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15 March 2016 | 6 replies
I'm really bad at receipt organization and data entry part of bookkeeping.
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9 July 2017 | 4 replies
For instance, some accountants only provide tax and bookkeeping services, while others aim at being a "trusted advisor" to your business.
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6 September 2016 | 5 replies
I've had issues conquering the least fun part of running businesses - bookkeeping and accounting.
27 June 2016 | 2 replies
Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.
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25 January 2016 | 11 replies
I found a few bookkeepers who also prepare taxes.
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18 July 2016 | 22 replies
The only time I have to do general ledger double entry bookkeeping is for Security Deposits and Prepaid Rent -- but this is rare and I have the "how to" section marked in the missing manual.
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27 February 2018 | 1 reply
However, the cost such as plumbing, ductwork, electrical, and lumber have to be capitalized and added to the basis of your house unless you meet any of these: 1) The total cost is less than 2500. ( not just plumbing or electrical- total ) De minimis safe harborThe safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.
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7 March 2018 | 12 replies
So in short, I do log all my specific task from book keeping, phone calls, driving for dollars, closings, bank deposits etc. and even get to add tax audit this year.
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12 March 2018 | 7 replies
Could I split into 2 units one commercial and one residential for ease of bookkeeping?