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6 December 2024 | 10 replies
Any insights would be appreciated.https://www.adamssheriff.org/sites/default/files/2018-03/evi...
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7 December 2024 | 6 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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6 December 2024 | 4 replies
I have file a suit for back rent.
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17 December 2024 | 16 replies
This should be on file, but not in lease.Tenant interviews should be a part of all due diligence when buying with tenants in place.
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9 December 2024 | 23 replies
I understand this is my responsibility and I filed an insurance claim and the garage is currently being rebuilt as the entire thing was destroyed.
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11 December 2024 | 5 replies
I did not read the rules around security deposits. you may be allowed to use those funds and still file a small claims action for any remainder, but I can't imagine that it would be worth it if you have at least one month's rent in security deposit.
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7 December 2024 | 7 replies
I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.
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7 December 2024 | 1 reply
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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6 December 2024 | 12 replies
But this year, his team is saying I need to file 1099s.
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5 December 2024 | 2 replies
Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report.