Natalie Wade
DBA Question
13 March 2009 | 2 replies
However, it might be easier from a bookkeeping perspective to have a separate account.
Tim Silvers
KKOS/ MARK KOHLER or ANDERSON ADVISORS?
1 July 2021 | 14 replies
Skype) or phone consulting - year end tax minimization strategies for existing entities - SBA disaster loans (EIDL, PPP) advice specific to my needs- existing multiple entity review, consulting, cleanup & re-evaluation- document review - corporate tax return assistance & filing What I don't need:Entity formation (I use my own sources)Bookkeeping, misc. servicesWhat I've gleaned from initial free consultations:KKOS/MARK KOHLER:PROS:- past reviews seems to be altogether positive- I would likely be working with one of their partners, not Kohler himself (he charges $600.hr)- initial consultation fee applied to work- hourly rate off $350 - no membership programs but they do have specials like the entity cleanupCONS:- separate tax/accounting firm from the legal side- have no idea how many hours I might rack up- no experience with KKOS to date.ANDERSON ADVISORS:- Anderson's Tax Advantage Program: $2995 (in addition to the Platinum membership ($2995)- tax advisor assesses current business & tax situation - advance tax planning & prep- audit protection- living trust ($2,500)- Platinum Membership Enrollment Fee Waived + $35 a month- Business Continuity Program- Advanced Strategy Analyzer- Structure Implementation Workshop- Unlimited Attorney Consultations- Unlimited Questions with Tax Team (Tax Attorney, CPA, etc.)- Online Retirement Coach- Risk-Free Wealth AnalysisI had been a tax client of Anderson in prior years, but never signed up for any of their client programs.PROS:- I particularly like the fact they combine their legal and tax teams to figure out the right strategy customized to your situation and goals all under one roof - but that comes at a premium.- no hourly billing- attorneys licensed in NV where I operate- Platinum membership provides unlimited consultations, emails from their legal team as opposed to billable hours- in-house access with a Sr.
Dave M.
Managing multiple LLC's
23 September 2016 | 11 replies
So that argues in favor of one LLC per property.If you co-mingle funds between yourself and the LLC or between LLCs, you are ignoring the corporate separateness of the LLC and providing grounds for a creditor to "pierce the corporate veil" - a fancy way of saying that they can ignore the LLC, too, and reach the commingled assets as well.So, if you are going to bother having an LLC, it's critical to observe the property formalities, like separate bank accounts and hiring bookkeepers and accountants to keep your books and tax records in good order.Presumably, you are in this business to build long-term wealth.
Account Closed
Forum Suggestion/Addition
2 March 2009 | 33 replies
The book-keeper was with the original owner, I've worked with her for years.
Ken Root
Looking for a RE investor savvy CPA.
20 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.
Jason Lieberman
Purchase inside an LLC or in personal name?
3 August 2018 | 7 replies
Let's say, it costs you 1.5K to get your structures in place (holding LLC or Series-LLC, with or without land trusts, with or without separate operations LLC) and 0.5K per year (for maintaining the LLC properly, bookkeeping, lawyer and CPA, etc.) for a total of 2K.
Michael Stoltzfus
What tax benefits can I get?
15 October 2017 | 6 replies
Any accountant or bookkeeper anyone would recommend?
Sean Brennan
Accounting and Taxes for my first rental property - Tips?
5 May 2016 | 1 reply
Anyway, I was wondering, do you know of any good resources regarding bookkeeping and taxes?
Vernell D Watson
Request everyone's opinion reference cash flow.
10 November 2018 | 32 replies
a) Office Supplies (e.g. stamps, envelopes) b) Software c) Gas/Mileage d) Advertising + Payroll12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisor
Valentijn Van Wanrooij
Buying with a 20% discount in a heated market
6 June 2018 | 2 replies
When you see a rule like that in a book keep in mind when the book was written, some books are a decade or more old and their numbers that were very relevant and useful at the time have changed.