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Deducting Start-up Expenses for a Rental Property

Deducting Start-up Expenses for a Rental Property

Tags: CPA Sarasota, QuickBooks Bookkeeping, real estate taxes, Tax Planning Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of...
Beat the Net Investment Income Tax

Beat the Net Investment Income Tax

Tags: Income Tax, Sarasota CPA, Sarasota Quickbooks, Tax Planning Here is some important information regarding the net investment income tax (NIIT), which may be relevant to your financial situation. NIIT Overview The NIIT is a 3.8 percent tax that could apply if your...
New FinCEN Filings Go into Effect on January 1

New FinCEN Filings Go into Effect on January 1

Tags: Income Tax, QuickBooks Bookkeeping, Sarasota CPA, Tax Planning For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability...