Let’s be honest, no one likes filing a tax return. This is heightened for those in real estate due to the volume of information that needs to be gathered. Most in the real estate industry have multiple entities with many transactions happening each year – it can truly be overwhelming. I am here to offer…
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The term “R&D Tax Credit” for Fresno business owners might conjure images of lab coats, high tech manufacturing lines, or in-depth computer research and cause them to think the credit couldn’t apply to them. This common misconception may be keeping some businesses from reaping thousands (or possibly even hundreds of thousands) of dollars in tax…
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We briefly covered a few QuickBooks features at one of our most recent seminars, including how to use the Class function. Afterward, we had several attendees express interest in learning more about how to use the Class feature in QuickBooks. Although implementing and maintaining QuickBooks Classes can be a bit intimidating, it’s a much easier…
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Improving accuracy in Excel spreadsheets over time becomes difficult as formulas tend to get longer and less accurate. Often times when we use Excel formulas, we do them as a one-time thing to solve the immediate need. You may copy and paste that same formula somewhere else and the inaccuracies continue. This quick tip for…
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Qualified Opportunity Zones (QOZ) is a new benefit created with the new tax reform legislation and is one of the largest incentives to taxpayers that we’ve seen in a long time. Although fairly complex in terms of timing, they are simple to set up and maintain—absolutely worth the effort in terms of tax savings. (View…
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If you’re planning to utilize the benefits of a Qualified Opportunity Zone (QOZ), you must invest your gain into a Qualified Opportunity Fund (QOF). They are fairly simple to create, but be cognizant of the tests to stay certified and the deadlines for avoiding penalties. Read on to learn more about how, when, and why…
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