing and Accounting. Lesley is a Certified Public Accountant and holds a Masters degree in Accounting from St.

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LyfeAccounting

MAY 8, 2021

Now, this post is focused purely on real estate. So we assume that you are either : A current real estate investor, or. You are considering becoming a real estate investor. By owning your own single-family property, or maybe getting to a real estate syndication and investing with a group of people.

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KROST

JULY 15, 2021

The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. Tax , Technology Industry. David Troost is a Tax Senior Manager at KROST. Full Bio.

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LyfeAccounting

AUGUST 10, 2021

Not to invest in stock markets, real estate, or your business. . But no, literally, just to pay taxes to the government. By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. Or how about real estate?

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KROST

JANUARY 13, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “A Deeper Dive into the Unintended Consequences of the Proposed Section 1031 Regulations” by Jonathan Louie. That it must be typically transferred with the real property in standard commercial transactions.

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ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. taxpayers who own foreign real estate may have additional reporting requirements. Failure to do so can result in severe penalties. Foreign property reporting.

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LyfeAccounting

MAY 18, 2021

7 Tax Mistakes Business Owners Make. Tax Mistake #1: Not having a separate bank account. The first tax mistake that we see new business owners make is not having a separate bank account for just their business. You can open a business account at any major banking institution. Tax Mistake #5: Filing late.

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LyfeAccounting

APRIL 30, 2021

real estate taxes. Solo 401k is similar but you can’t have any employees in your business to establish this retirement account. We have some excellent posts here on our blog that take a deeper dive into retirement accounts for business owners so be sure to check those out as well. mortgage interest.

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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.

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LyfeAccounting

JULY 28, 2021

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. It is highly unlikely that a 6-year-old can find real estate deals for your investment company or braid hair in your hair salon.

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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%!

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LyfeAccounting

FEBRUARY 24, 2021

…regularly and exclusively for business, you can write off any associated rent, utilities, real estate taxes, repairs, and maintenance amongst other things. If you need help with your tax preparation , tax planning , or want to talk to a tax professional , we’re just a call away!

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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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