
15 November 2021 | 20 replies
He outlined that book keeping was $45/hr and corporate tax would be $500, and any additional costs to file to USA would be determined later.

26 June 2020 | 0 replies
My bookkeeper tracks my spending in QB online but I thought it would be useful to have another tool to have up to the day spending and updated timelines for flips.

27 June 2020 | 5 replies
@Ashish AcharyaThank you AshishYeah the room is exclusively used for drafting leases and other rental book keeping activities.CPA mentioned Home office does not apply to rental real estate unless that is your main income.How do I convince him?

28 June 2020 | 4 replies
He gave me insight on tax implications of owning property in my name vs an LLC, managing the properties vs having a manager, book keeping practices, etc.

30 June 2020 | 7 replies
If you are doing your own bookkeeping, then it would be good to use a compatible system so your accountant/cpa doesn’t have to futz around.

29 June 2020 | 4 replies
Made me much better at bookkeeping (try going into a tax return unprepared after completing 30-50 transactions a year.....NO BUENO)7.

2 July 2020 | 3 replies
You may want to create Standard Operating Procedures so you can outsource less important functions like bookkeeping.
20 July 2020 | 15 replies
Or hire a bookkeeper or your cpa to help you set it up.

22 July 2020 | 2 replies
(Four rentals in the medium term PLUS house hacking our way into free housing, freeing up additional money to invest each month) I have home office work sessions where I contemporaneously log all my real estate activities, do the bookkeeping and keep all the filing organized (physically/virtually), communicate with relevant parties like lenders, subcontractors, agents, etc.

2 July 2020 | 7 replies
@Christina WilliamsHaving a business entity with a third party accountant/bookkeeper with you having access to the reports/books would give you a lot more ease of mind.