A new year brings newer expectations and hopefully a brighter outlook on the future. We've compiled a list of changes and new expectations for small businesses in the upcoming year. Give the list a read. 1.) Better technology, anyone? You could summarize the uses of much of the technology
Tax Deductible Rental Property Expenses, Part 4: Landscaping, Hired Help, HOA Fees
In order for your rental property to be attractive to prospective renters, it should be found in good and presentable order. These expenses can be deducted against the income received from this property provided they meet the business use requirements. Let’s look at landscaping, hired help, and HOA
Tax Deductible Rental Loss
One thing we learned about investing in real estate over the last few years is that it can be quite volatile at times and requires sufficient capital and planning to be successful. Rental properties are traditionally long term investments and losses may occur during the holding period. Investors
Tax Deductible Rental Property Expenses, Part 3: Supplies, Taxes, Utilities
As a Landlord, you may incur certain expenses during the course of business that have some significant impact on your profitability. Among these are supplies, taxes, and utilities, which are generated from the property from which you are receiving income. As with other business expenses, you must
Tax Credits for Landlords
This particular article of the Landlord's Tax Guide focuses on the different types of tax credits available to landlords who rent out their property. A tax credit is better than a deduction because it is a one-for-one reduction of tax owed, while a deduction simply reduces the total amount of income
Private Use of Rental Property
The guidelines associated with the personal and leasing utilization of premises are included in this article in the Rental Property Tax Guide. This may be either because you are leasing out a space in the same property which you are living in, or you have got a vacation residence that you might
Resource for Business Valuations
The valuation of a business, business ownership interests or intangible assets may be performed for a wide variety of purposes including: 1) Transactions such as acquisitions, mergers, buyouts, employee stock ownership plans, partner or shareholder buy-ins or buyouts, and stock redemptions. 2)
Deductible Vehicle and Transport Expenses Related to Rental Premises
When travel expenses are essential, and suit certain factors, then they become deductible. Various travel expenses that you may write off include travel to secure rent payments from occupants and to perform maintenance duties on your property. Be aware commuting to work is regarded as a private cost