in Real Estate

5 Steps in Choosing the Best Business Entity for Real Estate Investing

When trying to determine the best business entity for real estate investing, you may notice that the process is slightly tedious. You will have to deal with tons of paperwork, documentation, and go above and beyond to make sure you and your investment is legally protected. Whether you go about choosing a corporation, limited partnership, or limited liability company, there are some steps that you should...

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19 Jun 2014
in Real Estate

How to: Determine What your Real Estate Investments Needs from a CPA

From the time that you initially decide to begin investing in real estate to buying your first property, there is a seemingly endless amount of work to be done. This is a considerably daunting thing to many people. Believe it or not, the business of owning property is a tough one and one that is full of land mines that can blow your returns to...

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11 Jun 2014
in Real Estate

4 Ways a CPA Can Save You $1,000’s in Real Estate Investing

The top CPA Firms in Houston have one goal in mind when it comes to working with you on your tax accounting and reporting- helping save your money. CPAs can help you and your business in many ways, but this is especially true when real estate investing comes into play. Four ways you could potentially save thousands by using the assistance of a CPA are...

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06 Jun 2014
in Real Estate

How to Set up Your Chart of Accounts

A Chart of Accounts is simply a list of accounts used by your business all in one spot. A great chart of accounts also includes a guiding numbering system that tells you what types of transactions go into each account. A Chart of Accounts, while not complex in nature, does require a lot of management, maintenance, and diligence so that the financial side of your...

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30 May 2014
in Accounting

New Limitations Set by the IRS on Pension and Retirement Plans

The IRS has announced the new limitations for pension plans and other retirement plans for 2014. Overall, the limits remain largely unchanged because the IRS stated the increase in the Consumer Price Index did not meet the statutory thresholds for their adjustment. 2014 limits that will remain the same as prior year include: The contribution limit for employees who participate in a 401(k), 403(b), and...

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22 May 2014
in Controller vs CFO

Prepare For the IRS Auditor In 9 Steps

Getting audited for your tax returns is an experience that many would be happy not to go through. A lot of business owners prefer not to undergo close scrutiny from any Internal Revenue Service agent. Such process can be taxing and strenuous, but this situation can be downplayed. According to Certified Public Accountants, only 1% of those who pay their taxes undergo an audit. However,...

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16 May 2014
in Accounting

How-To: Determine the Best Accounting System for Your Company

If you own or operate your own business, then accounting is one of the most important facets you’ll encounter. Understanding financial records, how to compile them, and what to do with them are all important to the continued success of your company. With so many innovations in the accounting world, it can be difficult to keep up. You may not know what the best accounting...

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13 May 2014
in Accounting

How-to: Create an Overview Accounting Report for the CEO

Businesses frequently require transparency in a number of different fashions. One of the most common ways for a business to provide information about the financial dealings of the company is through overview accounting reports. In some instances, providing a thorough and accurate description of expenditures is necessary (especially if you want to comply with federal law). Indeed, fraudulent financial reporting typically accounts for one-tenth of...

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09 May 2014
in Controller vs CFO

7 Things Your CFO Should Be Telling You about Your Accounting

If you manage your own business, then everything associated with accounting should be in your purview. That is to say, you should understand cash flows, budgets and other monetary concerns. These pieces of information typically come from your Chief Financial Officer. Of course, most CFOs have to balance accounting with strategy, but more and more businesses are opting for CFOs with better accounting credentials. In...

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05 May 2014
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