Colin Ghira
🚀 Big News from the IRS! 🚀
8 September 2024 | 0 replies
.🔹 **Simplified Applications**: Electronic processes for advanced energy and low-income solar/wind credits, making it easier to access incentives.🔹 **Better Customer Service**: New email support and help desks for quicker, more efficient assistance.These upgrades mean faster processing and improved support for taxpayers.
Colin Ghira
Tax Preparation and Filing with QuickBook
7 September 2024 | 0 replies
This streamlined process can save time and reduce the likelihood of errors.QuickBooks is designed to simplify tax preparation and filing, allowing you to focus on running your business.
Tyler Rey
Entity Structure for Rental Properties - Separate LLCs for Holding and Renting
6 September 2024 | 3 replies
You may consider simplifying by bundling a handful of properties in one holding company.)Â
David V.
Polyurea Garage Floor - expense or improvement
5 September 2024 | 7 replies
Similarly, I am currently depreciating an HVAC system I installed several years ago so wouldn't the remaining undepreciated amount be added to my adjusted (carryover) basis (using either the general or simplified methods) after the exchange is completed? Â
Devin James
"Traction" is a must read for business owners
5 September 2024 | 8 replies
The book introduces the Entrepreneurial Operating System (EOS), a framework designed to help businesses clarify, simplify, and achieve their vision.We use it for vision alignment, goal setting, & accountability.
Beth Anderson
When is a property not worth buying?
5 September 2024 | 13 replies
@Beth Anderson always work backwards to determine a purchase price.ARV minus profit/equity minus Rehab+10-20% minus carrying costs = purchase offerThis is a simplified example, but demonstrates the concept.
Shane Bishop
Best Accounting Software for Rentals
3 September 2024 | 4 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
Christopher S.
Unlocking Chicago's Community Development Grant Program: A Streamlined Financing Path
4 September 2024 | 4 replies
However, the new Community Development Grant (CDG) program simplifies access to critical funds, offering three distinct grant categories:-Small Grants (up to $250,000)-Medium Grants ($300,001 to $5 million)-Large Grants (over $5 million)These grants can support a wide range of projects, including office, retail, cultural, industrial, and mixed-use developments of more than 10+ housing units with ground-floor retail.
Jason Hanson
Getting started with property managing
3 September 2024 | 17 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
NA Reddy
Would I benefit from an LLC if I invest in RE thru Syndications
31 August 2024 | 12 replies
An LLC could simplify bookkeeping and structure your growing investments, but its main advantage would be in organization and liability rather than immediate tax savings.