Starting a Home Based Business

Posted on: 23 September 2020

Debt relief through the cancellation of a debt owed—when a lender "writes off" the remaining portion of debt for various reasons—can be a big help when you are struggling under a debt burden. But this action does have tax consequences that often come as a surprise to borrowers. Cancellation of debt is generally taxable income on your annual Form 1040. However, there are important exceptions that don't require you to pay taxes on this income.
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Posted on: 8 January 2020

When you buy real estate as an investment, you need to protect your financial investment as much as possible. One way that many real estate investors do this is by creating a special purpose entity or special purpose vehicle. This separate business entity distances your personal finances from the business obligations so that your risk is vastly reduced.  But in order to receive the legal protections you want from your special purpose entity, you must take a few steps.
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Posted on: 22 November 2019

The end of the year is coming — much sooner than many are ready for. Now is the time to start thinking about taxes. Although you'd rather be spending your days preparing for and celebrating the holidays, taxes must take some level of priority. Here, you'll find a few tips to help you prepare for the upcoming tax season before the year comes to an end. Find a Tax Preparation Service
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Posted on: 27 September 2019

If you feel you are making mistakes a business owner when it comes to your business finances and your business plan, it may be time to bring in a financial expert. If you think having a trained and experienced CFO would help your business, but you are stressed about the cost, a contracted advisor is a great solution. Here are signs you want a part-time advisor and not a full-time employee.
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