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May The Tax Code Be Ever In Your Favor

Jul 20, 2017

Taxation is tricky. We want to simplify it. Today we delve into the ins and out of taxation on credit cards, freebies, gifts and promotions!  “Are my Casey’s pizza box tops taxable!?” This was the question that popped into my head when I was cleaning one evening and came across 19 box tops.  That’s only […]

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5 Bookkeeping Tips For New Landlords

Jul 20, 2017

You’ve just closed on a new rental property, congratulations! The entire process was arduous but you made it through to the other side even if that inspection was a bit iffy. The closing attorney hands you keys to your new place and you walk out of the closing office a new person! But the elation is […]

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QuickBooks Online vs Desktop: Which is right for you?

Jul 20, 2017

If you are in the market for an accounting solution for your business you have undoubtedly come across the popular choice, QuickBooks. Your next question, in reviewing the many variations of QuickBooks is undoubtedly: “Which is better QuickBooks Desktop or QuickBooks Online?” In the beginning of my accounting career, I used to think the answer […]

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Section 179: Long-Term Deductible Costs

Jul 11, 2017

Depreciation takes a good long time, which means waiting years for deduction opportunities. But what if you could speed that time up? Here, on behalf of The Real Estate CPA, I’ll show you how to get the most out of your taxes with Section 179 deductions! Depreciation As a landlord, your best bet for tax […]

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Top Ten Tax Deductions for Landlords

Jun 19, 2017

Real estate investors are always asking what expenses landlords can deduct. Because the answer to that question can quite literally be endless, we often tell our clients to record everything. For those expenses that our clients are unsure about, we ask them to create an “ask my accountant” category or account in their bookkeeping solution which […]