“Step up basis” is an important concept for real estate investment and both new real estate investors and those seasoned in the industry. While it may sound like technical accounting jargon, understanding the mechanics can give you an edge when analyzing the economic and tax impacts of a potential real estate deal. Basis For Real…
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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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Business is fluid. A lot like water in a river, it is constantly flowing and transforming over time. To be successful long-term, you must adapt to the new things your industry brings you. Examples of change in business could be: new technology (point of sale systems in retail), industry trends (price bubbles in real estate), or unanticipated events (loss…
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It’s Monday – Back to Business. Did you prepare for your vendor negotiation meeting? Something as simple as a vendor contract or customer terms can significantly impact your profits. If you haven’t mastered this art, consider the following tips before going into a meeting where you need to make a deal: 1. Body Language Be aware of…
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I’ve successfully telecommuted 700 miles to work for the last 8 years, giving me a unique perspective on how work from home essentials have changed and what tools really work. I’ve used many programs, software, tools, apps, and websites over the last 8 years, but here’s my top 10 list of work from home essentials…
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It’s Monday—Back to Business! Growing a business can be stressful, but you don’t have to stay in a constant state of growing pains. There are a few ways to take your company to the “next level” but most of them require using more of your resources. Instead of spending more to earn more, my suggestion…
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