Investor Mindset
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 2 months ago,
If you're going to do one thing as a business owner:
I recommend that you learn the tax code and take ownership over your strategy.
Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.
In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.
They are likely missing out on 10s or hundreds of thousands in saved dollars every year.
Stop making excuses and get to work.
Just a few months of part-time learning about taxes will pay you for the rest of your career.