Blog
Planning For Uncertainty
As a Corporation You Need to Follow the Rules
When you started your business, you may have formed a corporation to protect your personal assets from lawsuits against your company. However, you must also operate your business like a corporation -- or risk losing the liability protection you expect to have.
No matter how long you've been in...
Budgets Can Make You Rich!
Let’s face it, budgets are boring and tedious. They feel restrictive and limiting. No-one wants to create them. I get it, you don’t want anyone telling you how to spend your hard earned money. However, what if I told you a budget can make you rich. After all, everybody wants to be...
Tax Strategies For Real Estate Professionals
Most individual taxpayers who own rental real estate cannot deduct losses from their properties or their losses are limited.
The Internal Revenue Code (IRC) defines a passive activity as any trade or business of a taxpayer in which the taxpayer does not materially participate, and any rental...
Maximizing Cash Flows
Maximizing Cash Flows
Slow paying customers, seasonal revenue variations, an unexpected downturn in sales, higher expenses -- any number of business conditions can contribute to a cash flow crunch. If you own a small business, you may find the suggestions that follow helpful in minimizing...
Managing Cash Flows in Unprecedented Times
Slow paying customers, seasonal revenue variations, an unexpected downturn in sales, higher expenses -- any number of business conditions can contribute to a cash flow crunch. If you own a small business, you may find the suggestions that follow helpful in minimizing cash flow problems.
BILLING...
Maximizing Home Office Deduction
Generally personal expenses such as mortgage interest, real estate taxes, insurance, utilities and maintenance are not deductible as a business expense. However, if you are self-employed (small business owners, real estate professionals, contractors, etc.) and work from home, you may be eligible...
