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15 January 2025 | 34 replies
deposited in a demand deposit account?
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23 January 2025 | 16 replies
This account stayed at the same number for years but I didn’t really think about it.
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21 January 2025 | 4 replies
I know some people feel like they need to invest in a course to hold themselves accountable or feel like they are doing something.
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23 January 2025 | 16 replies
That could be just federally, however...Against $35K income:1) I take $23,500 W2 which 100% goes into Solo 401K --> No income tax You have to account for taxes like FICA and Medicare so this will be closer to $25-$26k.
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23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
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20 January 2025 | 31 replies
My accountant was lazy, not well informed and provided bad advice.
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23 January 2025 | 5 replies
From my experience, mentorship can provide structure, accountability, and networking opportunities, but it often comes at a high cost.
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20 January 2025 | 7 replies
Accounting & Finance: What tools make bookkeeping and financial tracking seamless?
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14 January 2025 | 15 replies
Do you know if there is a service, monthly or annual fee for opening one of these accounts?
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13 January 2025 | 7 replies
However, a good real estate accountant is worth what you pay them because they will save you time and money.