You might not know that in addition to the typical investments in stocks, bonds, and mutual funds, you’re allowed to hold almost any type of asset in your retirement account (with the exception of collectibles, precious metals, and life insurance.) Holding real estate in IRAs is a great option for many investors. Tax Benefits To…
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Is your activity a hobby or business? Do you want to write off expenses from your hobby? Do you want to turn your hobby into a business? Tax-wise, it can be beneficial to turn your hobby into a business because you can write off losses and expenses. The IRS has a checklist for determining the…
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Your teenager needs a summer job and it just so happens that you have some clerical work at the office that needs to be done. Sounds like a perfect match? It might be just that. There may be some cost advantages available if you’re a sole proprietor and considering hiring your child as an employee…
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It’s Monday – Back to Business. If you’re thinking about hiring an accountant, consider the types of professionals that are out there. Everything a company does or does not do translates into either a dollar or lack thereof. If you’re in the process of hiring internal accounting staff understanding the level of skill you’re getting will be…
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Nothing in real estate is a guarantee. A Gain on Real Estate Sale Analysis can help provide a clearer picture about a potential purchase. Experts are constantly trying to get ahead of the curve, bubble and trends. However, as a seller of real estate, it’s possible to reduce your uncertainties to a minimum, and to…
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My wife and I have recently started a family and are completely thrilled over becoming new parents. After coming home from the hospital, we very quickly realized that there are several new financial responsibilities that come with being a parent. We did our due diligence and felt prepared for most of the big changes, but…
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