9 Reasons it's Dangerous to Hold Real Estate In a Corporation
Thursday, April 30
Holding investment real estate in a corporation is tempting because of the liability protection. Unfortunately, it can be a terrible tax decision causing you to lose most of the income gained from the investment (and possibly even more). Here are 9 reasons to reconsider holding investment real es...
Understanding the Economic Injury Disaster Loan and the PPP
Wednesday, April 01
Understanding the Economic Injury Disaster Loan and the Paycheck Protection Program With the COVID-19 pandemic declared a national emergency and causing massive economic disruption, two programs have been put in place to help businesses make it through. The Small Business Administration (SBA) c...
IRS Installment Agreements: Which one is right for you?
Tuesday, March 24
If you need time to pay off your tax debt and cannot pay all at once, an installment agreement (IA) may be a good idea. But our of the four types of IA which one is right for you? First, in order to qualify for an IA, you’ll need to be up to date on your tax filings (typically the past 5 years), ...
Help! I Can't Pay My Taxes!
Tuesday, March 24
5 Steps to Take if You Cannot Pay the Taxes You Owe Owing money to the IRS can be stressful and even scary. For a lot of people, the natural reaction is to freeze like a deer in headlights. Maybe if you don’t move, they won’t notice you. The truth is, there are important steps you should take, ...
Do I need a bookkeeper?
Tuesday, March 24
If you’re looking for a new bookkeeper or considering outsourcing what’s currently being done in-house you may be asking yourself, how much is a bookkeeper really worth? It’s a complicated question, because you’ve likely seen some companies charging high fees and others charging very low ones. So...